NF printed bell balanced profile after back to back spike days in last session and exhaustion seen hence pullback expected..they got gap and drive down clearing weekly first support 26220 right at open with volume.Staying below 26220 marked for 26040 which was again good support which held during mid session.then got extn down again to move to next probe zone 25960-25920 and held there and closed at dPOC.
Large selling tail and long liquidation day.
Auction looks incomplete at low. Staying below 26060 retest at low of the day possible and hold around and bounce else one more quick liquidation drive possible for next session before any bounce.
Above 26060 squeeze possible to get 26100/26135 reject else 26175/26210/26240.Not able to clear 26060 and staying below 25985 could get 25950-25920 bounce else 25890/25865-25850 next and below that more weakness towards 26780/26730.
Charts and data :
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