Outside day and neutral day for NF in last session.Observation after two good outside days in the week was that tough to hold last week low and expected more downside early in the week. We got gap down today and bounce could not close gap and remained as down day then closed at dVAL.
Gap down and selling tail.
Long liquidation day with poor low.Auction incomplete at low for swing.
23910 res for next session.Holding this test of PDL zone accepts means more downside.Above 23910 test of upper balance and selling tail/gap then rotation down and value overlap odds.Any major relief for buyers only above 23120.
As long as we stay below 23375, swing down marked for 22950/22850/22740/22650.NF tagged 22850 today. Remaining swing probe zones now 22765-22740/22650 and negation moves to 23120 for the view.
Levels wise for next session, move above 22910 could get 22940/22970 reject else 23005/23045/23075 further bullish above 23085 for 23115/23145/23175/23210. Not able to stay above 22995 and moving below 22910 could get 22875-22860/22830/22805-22795 weak below that for 22760/22730/22695-22680 bounce else 22650-22635.23160/23195-23210 reject else bullish above 23220 for 23255/23285 reject else 23315/23345.
Charts and data :
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