NF had almost a trend day and solid selling tail top on expiry day.As long as no acceptance below in buying tail and acceptance back in value area expected to fill lower quad of profile and 23750-23760 considered as good res/pivot for next session to check and first test in this zone expected to reject.NF failed to stay in buying tail and bounced in IB and seen rejection between 23750-23760 then all day stayed down with lower value. Not able to stay below 23630 and above 23695 marked for 23725/23755 then failure at 23755 and back below 23700 marked for 23635/23595/23565/23535. NF tagged 23755 first then rejected there and got 23565 later then closed above dPOC.
Long liquidation profile with clean tail at top again.
3rd day of one time frame down.
23660 ref for next session.As long as staying below this odds to retest PDL and sustains means weakness.Above 23660 squeeze or not able to stay below PDL and back above POC could get value fill then could look for squeeze.
Swing probe marked for 23550/23455/23250 and probe is done now till 23560. Negation moves to 23750 from 23940 now to look for remaining obj 23455/23365/23250.
Levels wise for next session, above 23665 could get 23695-23715/23750 if sustains 23795-23805/23845-23855 then above 23875 could get 23910/23940-950/23985/24020-24040. Not able to stay below 23530 and move above 23615 could get 2364/23665/23695-23715/23750. Failing to stay above 23680 and break below 23600 could get 23570-23565 weak below that for 23535/23495/23465-23450 bounce else 23415/23380/23350/23335 bounce else 23295/23250-23225.
Weekly :
Outside week closed below dPOC. 24305 considered as pivot for the week. Holding that skew down towards 24135-24100/24020-23985 then bounce expected. Weakness further if stays below 23985 to get 23920/23865 and goes means spike for 23770/23665/23550/23450 expected. Move above 24305 marked for 24370/24440 rejection expected. Week started to get 24100 first then bounced and cleared 24305 to get 24410 then started one time frame down on daily which probed till 23560 then closed at low of week.
Double distribution down week with POC skew down. 23680 pivot for the week. Holding this, sellers need to get drive down to start the week to get 23550 accepts means 23465-23455 bounce else 23375-23335 potential halt/bounce zone for week..If sustains then 23265-23220 as extreme case then bounce. Staying below 23220 calls for 23150/23060/22980. Failing to stay below after making fresh low below 23550 and back above 23615 could test 23680-23710 reject else 23790/23860/23940/24020-24050 reject if accepts then 24150-24200/24280-24320.
Monthly :
2nd month of one time frame down hence was looking for balance and skew down to continue holding 24650 to get 24020-23950 bounce later 23850/23665/23450 expected. Nov sofar probed till 23560 and no sign of buyers yet. 24650 sealed for Nov and 24200 now pivot for Nov.Its attempting for double disbn on monthly now hence downside could extend till 23450/23350/23250 pause later could push to 23050-22980/22850. Any pause below 23550 and bounce means pullback is for 23650/23750/23860/23940 extreme case 24040 then reject and balance down..Above 24050 test Nov pivot 24200 if accepts means 24350/24440/24540-24600. Reversal and spike above 24650 for 24800-24850/25050-25150/25350.
Charts :
Daily
Weekly
Monthly
Data :
Notes :
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