After 7days of one time frame up NF paused for a balance and closed at dPOC. 24930 marked as support and failing to stay above 25065 expected to balance between 25065-24930-24840 and NF managed to stuck between these zones all day to print 3-1-3 profile and tails at both ends and closed with dPOC skew. 8th day of one time frame up. Same support and res for next session too.. 24930 and 25065. Staying above 25080 could move to 25150/25210/25250/25280-25320 weelly res zone.. If

Once in a year move by NF via multi day one time frame up / wide range week / elongated monthly profile to clear six months high. Last session has seen highest range after budget session and registered heavy volume too.double disbn trend day again. 7th day of one time frame up , triple disbn week and trending month. With such volume day and range, likely two scenarios a) pause and balance then start next leg up b) Accepting PDH means then no stopping and continue the run stra

Large gap up day and post gap stayed higher as trend day and ended up as double disbn trend day with dPOC skew at upper disbn. With tempo and range expansion, expected surprise move as 23850 cleared, towards 24050/24250/24450 then spike to 24550+. They did this entire move via gap and trend day today with high of 24640. 6th day of one time frame up. 24460 support and 24660 res for next session. As discussed in commentary some early signs for ST top today with profit booking s

23715 marked as support after a trend day and NF bounced from here at open for large drive then spent all day inside morning drive and got new high in second session then closed at high. dPOC skew short covering profile. 5th day of one time frame up. Drive or gap needed from buyers and 23860 support for next session. Tempo of this leg has been suggesting rally could continue if 23850 clears. They cleared that to get almost closer to next obj zone 24050. Now this zone next cle

NF opened higher above P. Above 23560 marked for 23670 pause then 23780 marked above that. They got 23670 by IB then later got extn to get 23780 by close then closed at high. Second day of gap up then followed up with large tail then stayed as trend day closing at high. 4th day of one time frame up. Tempo of this leg has been really good and it seems we are only at mid of large imbalance going on. We had a free fall from 24050-23600 in quick sessions in Sep and we are back in

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 printed another FA low today. Neutral extreme up day after closing gap. Double disbn up day closing at upper disbn. 22730 pivot for next session. Failing to stay below could bounce to 22770/22810/22840-22860 reject else above 22870 could get 22910/22950-22960/23000/23040. If fails to stay higher and accepts below 22730 then 22700/22650-22635 if sustains 22600/22550 odds. Chart and data :

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 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 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/

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

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

Expected weakness to continue below 22780 for 22665/22610 and NF had another drive down to get this at open itself then bounced to clear IBH failed to sustain and all day spent in balance then closed at dVAH. Gap down. Secured low. 4th day of one time frame down and very decent volume highest in the month. 22750 rollover zone for Oct. As long 22785 holds could do overlap auction with a bounce to 22825/22860/22890 rotate down. If stays above 22920 then could get 22955/22995/23

NF cleared poor high of last session and ended as short covering profile at dPOC close today. 23420-23440 band seen buyers and they need to defend this zone and drive higher above PDH or gap after such short covering profile. Failing to do so could test lower balance/PDL then decide. Levels wise above 23480 could get 23510/23540 pause later 23575/23610/23640. Below 23420 could get 23390/23360-23350 bounce else below 23340 could get slow grind for 23310/23285/23250-23240. Once

PDH held and gone for PDL then cleared 2days low and 3days value today then settled at dVAH. Poor high. One time frame up stopped. Clean buying tail after 4IB down move. Outside day. 23350 support 23420 res for next session. failing to stay above 23420 could do overlap between 23420-23350 weak below 23340 for 23310/23285/23250/23220. If fails to stay below 23310 or 23350 and stays above 23380 then 23410-23420 if sustains 23470-23480/23510/23540 odds. Chart and data :