NF closed at low last session and got reverse hook open above traded high zone today. Above 22400 drive expected for a probe of 22440/22475-22490 which they got via ORR move by IB stretch..Then got quite a tight balance all balance which got resolved lower for IBL swipe in last hr then closed below dVAL.
Neutral extreme down day.
NF had a good pump in IB period but some supply came in at old selling tail zone 22490 which held all session and pushed for IB swipe into close. They need to defend 22450 for further follow through downside next.Sellers gain more confidence staying below 22380 to clear weak low at 22345 then test spike low zone 22305 then bounce possible.
Swing view marked for 22440/22470/22520 and NF moved till 22490 today..Swing support same 22280 still.
Levels wise for next session, move above 22450 could get 22475-22490/22520 if sustains 22550/22595/22635. Failing to stay below 22350 could bounce to 22390 if accepts 22420/22450/22475-22490 possible..Weak below 22380 for 22350-22340/22315-22305/22285. If fails to sustain above 22450 and moves below 22410 could get 22380/22350-22340/22315-22305.
Charts and data :
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