NF got large gap and had a ORR down then attempt to clear and sustain above IBH failed which came down to clear IBL then closed at dVAL at close. It has probed weekly obj upside 23950 and almost next obj 24040 then stalled. Swing support moves to 23625 for the week to look for balance and get 24060/24160-24200 next. Large gap day. 3-1-3 profile with balance and tails at ends. Neutral day closed at dVAL. Move above 23950 could get 23985/24020 fails and back below 23960 means o

NF had a gap down got open auction then bounced to get 3IB move..Then failed to sustain and negated up move by closing extn handle then closed at dPOC. Failed double disbn day. Selling and buying tails. 23120 support and 23265 res for next session. Could fill this zone if opens inside this range. Above 23265 could get 23295/23330 if sustains squeeze for 23365/23395/23440/23480. If stays below 23100 slow liquidation towards 23060-23040/23010/22980/22945. Swing short probed 231

NF had a large gap down failed to get follow through down after such gap then gone for gap close..Failed to stay above IBH after gap close and gone for IBL swipe then closed at day low. Neutral extreme down day. Large gap from Apr fully closed. Sellers need to stay below 23260 for next session and clear PDL then we could have liquidation..Failing to do so and accepting 23260 calls for value area repair and test of selling tail then decide. Swing short moved to test 23180 and

3 IB double disbn up day in last session with dPOC skew higher..Staying below 23550 considered weak and more weakness expected below 23430 for 23330 then spike till 23225. They opened lower below 23550 and got drive below 23430 to get 23225 swipe then failed the drive and gone for IBH swipe into close and closed at IBH zone. Neutral extreme up day with heavy volume and lot of inventory adjustment again happened today. Volatility likely to increase. Quite poor structure profil

3IB down NE down outside day for NF in last session. They gone for drive staying below PDL early in the session. Considered weak below 23710 for 23630/23550 which they got in mid session but buyers failed to respond and stayed below that pushed to get next weekly obj 23460 at close then ended at low of the day. Large selling tail. Trend day down after outside day. Buyers not showing up to push this above 23580 could lead to another leg down early in next session to complete f

Double disbn down long liquidation day for NF on expiry day. NF had a open below PDL and got open test drive up then failed to sustain above IBH and slowly moved back to morning low then closed at dVAH. Bell balanced profile closed at dVAH. As said in closing commentary,supply seen in tape and they get squeeze above 24060. If they dont get squeeze then probe is towards 23820. As long as staying below 24980 they could get follow through down. Move below 23910 could get 23870/2

Long liquidation profile for NF on Thursday. Above 23720 expected to get 23805/23850/23890 they got 23850 then stayed in range and towards close got liquidation to test morning tail then bounced at closed at dPOC. Short covering profile closed at highest point of week and also at upper end of 9days balance. Buyers need drive or gap and once done defend 9days range to remain higher all day. Levels wise above 23810 could get 23850/23890/23935 pause later staying above that coul

dPOC skew higher into close in last session. If gaps up then expected to hold POC else value area repair expected. They got clean large gap but could not sustain open and gone for gap close quick then accepted below POC which lead to liquidation almost towards VAL then remained inside value area of last session mostly then closed at dPOC. Long liquidation profile with poor value area. dPOC skew down close after negating trend day POC and VWAP = weakness. Staying below 23720 l

23580 marked as support for today's session and staying below that move expected to get 23460/23360/23325 and weekly time frame marked 23360-23325 zone to get bounce. They had a gap and drive below 23520 and probed 23345 then bounced all day back higher to close gap then closed at upper disbn of the day. Short covering double disbn up day. Skewed upper disbn with dPOC up in upper disbn. Buyers job to defend 23600 and drive up or gap up and once done never accept below POC 236

FA Low + Neutral center + DD up day for NF on 14/05. Not accepting below 23650 expected balance between 23650-23700-23750-23780 and above 23810 marked for 23840/23890. this they did in IB with some balance then probe of 23850 then gone for balance again.Towards close gone for closing extn handle of prev session then closed below dVAL. 2nd day of one time frame up and 12/05 gap at 23850 closed. Extn handle of DD up day from 14/05 also closed and rejected from lower disbn upper

