NF had NE + spike auction in last session..Next session if opens higher and not able to stay higher above old gap zone expected fill back in spike zone of last session and weakness considered below 24530 which was also marked as weekly support. NF had a gap up open but could not scale higher above old gap zone and moved down towards 24530 zone then bounced which all day gone for filling spike zone then closed below dPOC.
Balanced profile with tail at both ends.3-1-3. Likely to get imbalance session next.
After NE up day of last session, today seen exhaustion and absence of buyers as well as some profit booking from buyers of last session. Buyers if wants to continue higher then should scale above 24640 and sustain all session.Not able to to do so and staying below 24590 could get a move down to repair remaining profile of NE day from 16th.
Levels wise, not able to stay below 24545 and move above 24585 could get 24610/24640 bullish above that for 24670/24710 if sustains 24740-24755/24780 possible and above 24795 could move towards 24830/24865-24885/24925/24955/24990.Not able to stay above 24660 could fallback to 24595/24565 weak below that for 24535/24505/24470-24460/24430/24400 if sustains then 24365/24330/24300-24290/24250 probe possible.
Charts and data :
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