Expiry day NF had failed auction at low and then closed with spike up as NE up day. Observation was for sm balanced session next after having such two back to back imbalance outside days. Holding 22220-22235 buyers expected to have balanced profile and NF done the same all day on Friday then closed at low.
Balanced profile accepting spike and odds for imbalance in next session.
Selling tail top after printing new ATH.
Range is narrow with value higher accepting spike so buyers job next is to sustain above poc zone 22275-22290 to look for clearing selling tail top and get range extn higher above PDH..Failing to do so could drop into previous spike zone and spike low goes means sm liquidation possible.
Levels wise, moving above 22275 could get 22300/22330 if sustains 22370/22410-22420 possible.Failing to stay below 22170 and moving above 22245 could get 22275/22300/22330 then remaining obj as said above..Not able to sustain above 22275-22290 could drop to 22240 if sustains weak for 22210/22180-22170 and further weak below 22170 for 22140/22115-22100 then bounce possible..
Weekly :
Outside week closed above dVAH last week.Considered 21980-22020 pivot to start the week to get 22180/22240 which they did at start of week then moved below 21980 only to whip which printed FA on daily then bounced back to week high and then closed with dPOC skew at highs.
Job of buyers early in the week to sustain above this skewed POC zone 22275-22290 for range extn higher above weekly high to move towards 22350/22420 then could pullback, if sustains 22500+ possible. Failing to sustain above 22275 could drop to 22200-22170 then bounce else 22110-22080 probe which is quite good support to hold and bounce higher for overlap in weekly value..Staying below 22080 could travel down towards 22010/21950/21870/21820-21800 and 21800 is now sealed for Feb.
Monthly :
Monthly clean bell balance as of now in Feb..Above 22300 we could have spike up towards 22420/22550.Failing to do so could mean revert towards 22200/22100 bounce else 21920/21810 then bounce. And not expecting 21800 to break for Feb as of now and that goes means straight to 21650-21600 then bounce possible.
Charts
Daily :
Weekly :
Monthly :
Data :
Notes :
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