After a solid bullish neutral center 3IB up outside day on expiry day, next session on Friday NF gone for narrow range normal day + inside day closing below dPOC.
Not able to push above 24865 early next session could get sm minor liquidation down then back in value area could move higher.
Swing wise 24560-24600 support band to look for 24890/25010/25100-25150/25250.
Levels wise for next session move above 24835 could get 24860/24895-24905/24940/24980-25010 if sustains 25050/25100/25150. Not able to stay below 24660 and move above 24725 could get 24760-24780/24820/24860.Not able to stay above 24890 and move below 24820 could get 24780/24730-24720 weak below that for 24680/24640-24620 bounce else further weak below 24600 for 24560-24540/24510-24490/24450/24420.
Weekly :
It was higher value week and 24250 considered as pivot for the week. As long as holds this, upside expected towards 24390/24460-24480 reject else 24560/24630/24700 if accepts then 24800/24900 marked as probe. NF started the week at open pushing below 24250 to get 24170 then bounced and stayed higher above 24250 to get 24480 at start of week itself then remaining week moved towards 24630/24680 first then 24900+ later then ended with dPOC skew and closed around there.
Second week of one time frame up with bullish close. Staying above 24560, balance and skew higher towards 24890/25010/25100-25150 pullback then later 25250/25350 odds. Not able to stay higher above 24865 and clearing 24720 could make one test at 24660-24620 zone bounce extreme case 24560 test bounce odds. Below 24560 could get 24460/24380-24360 bounce else 24260/24175/24100.
Monthly :
Nov closed with dPOC skew higher. So, buyers had to get early push higher in Dec first week holding 24250. Upside marked towards 24450-24500 reject else 24650/24800/24900 then rejection considered. They started this move early in Dec to get 24900 and they reached there with higher volume day so odds for sm balance and skew higher still possible for Dec before doing any mean reversion. 24400 pivot now for Dec to look for balance and skew higher towards 25050/25200/25350 then pullback odds. Below 24400 daily value calls for 24200/24050/23850.
Charts :
Daily
Weekly
Monthly
Data :
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