Gap down and trend day down in last session. 23520 marked as res. Not able to stay above this and moving below 23460 expected 23385 then 23345/23310 and NF done this quick at open to get 23320. Failing to stay below 23340 and back above 23420 expected 23520 which they did also quick failing open drive down then all day gone for quite a whipping balance then closed at dPOC. DP buying tail and selling tail with two way balanced profile. 3-1-3 profile. Sustain value area = trend

NF closed as neutral extreme down day in last session and got another gap down and drive down open today with volume. No bounce from 23765 means expected 23675 then 23550 and they got this by mid session. Later got another clean extn down which lead to more liquidation till 23400 then closed with dPOC down. Gap down day. Trend day as well as 3IB down day almost. Lot of supply seen in tape today. As long as we stay below 23520 likely to stay weak. Levels wise, above 23520 coul

NF had a neutral extreme up day with spike up close in last session. 24420 marked as immediate support failing to hold expected weakness for a move till 24320 which was marked as next good support. NF failed to clear PDH and dropped below 24320 at open to have open auction which tagged 24320 then bounced sharp.After clearing PDH dropped back sharp in yday range then got good balance and closed at dPOC. Neutral center day. Failed extension above 9days balance and closed at dPO

NF had a gap up and got drive to 24380 and could not clear weekly res and all day fell back to weekly support 24100 left a tail and bounced and closed at dPOc. Long liquidation profile with secured ends. 24140-24100 support zone and 24220-24260 res zone tmw and if we open inside this zone then some balance odds and later stays above 24260 means 24300/24335/24370 if sustains PDH 24380 then 24420/24470 odds. Swing wise holding 24100 as support could move higher to 24300/24420/2

If NF moves below PDL then expected another liquidation session and Friday they gone for this then closed at dPOC. Large selling tail and long liquidation profile. 3rd day of one time frame down. Sellers need to stay below VAH else could grind in selling tail and later moving below VAH could fill back value area. Levels wise above 23985 could get 24020/24060 pullback else 24120/24150-24170 reject else squeeze to 24210/24240 tough res to clear..If sustains 24265 then 24305/243

Short covering profile in last session and buyers needed to defend 24550..they opened below this and supply came in early..Below 24480 expected move towards 24445/24415 then 24380/24355/24325 marked down side and they did this entire move in IB itself then bounced and balanced all day then closed below dPOC. Selling tail. Lower value in last session buying tail clearing PDL. Weakness. Supply of today could control auction staying below 24470. Levels wise not able to stay abov

NF had a gap up failed to hold and got drive down and failed to stay below POC.. then failed the drive and got clean range extn higher above PDH but post mid session met with liquidation and closed below dVAL. Short covering profile closed below dVAL.. Supply needs to stay below 24370 next session to get PDL swipe if sustains more downside odds towards 24230/24195-24180 then solid bounce else more weakness towards 24140-24120 again good zone to hold..If stays below 24120 then

NF had a low volume narrow range day in last session.Supply expected to get squeeze above 24300 towards 24375 which they did right at open and failing to stay above 24370 and back below 24290 expected to get 24240/24200 bounce else 24160/24120/24090 marked. They gone for this move straight after open till mid session to mark 24120 then bounced and closed at dPOC. Outside day with selling tail. Good swing res now for Apr. Double distribution down long liquidation day. 24220 i

Large gap and short covering day in last session.23920-23960 marked as support. They opened lower below this band then got drive up and later quickly failed drive and cleared this band which lead to PDL swipe. then all day they could not stay above this band and then made one more new low then closed at dPOC. 3-1-3 profile with tails at both ends and two way balance in between. Sustain value area = trend else move to other end of value area and look for extension that side. 3

Almost a trend day with spike down close for NF on 27th..They had a gap down in last session and bounced with drive which got failed quick. Staying below 22495 marked for 22385/22290-22275. Open had whipped at 22495 then later after drive failure they had good balance and moved down till close in second session towards 22290 then closed below dPOC. Gap down and selling tail. Long liquidation day with spike down close. 22440 spike high. For next session 22420-22440 support and