After 3-1-3 on 22/10 expected a move away day. they had a higher open failed to hold higher and gone for PDL then got clean extn down and then closed above dPOC. Large selling tail and long liquidation day. Outside day. Volume even better than prev session and highest for the month. Swing likely to get 22350/22225/22050 as mentioned in commentary. Negation at 22820 for the view and once we move below 22350 negation moves to 22700. For next session, 22680 res to have overlap d

NF opened higher and got drive but failed to sustain drive and gone for PDL swipe then large extn down..closed with dPOC skew down in lower disbn. Double disbn down trend day with decent volume. Moving below 22780 back into monthly balance is weakness. Odds for some volatile moves in next session as we have bell balance lower and that POC held today. And 4days of failed structure (back to back short covering then back to back liquidation days) upside. So, to resolve direction

Back to to back short covering profile by end of last week for NF. It opened above PDH on Monday but could not sustain and quickly moved down to 2days VAL zone bounced and again failed at PDH zone and all day spent lower and cleared PDL finally then closed at low. Outside day. Long liquidation auction. dPOC skew down and closed at dPOC. Sellers next need to follow through down once done should defend POC else odds for filling value area and test selling tail odds. Levels wise

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

NF had a short covering profile and buyers needed drive/gap fails means VAL/tail expected..They got higher open above PDH failed and got open test drive down into value area and tested VAL and tail fully. Below 22580 marked for 22490 then 22365 and they got this move till 22370 then settled lower at dPOC. Large selling tail. Long liquidation auction. dPOC skew lower and closed there. Sellers need drive down and once done defend POC else back to VAH and tail test odds next. Le

NF opened below NE down day and started moving down via drive then all day stayed down as trend day then closed at low. Below 22580 expected move till 22490 then 22360/22280 and all this got probed today. Triple distribution trend day down closing at low. New low for the year marked today. Selling was quite orderly done today and not expecting to clear res zones of today profile to be cleared soon unless any positive event happens. Looking for more weakness below this profile

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

23050 expected to be a temp bottom and that goes means expected 22850 and they cleared 23050 via drive and probed 22850 today. Large selling tail and long liquidation auction with relatively higher volume. 22885-22900 res for next session and as long as staying below this could fill between 22800-22850-22900. Above 22900 could get 22935/22965/22995 reject extreme case 23030-23040 odds. If stays above 23065 then 23095-23110/23140-23150. Weakness could continue below 22780 for.

NF failed to sustain above 23150 in first session and gone for overlap in lower disbn of prev session for most of session then got squeeze up in second session above IBH then closed in upper disbn. Inside day. Double distribution up neutral extreme up day. Failed auction at low and selling tail. 23125 support for next session. 23230 res. If opens flat possible to fill this zone roughly and later above 23235 could move to 23265/23295-23310 reject and could take sm time to acce

NF opened with gap below yday buyers band zone of 23420-23440 and gone for drive down then stayed down all day to close at low. Gap down and selling tail. Double distribution down trend day. Volume relatively better in two months. Today's extn handle zone clean res for next session. As long as that zone 23190 holds odds to move down further. If that goes means then new range of balance for few sessions before next leg down odds. Solid reversal only above 23350 for the month n

NF could not get follow through from Friday Supply and cleared 23440 res today at close to get 23475 then closed at dPOC. 3rd day of one time frame up and value in selling tail of 15/09. Weakness any only below 23380 to get 23350/23315/23285/23250. Not able to stay below 23410 could bounce to 23450/23480 squeeze above that for 23510/23540 balance later 23575/23605/23640 possible good res there if accepts then spike higher odds. Chart and data :

NF left a poor low at previous 3-1-3 profile POC zone and spent all day in balance then towards close swiped PDH and then settled at dPOC. Supply seen at close and if they get follow through down below 23350 then 23320/23285 bounce later 23250/23220 odds if sustains then 23185/23140-23125 possible if stays further then spike to 23080/23040-23020 odds. If fails to stay below 23290 and accepts 23350 then 23390/23425 later above 23440 squeeze to 23480/23520/23580 possible. Weekl

NF failed to stay below VAL and got drive up early in the day to clear PDH then could not sustain higher and all day gone for balanced auction then settled at dVAH. 3-1-3 profile with tails at both ends and balanced profile. 23250 support - 23310 pivot - 23390 res for next session. Could fill inside this zone if opens flat. Levels wise failing to stay below 23270 and move above 23310 could get 23340/23365 above that could test 23395 reject else 23440/23480 odds. If stays abov