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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

Short covering day with dPOC skew higher in last session. Buyers needed gap/drive and they didnt get that insteady opened lower in buying tail. Marked weak below 26020 for 25980-25965/25925. They gone for this entire move all day. Long liquidation day. Staying below 25980 could overlap and move down towards 25890-25880 bounce else more weakness to get 25850/25815 and further weakness if stays below 25805. Not able to stay below 25890 and back above 25935 could get 25965-25980