NF ended as 5th day of one time frame up on expiry and considered 24840 pivot for next session. It whipped all day both side of 24840 and closed at dPOC on Friday.
Outside day with tails at ends and another low volume session.
Accepting selling tail could travel up into next gap zone of Aug.Not able to do so could travel down to test PDL and lower.
Levels wise, not able to stay below 24800 and move above 24840 could get 24875-24880 bullish above that for 24915/ 24950/24990 if sustains spike towards 25045/25075. Not able to stay above 24920 and move below 24870 could get 24835/24805 weak below that for 24775-24760/24730/24700/24670.
Weekly :
Back to back balanced week and it closed at high of week at end of last week. 24530 considered as first support which held for the week. Holding 24530 expected filling gap zone 24670-24710 then pullback else 24780/24840 expected. They moved via slow days till 24840+ and closed with dPOC skew higher.
Buyers should start the week having drive holding 24840 or gap up and once moved away from weekly profile should not accept back in value. If accepts back,overlap in weekly range possible. So, holding 24840 move towards 24920/24990-25030/25075 possible. Not able to move/sustain higher and back below 24840 could get 24780/24730/24670 bounce else 24610-24585 then bounce possible. Staying below 24530 could get 24460-24430 bounce else travel back in two week balance with a move towards 24365/24300-24250.
Monthly :
Monthly gone for outside month and made balance and last week started retracing back in large extn down happened at start of Aug i.e, filled back large gap as well as now testing next gap happened at start of Aug 24885-24985. Holding 24730 monthly could balance and move higher towards 24990-25030-25075 then could pullback.Need good volume to sustain 24990-25075 band of monthly if happens then spike towards 25200+ possible. If stays below below 24840 could get 24730 support and bounce else 24610-24575 possible for Aug.
Charts :
Daily
Weekly
Monthly
Data :
Notes :
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