NF had a spike close after failed trend day closing at high on Friday. Next buyers expected to defend spike and get squeeze from narrow range week else repairing poor value area of last session expected. NF got a open higher above spike but could not get any squeeze and also not accepted below spike then closed as balanced profile with close at dVAL..
No demand day with volume lesser than average in months and range also narrower. Closed at dVAL.Another poor session by buyers.
Spike accepted with value and buyers job now next to defend this value area and move higher..No acceptance above 19540 yet..Same ref for next session..Stay above this for a move towards 19590 and above else overlap and repair poor value area of 10/11.
Levels wise for next session, move above 19520 could get 19545/19565/19590/19620 possible..Above 19635 could get 19665-19680/19720. Failing to stay above 19565 could drop to 19515 if sustains 19485-19470 and weak below that for 19445/19425/19405-19395.
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