NF left no demand day on expiry day with skewed dPOC on 2days composite as well as on weekly. It had a gap down then failed to sustain below IBL.Gone for closing gap and then closed at dPOC.
Neutral center day with selling tail top and failed auction at low. Low is mechanical right at VWAP of 10/10 trend day.
Sellers need to stay below 19780 next and clear FA low for liquidation to travel down in triple disbn profile of 10/10..Buyers have to defend FA low and sustain in value area to probe above 19780.
Levels wise for next session,move above 19780 could get 19810/19840 if sustains 19870/19920 possible.Failing to stay below 19660 and move above 19740 could get 19780/19810/19840. Move below 19720 could get 19695/19665/19635-19625 and more weakness below 19615 for 19580/19550/19520.
Weekly :
Last week had lower value week but got a close at dVAH and buyers needed early follow through higher, failing to do so and dropping below 19620 expected to get 19570/19520/19480..NF started the week with a probe of 19506 staying below 19620 then gone for a move above last week high which was marked for 19760 if sustains move till 19860/19920 expected..It moved till 19880 then dropped to close below skewed dPOC of week.
Skewed upper disbn higher value week closed below wide dPOc for the week. 19780-19810 resistance for the week to start..Not able to clear that and moving below 19695 could get 19635/19570 if sustains 19520-19480 possible and that zone should bounce else 19440/19390-19360 possible and further weak below that for 19290/19240/19200.Any rejection from lower levels below 19650 and moving above 19720 could get 19780 if sustains 19840/19920 possible.
Monthly :
19620 considered as pivot and staying above 19820/19960 expected..This move has happened now in last week and same 19620 zone as pivot for the month as dPOC is developing there..Hold that to stay higher else back to 19520-19480/19360 possible and goes means month could see range extension down towards 19240-19200. Saving 19620 or failing to stay below 19620 and bounce could get 19720/19820-19840 if accepts 19920-19960 possible.
Charts
Daily :
Weekly :
Monthly :
Data :
Notes :
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