NF had 4IB up neutral extreme up with spike close on expiry day.Buyers needed to hold around POC zone and look for balance till PDH then expected to move higher.Move below POC rejected with tail for move higher to PDH then move above PDH also rejected then closed as balanced profile at dVAL.
3-1-3 balanced profile with tail at both ends.Sustain value area for trend else move to other end of value area then look for trend that side in next session.
Sellers have to next sustain down early in session after dVAL close else test of selling tail then decide.
Swing support 25220 then 25100..Upside after this balanced profile 25450-25465 res..Need to clear this else session or two balance possible in stealth+spike zone of 12/09.Swing wise buy on dips with negation below 25100.
Weekly :
All time high week ended as outside week closing at lows at last week. 25240 considered strong resistance for the week. Staying below that move down towards 24760-720 and below expected.Not able to stay below 24700 and back above 24900 expected to get 25020/25080/25160 for rejection then 25220-240/25340 expected.NF moved only till 24815 then bounced to 25175 and rejected then got a squeeze above that for 25340 and above till 25430 to mark ATH.
Back to back outside week now and 3rd week of Overlap.25280 support and 25465 resistance to start the week to look for balance..Early move needed above 25465 to get 25525-25540/25640 else drop to 25280 reject else 25200 zone test and bounce possible.Below 25200 stretch to 25120-25100 then bounce as 25100 quite solid support. Below that move back to 25035/24965/24890/24840 possible.
Monthly :
Outside month and spike close in August. Odds were there for Sep to start with some balance.As we moved below 25000 expected 24750/24650 then bounce and NF bounced off from 24815.Above 25250-300 marked for 25450+ and it probed 25430. Two weeks of balance sofar in Sep.
25100-25200 solid support band for Sep now.Holding this balance and skew higher towards 25600/25750/25900.Below 25100 back to 24950/24840 sustains means 24730/24640/24520/24430-24390.
Charts :
Daily
Weekly
Monthly
Data :
Notes :
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