Daily report

NF failed to stay below VWAP of DD trend day and got OAOR then range extn higher and closed at dPOC. Neutral center day. 23050 support for next session and 23180 resistance. Above 23180 could get 23215/23250 reject else 23290/23330 odds. If fails to stay below 23040 and back above 23135 also could get squeeze for 23180 then all other upside obj probe possible. Not staying above 23200 and accepting below 23130 could get 23090/23055 weakness below 23050 for 23010/22965 more wea

Neutral extreme up day in last session and 22730 marked as pivot to get bounce to 22770/22860 then expected a move till 23040. NF failed to stay below 22730 at open and bounced all day to probe 23040 then closed at high. Buying tail and double distribution trend day up. dPOC skew up and closed at high. Buyers need drive up/gap up and once done hold POC..Failing to defend POC could go for overlap in upper disbn of the day and weakness if accepts inside lower disbn. Levels wise

NF gone for 3-1-3 neutral day today with two way auction stuck between rollover zone and PDH all day then settled at dPOC. FA at low. 22760 support and 22860 res for next session. could be whipping auction if stays inside this. Not able to stay below 22760 and back above 22820 could get 22860/22890 pullback later 22920/22950 odds and above 22965 could get 23000/23040-23060/23100. Failing to stay above 22920 and back below 22860 could get 22820/22790/22750-22740 weak below tha

After liquidation day NF had OAIR open and could not clear PDL then had a sharp rally to yday selling tail to complete IB then all day spent inside IB range and settled at dVAH. Normal day with heavy volume. Short covering auction. Volume heavy. Buyers need gap / drive else overlap back to 22730/22670 bounce and weakness if stays below 22670 for 22630/22590/22550 bounce else more weakness below 22530. Failing to stay lower below 22650 and back above 22720 could get 22770/2282

After 3-1-3 on 22/10 expected a move away day. they had a higher open failed to hold higher and gone for PDL then got clean extn down and then closed above dPOC. Large selling tail and long liquidation day. Outside day. Volume even better than prev session and highest for the month. Swing likely to get 22350/22225/22050 as mentioned in commentary. Negation at 22820 for the view and once we move below 22350 negation moves to 22700. For next session, 22680 res to have overlap d

DD down last session moving below 22780 expected volatile move today..22865 marked as res. We had a gap down then bounced to 22820 failed and came down almost to low then all day spent two way move then settled above dPOC. Bookish 3-1-3 profile with tails at both ends. Likely to move away from today range soon for a trending move. For next session, sustain value area then trend else fail at extreme of value area and move to other end. Move above 22750 in next session could te

NF opened higher and got drive but failed to sustain drive and gone for PDL swipe then large extn down..closed with dPOC skew down in lower disbn. Double disbn down trend day with decent volume. Moving below 22780 back into monthly balance is weakness. Odds for some volatile moves in next session as we have bell balance lower and that POC held today. And 4days of failed structure (back to back short covering then back to back liquidation days) upside. So, to resolve direction

Back to to back short covering profile by end of last week for NF. It opened above PDH on Monday but could not sustain and quickly moved down to 2days VAL zone bounced and again failed at PDH zone and all day spent lower and cleared PDL finally then closed at low. Outside day. Long liquidation auction. dPOC skew down and closed at dPOC. Sellers next need to follow through down once done should defend POC else odds for filling value area and test selling tail odds. Levels wise

After P profile NF had a higher open had a drive down open failed the drive then moved up and ended up as another P profile at dPOC. Failing to stay below 22900 and move above 22960 expected to get 23040 then till 23145 which they did. Back to to back short covering profile. Large DP buying tail. Swing wise 23150-23200/23300/23400/23650 odds expected and NF seems getting ready for this with first probe done at 23150 .Negation for the view moves to 22780 from 22670. For next s

NF had supply in system at close in last session. They expected to hold below 22700 for follow through.. Above 22700 for for 22765 no rejection means squeeze expected for 22890 then till 23040. They got drive at open with volume above 22700 and all day had relentless squeeze to get till 23095 then dropped and closed at dPOC. Large buying tail and large short covering auction. 22850-22900 intra support next and 22780 solid swing support for the week/month. If 22780 goes means

