NF had triple distribution trend day closing at high with incomplete auction at high. NF opened right at high today but could not sustain higher and gone straight in IB period to clear all refs from triple disbn profile. It tested buying tail of last session which bounced it back then had two way auction in IB range to close above dVAH.
NF negated solid triple disbn trend up day auction today..Suggests we could go for new balance.
Left poor high top.
Today's overlap auction makes two days composite with poor value area hence need a fill now..To avoid that buyers need to defend 20225 and stay higher, failing to do so could go for filling value area of last two session.
Swing long view negated with a move below 20050 today..Neutral stance now.
Levels wise for next session, not staying below 20225 and moving above 20260 could probe 20285/20310-20320/20350-20365. If fails to stay below 20140 and moving above 20195 could get 20225/20250-20260/20285/20310-20320. Failing to stay above 20290 and moving below 20250 could test 20225 and weak below that for 20195-20180 if sustains 20150/20120 possible and further weak below 20105 for 20085/20060.
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