Daily report

Short covering profile after stopping 6days of one time frame down for NF in last session. Expected overlap between 25670-25735-25765 and considered trend below 25670 with 25710 as res to get 25625/25595/25565/25525. They got this move straight as drive at open and travelled till 25555 then bounced accepting in value area of last session. Above 25745 marked squeeze for 25770/25805/25840 and they got this move till close then closed at high. Outside day. Neutral extreme up day

6th day of one time frame down for NF in last session and staying below 25660 was looking for lower balance test of last session. Above 25675 expected move to 25735/25765. They cleared 25675 in IB to get till 25745 then stayed in tight range and closed at dPOC. Short covering profile. Stopped 6days of one time frame down. Buyers seen from lows today and defended well all day and also seen profit booking/supply from top closing with dPOC skew down. Odds to have overlap between

NF had long liquidation auction on Thursday.25675 marked as res. Considered weak below 25590 for 25535 and below that expected 25450-25435. They opened with gap below 25535 and gone straight to 25435 then bounced all day to close gap and then closed above dVAH. Lower value day closing above dVAH. 6th day of one time frame down. 45degree move away from dPOC with skewed upper balance + poor value area with anomalies in profile. Not able to get drive up/gap up calls for mean rev

Double distribution trend day down for NF in last session. Staying below 25765 expected 25650-25635/25605. They pushed above 25765 at open but could not sustain that drive and cleared low of open as well as PDL quick which pushed down to 25635..Bounced from there by mid session which failed to stay inside last session range and got 25605 for close then closed at dPOC. 5th day of one time frame down. Long liquidation auction. 25675 immediate res and 25720 strong res for next s

Short covering profile with good tail for NF on 03rd close. Defending 25860 expected balance in value area and considered weak below that for 25825/25780 then liquidation towards 25730/25690 marked. They had a open test drive down clearing 25860 early in session and got straight 25790-25780 early then later started accepting below 25780 to get 25690 by end of the day then closed at low. Double distribution trend day down closing at low. Weakness and auction incomplete at low.

NF had a long liquidation session with dPOC skew down at close with advantage sellers on Friday. Below 25885 marked for 25850/25815/25780 then bounce expected. They had a gap down and probed 25800 then bounced which could not clear days res zone 25950 and then all day gone for balance then closed at dPOC. Short covering profile after wide long liquidation range last 3 days. 3rd day of one time frame down. Clean buying tail today marks good swing support. Defending 25860 zone

NF had a solid long liquidation session on Thursday. Observation was that auction was incomplete at low. Upside 26100-26120 marked as res. Downside marked for 25950/25905/25885. They had a open lower below PDL and bounced sharp via drive at open but could not sustain above res zone 26100-26120. Rejected there and failed the drive then moved to 25890 at close then closed at dPOC. Another long liquidation session. dPOC skew down at close with advantage sellers based on data and

NF had a short covering day in last session and marked 26165 as support for the decent buyers shown up. Failing to get drive up to clear PDH and moving below 26160 considered weak to get 26105 bounce else expected probe of 26060/26035/26005. They got a volume based drive down below 26160 and moved straight to 26020 by end of IB then all day had a balance holding morning tail top then closed below dPOC after making new low below IBL. Solid long liquidation session. Good sellin

Long liquidation session in last session. 26145 considered as pivot. At open via OAIR got whipped around 26145 then moved to PDH and above 26230 marked for 26265/26290 they got 26280 then closed above dPOC. Short covering day. Buying tail and some decent buying happened today. 26165 support for them tmw. Better they get drive or gap up. Failing to do so could retest 26165 zone and not able to stay below and back above 26215 could get 26240/26275. Above 26285 could get 26310/2

Short covering day for NF in last session with advantage buyers at close. Once moves above PDH expected buyers to defend POC. they got PDH swipe at open but could not sustain and gone for a move below POC which lead to liquidation. Failing to stay above 26080 and move below 26010 marked for liquidation towards 25965 then 25890/25860/25830-25815. They got this move fully today then bounced and closed at dVAH. Long liquidation session with large tail top. Poor low. Likely to ge

NF had a long liquidation in last session and opened higher above POC of last day. No rejection at 25920 means upside marked for 25980 then 26040/26080. They had a slow drive and push for IB to get 26050 then gone for tight balance then liquidation could not sustain in tail zone.Bounced and closed at dVAH. Buying tail and short covering day. Volume was good and advantage buyers at close. they may get drive/gap up and once done should defend POC if moves far away from prev day

NF closed as neutral extreme down day with spike down close on Thursday. 26010-26020 marked as res to start the session. Not able to sustain above expected to get PDL and below 25945 marked for a move towards 25890-25880 bounce hard.Staying below 25865 expected to get more liquidation towards 25835/25800/25765-25750. They held below 26000 at open to get 25900 then bounced and later failed to hold 25880 and moved to 25750 swipe then bounced and closed at dVAL. Long liquidation

NF had a large gap and gone for balance till mid session then moved down to close gap then closed at low. Barring freak high, auction wise failed auction at top. 5th day of one time frame up. Neutral extreme down day with 45 degree move away from wide dPOC. Spike down close with 26002-25950 being spike zone. Stay in/below spike = weakness and acceptance of spike high calls for mean reversion value fill. 26010-26020 res to start the session. Not able to sustain above this coul

NF had a gap and drive after a 3-1-3 profile which probed upside obj till 25970 then failed drive to close gap. After closing gap, could not stay inside value of 3-1-3 and all day gone for good two way balance then closed at dVAH. 4th day of one time frame up. Normal day trading inside IB range all day and closed at dVAH. Buyers advantage at close structure and data wise. Staying above VAH could get PDH and then 25095-26005/26030-26040 if sustains above this weekly final obj

Triple distribution trend day for NF on 16/10. Buyers job was to scale to 25680/25720 if sustains marked a move towards 25830. Open rej reverse scaled 25680 and made a move towards 25849 then pullback rejected at 25660 and closed at dPOC. 3rd day of one time frame up. 3-1-3 profile with two way balance and tails at both ends. Failing to move beyond value area could do overlap inside value area and staying beyond value area could get trending move. Buyers need to defend 25690-

Short covering profile in last session with observation that auction was incomplete at top. Since it was volume based buying in last session odds were there for more extn higher. Drive above PDH expected to get 25520 then 25595 and they got drive and trend day to mark till 25698 then seen some profit booking to close at dVAH. Triple distribution trend day. 3IB day. Profit booking seen at close. Job of buyers to defend 25630 and move higher to 25680 if sustains 25720 and accep

NF had a outside day in last session. Sustaining above 25280 marked for 25330 then 25375/25410+. They had a volume based drive clearing 25280 at open to get 25330 then got IB extn to get 25410+ then gone for balance and closed at dVAH. Short covering profile. Auction looks incomplete at top. Volume based buying today and as long as buyers defend 25340 odds to have more extn higher. Levels wise 25380 support to get look for drive or gap to get 25495/25520.If sustains 25535 the

Large buying tail and short covering profile for NF in last session. They opened lower in buying tail zone. 25280 no bounce means expected 25250-25235 which they got in IB then stayed inside IB range and then failing to stay below IBL moved back to dVAH for close. 3-1-3 profile with tails at both ends and balanced value area in between. Staying beyond value area = trend else overlap and test other end of value area to look for extn next. 25280 pivot for next session. Holding

Double disbn day with skewed POC on wider disbn top for NF in last session. Buyers had to get drive or gap highe. They got clean drive...

Long liquidation day for in last session. Expected balance for few sessions. It has almost got inside day today filling last session...