NF had a large spike up close in last session. Not able to stay above 22870 expected drop to 22760 fill inside else 22720/22680 expected then below 22670 marked for 22630/22580/22550. NF opened lower and was stuck between 22820-22720 then later moved to 22580 then bounced and closed at dVAL. Negated spike low of last session and cleared POC. Double disbn down day. Supply seen in tape today and holding below 22700 they could push for overlap down in lower disbn and later follo

Sellers needed to stay below PDL else back to VAH and tail test expected and they failed at open and moved to tail zone then after balance cleared PDH as well as weekly high then closed at high. Large buying tail and short covering day. Large spike up close. 22675-22765-22879 spike zone. Stay above spike = more bullish and failing to do so could go for filling spike zone all day. Levels wise not able to stay above 22870 could drop back to 22760 and fill in between and later s

NF had a short covering profile and buyers needed drive/gap fails means VAL/tail expected..They got higher open above PDH failed and got open test drive down into value area and tested VAL and tail fully. Below 22580 marked for 22490 then 22365 and they got this move till 22370 then settled lower at dPOC. Large selling tail. Long liquidation auction. dPOC skew lower and closed there. Sellers need drive down and once done defend POC else back to VAH and tail test odds next. Le

NF started the last session with straight drive above strong res 22400 and then stayed higher all day.. Above 22420 marked for 22550 and they even cleared PDH 22610 then settled at dPOC. Large tail and short covering day. Closed at dPOC with secured high.Buyers need drive/gap up else retest of VAL/tail at low odds. Levels wise above 22680 could get 22720/22760 then above 22770 could probe 22810/22850/22900. Or not able to stay below 22470 and back above 22540 could get 22580/

NF opened below NE down day and started moving down via drive then all day stayed down as trend day then closed at low. Below 22580 expected move till 22490 then 22360/22280 and all this got probed today. Triple distribution trend day down closing at low. New low for the year marked today. Selling was quite orderly done today and not expecting to clear res zones of today profile to be cleared soon unless any positive event happens. Looking for more weakness below this profile

NF opened lower and could not sustain below PDL and gone higher and could not sustain in value then came down back to PDL and closed below that. Failed auction at top. Neutral extreme down day stopped one time frame up. Support 22650 clearly broken suggests pullback done and likely to probe down to 22520-22480/22420 zone as discussed in commentary. Levels wise for next session. holding below 22670 weakness to test PDL and could stay down below 22580 for 22545/22510-22490 boun

3-1-3 profile failed to accept and pushed away at open via slow drive then all day remained higher and closed at dPOC. Short covering profile with dPOC skew and closed there..Buyers need drive/gap and once done need to defend POC all day else test VAL and tail and then ovelap or move down further. 2nd day of one time frame up. Weekly res zone 22800 getting cleared..Likely to have slow skew move towards 22900/22980/23040-23080 then could do large pullback later next week. For

3-1-3 profile with tails at both ends and all day balance between tails and closed below dPOC. Staying above 22665 could get 22705/22740 reject else 22780 then decide..If stays above 22790 comfortably then 22825/22860. Failing to stay above 22740 and staying below 22660 could get 22625/22585 bounce else weakness below 22580 for 22545/22510/22480. Charts and data :

Failed auction at top and neutral extreme down day on Wednesday close and seen committed supply in tape with incomplete auction ast low. Considered weakness below 22690 for a move till 22440. Supply got a clean day to get a move till 22320 then gave up the pressure to allow a close above dPOC. Failed trend day on high volume. 2026 low marginally saved. Good sign for temp bottom in place with tail and close above dPOC. Two scenarios for next session a) balance between 22420-22

22825-22860-22890 expected overlap auction as long as 22785 holds and above 22920 expected upmove. They did this overlap via OAIR in first session then pushed above above PDH 22920 only to leave tail then came down and cleared 22785 which got spike down close at low 22700. Failed auction at top and neutral extreme down day. Outside day. Spike down close. 22776-22690 spike zone. Staying in/below spike weakness..If stays above spike high bullish. Supply seen at top today and co