NF had FA + NE up day + spike close in last session. NF opened above spike with gap and gone for trend day.
Gap up and open drive day.
Triple distribution trend day closing at high with incomplete auction at high.
20090 minor support for next session and 20050-20065 solid support. As long as this holds, buyers could hold the auction in coming sessions.
Swing negated excess tail at 19930 in last session and turned into long side..Probe marked for 20030 above 19930 which is done at open session..As mentioned in commentary, 20150-20160 probe next for the acceptance above 20030 which is almost there at close today. 20190 is good resistance next..Buyers need to sustain above this for more upside towards 20250+..Failing to do so sm balance possible between 20050-20190 roughly for next session or two.Swing long view negates below 20050.
Levels wise for next session, not staying below 20075 and move above 20110 could get 20140 and above this could move to 20175-20190 if sustains 20225/20250 probe possible. If fails to stay above 20190 and moves below 20140 then could get 20115/20095/20065-20050 then should bounce else 20025-20015/19980/19955 probe possible.
Charts and data :
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