NF had double distribution up day with buyers seen at upper disbn in last session. Buyers next needed to clear strong res at 22385. They failed to do so after open auction and gone below POC of last session to get sharp liquidation from buyers of yday. Failing stay above 22380 and move below 22310 marked for 22275 then considered weak towards 22230/22190.NF probed till 22210 then all day remained as liquidation profile with bounce getting sold then closed at dPOC.
Long liquidation b profile clearing buyers of last session.
Move higher next if fails to bring intent from buyers then again overlap into 2days range possible all session next. And, liquidation if stays below this b.
After a good balance and post mid session if sustains strong res zone 22385 then spike higher odds till close possible. As of now volume and data not suggesting so.
Levels wise for next session, move above 22315 could get 22340/22365-22385 if sustains 22425-22435/22475-22485 possible. Not able to stay above 22360 and move below 22300 could get 22275/22245-22230 weak below that for 22205/22180/22140 if sustains 22090/22050-22040/22005-21995 possible.
Charts and data :
Notes :
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