We had neutral center close in last session..Sellers expected to stay below 19780 and clear FA at low for a move and buyers have to defend FA and look for a move above 19780. We had a flat open and attempt to clear FA of last session failed and auction moved to 19780 which got exhaustion and then we closed at dVAL.
Buyers comparatively done a better job defending FA but met with exhaustion at selling tail of last session and could not sustain above 19780. this delivered short covering profile..They need to next look for accepting above this 19780 to clear last session tail at top and get to wide POC zone 19840 which is again good resistance now which need fair amount of effort to sustain above..
Failing to sustain higher above 19780 could lead to another overlap session testing 2days VAL zone.
Overlap value and inside day..Likely to have auction between 19690-19850 roughly now for a session or two considering the range and volume gone to dull again.
Levels wise for next session,failing to stay below 19710 and move above 19760 could get 19785 if accepts then 19815/19840/19870 possible.Failing to stay above 19840 and move below 19785 could test 19760/19735 weak below that for 19710-19690/19665/19635-19625
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