FA low and NE up day for NF in last session. Expected few sessions of auction inside large outside day range and not able to stay below 23120 and moving above 23185 marked for a move till 23335 and reject. NF got open test drive up rejecting at 23125 and had high till 23320 today then remained as tight range day till close then closed at dPOC.
Large buying tail and short covering profile today.
Buyers next need to get drive/gap above this P profile and once done should defend 23265 all day..Not able to do so we could look for slow auction down filling today buying tail and low.
Levels wise for next session, move above 23295 could get 23320/23345/23375/23405/23440 if sustains more bullish towards 23495/23540. If fails to stay below 23165 and moves above 23200 then odds to get 23230/23265/23290. Weak below 23245 for slow drift towards 23215/23190/23165-23150 bounce else 23120/23090/23055 odds.
Charts and data :
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