NF had NE down day with incomplete auction at low last session.Got a gap down and held gap in IB.Staying below 22880 marked for 22835/22790/22745/22715 and NF done entire probe then closed at low.
Gap down and selling tail.
Long liquidation profile with decent volume.
22850 if flipped with volume then expected liquidation. This has happened today as right from open volume was stable and all day remained as b profile.
22780 immediate resistance for next session and downside today also incomplete auction considering volume and fresh supply today. 22780 goes means overlap session and squeeze odds above 22850.Quite weak if this sustains below 22670 next as that could lead to another round of good liquidation.
Levels wise for next session,move above 22780 could test 22810-22820 reject else 22855 and bullish above that for 22885/22925/22960-22970 if sustains 23015/23040-23065. Not able to stay above 22815 and moving below 22750 could get 22720 and weak below that for 22695/22670 and sustains means 22640-22625/22600/22565/22525-22515 possible.
Charts and data :
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