Trend day turned into short covering P profile at close in last session. Buyers next expected to defend POC to stay higher all day and once sustains PDH then retest of FA at top and squeeze expected..Above 23565 probe marked till 23635 then till 23750/23780. NF had a open auction defending POC of last session then got a squeeze to move till 23745 and closed at high.
Double distribution up day.
Range extension above weekly composite with good extn single.Extension handle zone 23620-23630 becomes swing support now. Holding this upside is open towards 23840/23920.
Levels wise for next session,not able to stay below 23640 and moving above 23665 could get 23695/23730-23745 and staying above 23750 could get 23780/23810/23845 if sustains 23870/23910-23920 probe. Not able to stay above 23750 and moving below 23690 could test 23660/23635 then bounce.Weak below 23620 for 23585/23545/23515/23480.
Charts and data :
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