NF printed outside day and >4IB down day in last session. 22120 considered as resistance and holding this more liquidation expected..NF had sm noise at open holding this level then stayed as clean long liquidation b profile in first session.Probe was marked for 21980/21950-21945 and below and it moved till 21945 staying below 22120..Laster started accepting above 22120 in second session which was marked for 22170/22210/22235 and NF probed the same then closed at highs.
Failed auction at low.
Neutral extreme up day.
Large spike close.22180-22270 spike zone.
Volume and data solid with buyers at close.
Almost a outside day..Left poor hight at ATH yday and expected probe back there sooner and it came back next session itself..Yet to clear the same.
Today's auction confirming solid swing support now at 22080-22120 band from where we got lot of initiative buying.Considering data at close, this level could hold till end of Feb.If that goes then back to day lower quad zone to test FA zone may be then bounce else further move down.
Odds of sm balanced session next after having such two back to back imbalance outside days.
Buyers got two zones to hold tmw 22220-22235 to look for move higher above today spike high then decide more rally or going to stay as balanced profile.Next zone of support at 22170-22180 to defend..Goes means test of swing support 22120-22090 then bounce possible.
Levels wise, failing to stay below 22235-22220 and move below 22265 could get 22290-22305 if sustains 22340/22370/22410 possible. Not able to stay below 22170 and move above 22220 could get 22255-22265/22290-22305. Failing to stay above 22300 and move below 22240 could test 22210 weak below that for 22180-22170 if sustains 22140/22115-22100 possible and further weak below 22080 for 22050-22040/21995/21965.
Charts and data :
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