Failed double distribution trend day in last session for NF. Not able to stay below 25010 and move above 25050 expected a move towards 25115 then rejection expected. If accepts in upper disbn means expected spike higher towards 25175/25200..NF gone for drive up holding 25010 and pushed till 25115-25135 then halted and later spiked to get 25175+..Post that gone for solid reversal below VWAP for IBL swipe and then closed with another spike higher to IBH and got new day high then closed at dVAH.
Solid two way whipping auction neutral extreme up day.
Failed auction at low as well as weak low around same zone last three days.25110 now becomes solid swing support.
4th day of one time frame up.
After a drive from last week high at start of week, swing expected to get 25110/25175/25250 holding 24840 then 24950. This move completed today at 25220. Swing support now moves to 25110 now.If buyers get fresh leg post this NE day, then swing could move towards 25340/25440/25520.
Levels wise for next session, 25220 zone good support to look for long side trades. Holding around 25220 could push higher to get 25250/25280/25305 if sustains 25340/25380/25440 doable. Weak if stays below 25220 for 25180-25165 bounce and get all long side obj as mentioned above..If stays below 25150 could get 25120 and quite weak below 25110 for 25080/25040/25005/24980.
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