Failed auction at low on Monday for NF. Buyers of this FA next to get a relief wanted to accept above 23590 to get PDH and above then expected to stay higher all day and probe marked upside till 23845-23855.NF got volume based drive clearing PDH and probed 23844 then towards close moved back in range which erased morning move to clear IBL then closed at low.
Neutral extreme down day.
Spike down close an spike zone 23485-23555.Spike rules apply for next session.
One time frame down of 4days stopped.
Back to back neutral days now..Sellers of last session now should hold spike high and sustain lower else balance odds.
23565 ref for next session for sellers to hold else back higher to repair extension happened on last session then sustaining above POC could get more upside. Failing to stay above spike high could do balance and skew down to get swing low zone.
Swing has negated 23700. As long as holding below 23790 odds still there for balance and skew down.
Levels wise for next session, above 23595 could get 23635/23680 and further bullish above 23695 for 23730/23765.23780 if sustains 23835/23875/23910/23940.Not able to stay above 23690 and back below 23615 could get 23580/23550/23515/23475 weak below 23465 for 23435/23405/23365/23350/23305/23275/23240-23220.
Charts and data :
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