NF closed with spike down in last session. Opened at PDL then could not sustain in spike and started accepting above spike high which resulted in all day short covering auction then closed at dPOC.
Short covering P profile. Sustain above this profile for rally else go for overlap to test VAL then tail/PDL and stays below it then decide next session.
Auction was mechanical at 22705 then 22750 today..As long as not staying above this P profile, likely to get repair of these zones next.To avoid this, buyers need to get drive/gap and then sustain above value all day next.
Levels wise for next session, move above 22790 could get 22820/22850-22870 if sustains more bullish towards 22930-22945. If fails to stay below 22710 and moving above 22760 could get 22790/22820. Not able to stay above 22820 and move below 22775 could get 22750 weak below that for 22725/22695 if sustains 22690 then 22655/22630/22600-22590 doable.
Charts and data :
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