Long liquidation day in last session. Considered weak below 24150 for 24080 no bounce means expected 23965. They gone for this move today with a probe till 23945 then settled at dPOC. Another long liquidation session with selling tail. NF cleared multi day low today.If buyers not show up next session then another liquidation move odds. 24050-23990-23950 likely to overlap if opens flat and above 24060 could get 24090/24120 reject if stays above 24140 then 24180/24215 and more

NF had dPOC skew higher at close in last session and failing to get drive up expected to have overlap in last two days value area.NF done the same all day today then closed at dPOC. Failing to stay above 24290 and back below 24260 expected to get 24180/24135-24120 and they got this probe today. Long liquidation day with selling tail. 24225 res and holding below could do overlap between 24220-24180-24150 weak below that for 24125/24090-24080 bounce odds else more weakness towa

After a inside day marked 24160 as res and above that move expected to 24220 then 24280/24330. They got drive to get 24280 then gone for tight range auction then got final hour push to 24330+ to get weekly high and closed higher. Short covering double distribution day with decent volume which makes large buying tail of the day as good swing support now. 24270 good support next session and as long holds that odds to have overlap higher in second disbn of the day and above 2438

Failed auction at top and NE down in last session and marked 24120 and 24160 as good res to push down else 24190/24230 marked upside. They accepted 24120 and got open auction and probed 24220 then came down all day to get IBL swipe then closed at dVAL. Another FA top and neutral extreme down day. Double print buying tail low. Inside day. Seems another overlap day odds.Same 24160 res and accepts means 24190/24220 if sustains 24230 then 24270-24280/24330. Failing to stay above

Short covering profile with poor structure and no backup from inventory in last session. Below 24180 marked for a move to 24060 then 24020/23990. They opened lower and failed to sustain above IBH and all day stayed down to get 24020 then closed there at low. Long liquidation day. dPOC skew lower into close. Failing to sustain below PDL could go for overlap in value area and test VAH and PDH zone then fails to sustain higher means could rotate down again all day. Swing short e

NF had a large gap down but failed to get follow through down and got open rejection reverse then trend day which closed as failed trend day short covering profile at dPOC. Short covering profile with tails at both ends and dPOC skew higher. Buyers need drive/gap up failing could look for overlap poor value area repair auction. Entire move today was mechanical without volume and inventory backup. If buyers are committed they need to defend 24180 else either straight or via ch

NF closed as NE down day on Thursday. Expected 24120 tough to clear straight. But they opened above this level and got drive up to mark IB then all day tortures with tight range then closed at dVAH. Short covering profile with tails at both ends. Extn handle of 08/07 got cleared so its job of buyers next to get follow through higher to get high of that day after such tight session else liquidation possible next. Levels wise, above 24270 could get 24300/24330 if sustains 24365

After having 5IB down day NF today at open itself started driving up above res band 24000-24040 with volume into extn singles of last session. It probed upside obj till 24110 then got one whip to clear 24150 then rejected with tail then gone for tight range all day and closed lower at dVAL after swiping morning low. Selling tail and neutral extreme down day. Balanced profile in extn singles..Sustain below this profile is weakness and acceptance in value area = overlap odds an

Neutral and double disbn down day for NF in last session. Staying below 24030 expected 23940/23885 and they gone for this via drive then all day whipped all over inside IB range mostly then got new low into close then closed at dVAL. Selling tail and long liquidation day closing at dVAL. 24090 res 23980 support and 24040 pivot next session. Fill inside this odds.If stays above 24090 could get 24125/24160 no rej means 24200/24235 and once stays above 24090 should not accept be

NF opened higher above failed trend day..Above 24120 marked for a move till 24290/24320. They had a open auction defending 24120 then moved to 24280 then failed to sustain and gone for IBL swipe then closed at lower quad. Neutral extreme down. Solid selling tail kind of excess top with weakness at close to get follow through down further. Levels wise, open inside range means 24180-24110 fill and weakness below 24090 for 24060/24020/23985/23950/23920 if sustains 23885/23845 po

4IB double distribution down long liquidation day in last session. 23890-23930 marked as res to look for balance in spike zone and they did this via quick two way auction in IB period but could not stay below PDL. Above 23930 marked for 24010 no rejection means expected 24060 and they gone for this via trend day then ended as short covering profile then closed at dPOC. Failed trend day closing extn handle of last session then turned into short covering profile with dPOC skew

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