NF had a FA low + NE up day with spike on 06th.
We had a open higher then all day gone for balanced profile having value in spike zone of last session with below par volume.
Advantage buyers still swing wise as long as we stay above 22460 and this value in spike good for them to look for more higher.Weakness if we stay below 22540 next session to close extn singles of 06th then decide.
Swing obj 22640/22750 holding 22460 then odds of sm time correction possible holding 22750-22800 zone as MO/Market breadth sofar in this Mar rally still in negative territory which have to cool off..
For next session moving above 22580 could get 22610/22640/22670 pullback else 22710/22740 if sustains 22780/22810 possible. Below 22510 could get 22470-22460 quite weak below that for 22420-22405 and below or not able to stay above 22640 and moving below 22595 could get 22560/22535/22510.
Weekly :
Last week closed as outside week closing at high..As it moved away from well balanced two weeks composite, staying above 22300-22340 probe upside was marked for 22520/22560. NF held 22300-22340 pivot zone on dips in the week and probed above 22600 then closed as higher value week above two week composite.
22460 good support for the week and holding that looking for slow drag moves higher towards 22640/22750-22800 then some balance as need a time correction as said above..Then staying above 22800 opens up 22900-22950/23100 for next week. Weak only below 22460 for 22405/22350/22270.
Monthly :
Feb closed as clean bell balance hence staying above 22200 Mar considered bullish for 22550/22650/22750-22800.It has probed till now 22620. Support for Mar same 22200-22300 zone to complete remaining obj and above 22800 daily value opens up monthly obj towards 23100 extreme case 23300-23400.
Charts
Daily :
Weekly :
Monthly :
Data :
Notes :
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