Neutral day with another FA low for NF in last session.Staying above 23370 expected buyers to get safe follow through higher. Upside marked above 23455 for 23535 then above 23545 marked for 23625. NF gone for this move fully then closed at high.
Trend day closing at high with incomplete auction at high.
4th day of one time frame up.
Data and auction then structure suggests NF poised positively for budget event.As long as no acceptance below 23500, NF heading towards 23700/23750/23800 if accepts then more upside towards 23910/23980/24045/24100 for next session.
Not able to stay above 23750 and back below 23630 could go for test of 23590/23545/23505 bounce.If accepts below 23500 weakness to get 23460/23420 bounce else 23380/23350/23320/23280 and quite weak below 23280 for 23225/23180/23120/23045/22995.
Charts and data :
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