NF had a narrow range lower volume balanced session and odds were there for imbalance session next. Considered bullish above 22145 for 22180/22240/22270..NF held at 22145 at open and gone to test below VAL of balanced session rejected then cleared 22145 to tag till 22160 to remain as trend day then at close failed the trend day with a move swiping well below VWAP then closed below dPOC.
New ATH print day.
Moved away from large composite.
3rd day of one time frame up.
Failed trend day on lower volume day and due to last hr auction left poor value area to be repaired..Odds of balance for a session or two possible..
Not accepting in buying tail of the day looking for a move back to POC zone of the day then balance and later sustains in selling tail at top then more bullish..Sellers of upper balance of today should defend 22200-22225 zone and push down for balance and later should accept in buying tail of the day..
Levels wise, failing to stay below 22120 and move above 22160 could get 22195-22210 then reject else 22240 and further bullish above that for 22270-22280/22305/22335-22350 possible. Not able to stay above 22210 and moving below 22180 could test 22150 and weak below that for 22125/22100/22075 and further weak below 22070 for 22045-22025/21995-21985 if sustains 21950-21945/21920/21885-21870 possible.
Charts and data :
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