Neutral day with FA low in last session for NF..Sellers seen at top and push below expected from them next to get 22015/21965/21930. NF opened lower below 22120 and stayed lower clearing 22000 lead to liquidation to probe 21930 and below then closed at dVAL.
Strong selling tail and long liquidation auction which negated FA at low from last session.
Auction incomplete at low.
Weekly gone for second disbn lower and monthly got another extn from second disbn.
Not accepting above 21940 early in the session expecting auction to get more downside towards 21830-21815 then bounce else further weakness for 21770-21750/21720 and more.
NF left poor value area in long liquidation profile..Not able to stay below PDL and accepting above 21890 could test 21930-21940 reject else 21970-21980/22010 possible to repair poor value area..If accepts 22010 then 22040-22060 and more possible.
Swing wise as long as staying below 22060 could look for 21830/21780/21720/21660.
Charts and data :
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