Long liquidation auction with selling tail on expiry day for NF.Not able to stay above 23450 expected drop to 23380/23340-23325 then bounce for short squeeze expected. NF gone till 23350 in IB then remained as P profile all day then closed at dPOC.
Short covering profile.
Double print buying tail.
Also a selling tail at close.
Buyers need gap/drive above PDH next session..Failing to do so could do overlap and test buying tail and PDL next.
Levels wise for next session, move above 23490 could get 23520-23530 if sustains 23565-23580/23615/23640 possible. Not able to stay below 23335 and moving above 23390 could get 23430/23470-23480.. Not able to stay above 23480 could drop to 23415 and weak below 23410 for 23380/23350/23325/23280 if sustains 23250/23225/23200 probe.
Weekly :
NF closed as outside week last week. Staying above 22850 upside marked for 23450/23540 then pause expected..They probed 23450 and met with exhaustion and closed as short covering week.
23410 pivot for the week.Holding that upside skew towards 23540/23620-23640/23700/23840 possible.Not able to stay higher and breaking 23410 could get 23335 bounce else 23275/23225 possible and weak below that for 23150 and below.
Monthly :
23150 solid support for June now..As long as staying above that June month could see probe towards 23600/23840-23920. weakness only below 23150 on monthly time frame which could get 22920 bounce else 22850/22750 possible.
Charts :
Daily
Weekly
Monthly
Data :
Notes :
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