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Gap up and short covering day with incomplete auction at high in last session.26160 marked as support and 26260 as res. They had a gap up but failed to hold and back into P value tested 26165 then bounced and rejected at 26260 then closed at dVAL. 3-1-3 profile with tails at ends and balanced value area. Sustain value area = trend else overlap in 2days value area and look for extn other side. Low volume day. 2days of value above gap now. 26160 support zone and 26260 same res

Back to back days buyers had inventory with them at close and they got large gap today and gone for tight range lower volume day holding gap all day. Gap up and buying tail. Short covering day. Auction incomplete at high. Holding 26160 odds to look for range extn higher towards 26235 pause then 26260-26280 probe. Tough to clear this zone straight and could pullback and balance. Later stays above 26280 means 26310-26320 if sustains spike to 26360-26375 odds. Not able to stay a

4th day of one time frame down with close at dPOC for NF on Thursday. Observation was that inventory wise buyers there in auction at close. Above 25980 squeeze expected to get 26010/26040 which they done quick at open till 26035 then gone for all day balance and ended at high at 26040. Short covering narrow range day stopped 4days of one time frame down. Buyers added more inventory in last session. As long as no acceptance below VAL odds to move higher. If stays below VAL or

Long liquidation day with heavy poor low in last session. 25850 marked as support. They cleared that at open. Below 25850 probe marked for 25825-25815/25775 they moved till 25800 then bounced higher. 25965-25980 marked for pullback but they completely reversed morning move from this zone to get PDL then closed at dPOC. 4th day of one time frame down. Inventory wise buyers there in auction at close today. DP tail top and clean buying tail low with poor value area. So, no accep

Long liquidation day in last session. 25980 marked as res. They whipped this at open via drive then drive failed quick at open itself which pushed down till 25860 then ended up closing above dPOC. Another long liquidation day. 3rd day of one time frame down. Heavy poor low. Drive or gap could only clear this low else this low could act as launch pad for sm squeeze higher in next session. Such low is sign of heavy exhaustion hence get initiative move is context. If that happen