Gap up day after short covering profile..Buyers needed volume based move sustaining above 23040 to get 23150/23225 and they got it today.
4th day of one time frame up.
Double distribution up day.dPOC skew at upper disbn of the day + data at close was suggesting good profit booking into close. To have next follow through move higher they need to defend extn singles and stay above this DD else retest of lower disbn/PDL odds next.
Swing long view met final obj 23225.Swing support now moves to 23085-23110 zone.As long as this is held balance and skew further higher odds towards 23280-23325 and once this band accepts could get clean move higher towards 23450/23600. Am expecting one test at this support zone and bounce.If this support band goes means odds to get 22995/22865-22850 bounce else 22760-22740 then bounce and balance.
Charts and data :
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