Inside day and short covering profile. Market has gone to untradeable mode with tempo/range and volume. Lowest volume in the year registered today with just 11L for entire day. Not able to stay below 24620 could bounce to 24660/24690/24720. Not able to stay above 24720 could drop to 24665/24630-24620. Major weakness any only if stays below below 24585 for 24550-24540/24510. Major squeeze/rally only above 24760 for 24800/24840-24860. Swing short view am scratching with such ma

Gap up and 6th day of one time frame up. Another short covering day with poor volume. Its series of P profiles in this run so straight 4 sessions..Soon buyers need a clean trend day or DD day type auction than such short covering profiles as we have almost reached yearly profile large HVN zone around 24750. Failing to get such auction other than just P profiles usually brings in one clean liquidation break day then we may go in for large balance then could continue further mo

NF clearing 24380 expected to get 24470 which they did in last session and closed at dVAL. 5th day of one time frame up. Another short covering day with poor volume. Poor high. 24395-24420 support for next session. Holding this overlap higher and clear PDH odds and above 24490 upside could continue for 24520/24560/24605 and above 24625 odds for 24660/24695-24710 odds. Failing to stay above 24520 and back below 24460 could get 24430/24400 weak below 24395 for 24360/24325/24295

NF stuck inside value area in first session then got a spike in mid session to get range extn higher failed to sustain and pulled back to VAH then closed at dVAH. 4th day of one time frame up. Another short covering day with poor volume. 24290-24300 support and holding this fill upper quad next and clearing 24380 could get drive to 24420/24460-24470 pause and balance and later clears 24480 means 24520/24560/24605 odds. Not able to sustain above 24470 could pullback and balanc

NF had a large gap then drive and cleared last week high then closed at dPOC. Gap up and buying tail session. 3rd day of one time frame up. Short covering auction. No data back up from buyers at close. They need initiative move to get drive or gap up else fill back in gap zone odds next. Levels wise 24260 support and holding that then clearing above 24360 could get 24395/24430/24470 and sustains 24480 means 24520/24560 odds. Not able to stay above 24380 and back below 24300 c

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

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

Gap up and neutral center day in last session. Sellers needed early follow through down holding below 24365 instead stays above 24365 then expected 24395/24430 then 24460/24490/24520. They got a drive up to 24460 early in session then later had a good grind to get 24515 then dropped from there then closed at dPOC. Large buying tail and short covering profile. Buyers need drive up or gap up then defend POC all day next. Else overlap and test buying tail odds. Levels wise 24445

Long liquidation day in last session. 23980 marked as support and 24090 expected fill in this and above 24090 marked for 24125/24160. They failed to stay below 24090 and bounced to 24090/24125 then remained in tight range all day then closed at dPOC. Short covering auction with buying tail. Poor high. Buyers need drive or gap up and once done not accept in value area if does then fill value area and test tail zone.Acceptance in tail is weakness to clear PDL. Levels wise not a

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

FA low inside day for NF in last session and staying above 23950 expected a move to 24060 then later 24090/24120 expected they got drive to 24090 then ended as tight range session all day to close at dPOC. Short covering day. dPOC skew higher and closed there. Defending 24050 NF should get drive up or gap up and stay higher next to move above 24120 to get 24160/24200/24250/24290. Failing to stay above 24120 and moving below 24050 first sign of weakness to get 24020 goes means

Neutral extreme up day with poor structure profile in last session and expected retest of 23320 before any rally and they had this at open itself then all day gone for repairing yday profile then closed at high. Short covering profile. 3days POC 23360 offering solid support since yday on pullbacks. Becomes good swing support for entire month now. Buyers next need drive/gap up and once done never come below 23480 if accepts there then test of 23440/23360 possible and that goes

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

NF had neutral extreme down outside day. 24140 then 24210 marked as res. They got drive up clearing 24210 early in session. Marked move till 24390 upside and they moved till 24450 then late buyer got liquidation moving down to dVAL and closed below it. Short covering auction negated FA top from previous session. Today's initiative buyers zone 24200-24220 and 24285-24320 res from today supply..Could be messy in between this zone and whichever side gives up could get good move

Supply had to stay below 24370 today else 24410-430/24470 expected then squeeze for 24530/24560/24600 marked upside.They had drive straight above 24370 today to get 24530/24560 quick then all day had tight balance to probe 24600 towards close then settled above dPOc. Short covering profile closing above dPOC. Large buying tail. Buyers next need to defend 24550 zone and look for drive higher or gap up.If this happens then upside is open for 24640-24650 if sustains 24685-24710/

NF had a open test drive up from PDL failure and moved up straight to close extn handle of previous DD session then spent all day in tight balance then closed at high. back to back outside days with with poor volume. Spike up close. Buyers need to hold above spike high or better get gap to start next course of auction. Failing to do so could rotate back to VAL zone and stays below that means liquidation to test tail at low and PDL zone. ref hypos in plan below for actionable

NF had a large gap down below 3days range and could not sustain below open range low and cleared IBH then gone for short covering and closed below dPOC. Double distribution short covering profile. Buyers need drive/gap above this DD else such skewed upper disbn could calls for filling between value area to repair poor value area. Levels wise, move above 23950 could get 23995/23040 reject else 24070/24120 and above 24140 if sustains 24180/24225 reject around else spike to 2428

3-1-3 profile got follow through higher open on Friday. Considered bullish above 23910 for 24020/24060 then rejection expected and they gone for this move in IB above 23910 till 24080 then stayed in balance all day.Towards close got clean whip downside below VWAP then closed with new high. Short covering profile after 3-1-3. Unless we get drive/gap up, odds to have balance in 3days range again.No inventory back up from buyers at close despite closing at 3days range high. Aft

Till last session it was pullback after large sell off in Mar..But with gap above 23500 today, reversal happened. Large gap and tail then short covering day. 23920-23960 sealed now. As long as this holds, NF could have slow grind higher move towards 24225/24300/24390/24500/24600. This may either straight or with 2-3 days balance mode. Intra for next session above 24095 could get 24140/24180/24225 pullback later above 24235 could move to 24280-24290 pause if sustains 24335/243