NF had a normal day on Thursday and expected imbalance session next. Since it was all day gaussian profile expected balance rule to take place..NF yday again gone for overlap in Thu balance and finally resolved downside imbalance to close at low.Staying below 18100 probe was marked for 18035 which got whipped at open but got completed by close.
Failed auction at top.
Neutral extreme down day closing at low.
One time frame up of 5days stopped.
VWAP zone ref for next session.Sellers need to stay below 18105 zone to get drive or better gap down to continue down towards 18010/17980/17940/17875. Acceptance above 18105 could get 18150-18170 and sustaining there bullish to get 18215/18240-250/18275/18320 and more.
Swing short suggested for 18035/17940/17870 staying below 18220 which got first obj. Negation now moves to 18150 to get remaining obj.
Weekly :
Another inside week and clean 5weeks balance now. 18150 ref upside for the week. Staying below that looking for 17940/17875/17800.
Above 18150 could get 18225-18240/18320 then possible to rotate down.If accepts further then 18420/18480-18520 possible which is again expecting to rotate down back to 18350/18220/18150/18050-18020.
Monthly :
Dec printed outside month and closed at VAL of the month. Jan still a perfect balanced profile and inside month sofar. 17800-18400 balance zone as of now and need to sustain beyond this boundary to get trending move. Lower end below 17880 got sm unfinished job left so prefer to complete them before any rally higher..Without doing so and still moves up then risk on with such rally till mega event budget.
Charts :
Daily
Weekly
Monthly
Data :
Notes :
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