4th day of one time frame up via DD up day for NF on expiry day. For next follow through higher buyers had to defend extn singles which they did and gone for another trend day in first session in last session then failed the trend day and then closed as short covering profile at dPOC.
5th day of one time frame up.
Short covering profile with close at dPOC. Buyers need drive holding dPOC or get gap up and once done should defend POC else test of VAL and buying tail for next session.
Swing long above 23280 marked for clean move towards 23450/23600 and they got 23430 now and swing support moves to 23230. As long as this holds upside is open towards 23520/23600/23800-23850 and once gets 23480 swing support moves to 23350.
Check plan for trade hypos.
Weekly :
Last week closed as balanced week at dVAL zone as inside week and expected directional move. 22500 marked as support and they held it for the week. Upside marked till 22950/23020 and anything above 23020 in Mar expected easy push higher towards 23320 and they moved till 23430.
Elongated week and extn of the week at 22950-23000 becomes support for March now. Immediate support for bullish view is 23230.Upside is open towards 23520/23630 pullback else 23800-23850.Not able to stay above 23520 and back below 23380 could get 23275-23230 test of support then bounce else 23150-23090 and that goes means 22980/22865 odds.
Monthly :
March clearing above 22700 expected to move higher towards 22850 reject else 23000/23150/23300 expected and cleared good res zone 23300 now. This has opened up for Mar obj probe towards 23520/23630/23800-23850. If we accept below 23230 then upside obj could happen after sm balance on weekly. Two major support on monthly profile now 22950 then 22650 and any major reversal only below second support as of now.
Charts - Daily :
Weekly
Monthly
Data :
Notes :
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