NF had inside day with anomalies left in profile.And, last 3days had less than average volume so it was buyers job for next session to defend 22190 all day and stay higher else expected move down to repair yday profile. NF mildly whipped at 22190 in morning session and after all day attempt to stay higher failing and clearing 22190 towards close pushed for good liquidation down to get PDL as well as clearing 3days low then closed at low.
Outside day and >4IB down day.
Stopped one time frame up move.
Double distribution liquidation down day (Ignore my closing commentary where I said to consider last hr move as spike).
Poor high with new ATH..As long as we are above 21800 , odds there to visit sooner this high.
Immediate res now 22100-22120 band and as long as holding this more liquidation possible down towards 21980/21940-21920 then bounce else more to come for next session.Acceptance above 22120 we may go for filling today extn singles zone and accepts extn handle at 22185 then more upside.
Levels wise, failing to stay above 22080 and move below 22020 could get 21990-21980 if sustains 21950-21945/21920/21885-21870 possible and below further could move towards 21830-21815/21780. Not able to stay below 21980 and moving above 22020 could get 22050-22070 reject else 22100-22110 test and further acceptance above 22120 could get 22160-22170/22210/22235.
Charts and data :
Notes :
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