After 5days of one time frame down pause in supply seen in last session and buyers got FA low..They next needed to defend 19625-19645 and move higher above 19735 else overlap expected.NF had a open auction defending yday buyers zone tried to move higher but failed to push above 19730 resulted in all day chop closing at dVAL finally.
Narrow range lower volume bell balanced profile. Likely to deliver imbalance session in a session or two as we got such balance after neutral day.
Inside day. Buyers defended yday FA low with another buying tail and sellers held NF around VAH of yday. with a close at dVAL, it should be job of sellers to act quick early in session clearing and accepting below 19625 else another overlap to skew/squeeze higher session possible next.
Levels wise for next session, not able to stay below 19625 and move above 19665 could get 19695-19710/19730 bullish above that for 19770-19785 if accepts 19825/19865 possible. Not able stay above 19730 could drop to 19680 if accepts 19650/19625-19615 and weak below that for 19585-19570 if sustains 19530/19505/19485 possible.
Charts and data :
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