NF had a NE down day in last session. 23040-23060 considered as resistance..All day NF stayed below this today for tight balance accepting back in tail zone of last session to clear PDL then closed at low.
Another NE down day.
Failed auction at top.
Expected wild balance day instead NF gone for quiet balanced day..Likely to get imbalance move next.
Auction incomplete at low today..22975 resistance to start the day and holding this looking for auction to swipe through today low.
Considering volume and tempo, still looking for balance between 22850-23200 as mentioned in previous report.Things could change if we get volume based move below 22850 which could lead to liquidation.
Levels wise for next session,22975 resistance to start the day..Holding this zone could have swipe down towards 22890-22880 then bounce else 22850-22835 probe and stays further means 22805-22790 and more weakness below that towards 22745/22715-22695. If fails to stay below 22850 and moves above 22935 then could test 22970-22980, bullish above that for 23015/23040-23055 and more bullish further above 23065 for 23090/23120/23150.
Charts and data :
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