NF has printed neutral day with FA at low in previous session and buyers were in clear control by close after negating 21st imbalance down move. It has left weak high and holding above 13720 probe was to move higher in next session. We had a clean gap up above PDH at 13810 zone today and probe higher was for 13850 then above 13865 move was for 13890-13910.NF had a sluggish move all day slowly to reach this 13890-13910 zone and finally closed above dVAH..
NF had 3rd day of one time frame up. Gapped up, left buying tail and got higher value with close above dVAH..All this info suggests buyers could look up further higher. Today's gap+tail good support for the week if they are planning for a next leg from here. We got extension handle too on daily today.
Narrow range and quite lower volume day and its acceptable considering the seasonality of Dec closing. But today's late auction left poor value area on such low volume day. Better for buyers to move away from today's value early in the session to avoid repairing poor value area.
Today's auction opened a probe for 14100 for the week with negation as of now at 13800 roughly. Could be slow and sluggish move to get there.
Price wise, 13860-13850 support zone tomorrow to get a move above 13905 for 13940-13955 if sustains then 13995-14010/14050/14100 probe possible..
Failing to sustain above 13920 and back below 13860 could test 13825-13810 and weak below 13800 for 13750/13720 and quite weak below 13710 for 13650.
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