NF had no demand day in last session. Considered weak below 19365 for 19340/19315 which NF attempted in IB but failed to sustain lower below PDL and bounced. Failing to stay below 19365 and move above 19405 marked for 19425/19450-19460 which they gone for after IBH swipe then closed at dPOC.
Outside day.
Triple distribution up day with dPOC skew higher and close at dPOC. Advantage buyers.
Poor high of last session repaired.Left another poor high in third disbn today.Auction incomplete upside.
Though volume is on lower side for the entire session, flip happened with good volume today around 19395 hence 19390-19405 becomes swing support now. Considering 6days balance with narrow value, imbalance expected inside this 6days range. It has started today and holding above said swing support, upside is open towards 19480/19535-19550, if sustains more one time frame up possible.
Levels wise for next session, failing to stay below 19400 and move above 19430 could get 19455 bullish above that for 19480/19510/19535-19550 if sustains 19580-19595/19630/19670 possible. Failing to stay above 19490 and move below 19420 could get 19390 weak below that for 19365/19340/19315.
Charts and data :
Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.
Notes :
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