NF had a painful slow drag lower volume week and closed the week with dPOC skew.
Buyers today decided to ditch that poor structure week for a repair later and started fresh auction with drive and volume to push shorts out and ended as short covering profile.
Large buying tail of today is good support for next session.
Two good support now for buyers on swing.24990 then 24840. Hold 24990 and look for testing ATH if sustains more upside possible..Not able scale/sustain ATH could go for testing below 24990 into today tail zone and find buyers for bounce then.As long as 24840 not violated upside is open towards 25110/25175/25250-25290. Only on acceptance below 24840,we could look for repair of last week profile.
Levels wise for next session, not able to stay below 24965 and moving above 25015 could get 25050/25075 bullish above that for 25105/25135/25175-25195 if sustains 25210 then 25240/25280-25295 possible. Not able to stay above 25105 and move below 25050 could get 25010 weak below that for 24980/24950-24935 then bounce else more weakness below 24925 for 24895/24865/24840.
Charts and data :
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