NF had a strong selling tail and long liquidation in last session with incomplete auction at low..Not accepting above 21940 expected downside side move towards 21830-21815.NF had a open auction whipping around 21940 then moved down towards 21815 and below then bounced..Failing to stay below PDL and move above 21890 marked for 21940/21980 which they did then closed at VWAP.
Neutral center day.
Buyers got failed auction at low and sellers got selling tail from last session strong extn singles zone..Both may go for another session of fight with balance than directional move as per flat data at EOD..No big commitment seen for directional move esp for upside.
For next session,sellers need to defend 21980-22020 zone and push below for overlap value with a probe of 21940/21910/21885 if sustains 21850-21840/21815 possible and quite weak below that towards 21770-21750/21720.
Buyers need to defend 21880-21890 and push higher for overlap with a probe of 21940/21970-21980/22010 if sustains 22040-22060 and more possible.
Swing wise 22020-22060 same res zone.
Charts and data :
Notes :
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