NF had 3days of short covering auction..If opens inside range buyers expected to defend 18780 and move higher above 18820 for 18845/18870..They gone for this in IB period defending 18780 to get 18867. Failing to stay above 18840 and moving below 18810 marked for 18780/18750/18720. Post IB period they gone for this move to swipe PDL then closed at low.
Outside day.
Neutral extreme down day.
Failed auction at top with excess selling tail.
Considering the structure of poor lows and back back short covering weak low profiles, either sustain and move higher to ignore those poor structure to be taken care of later, or clear all poor structure till 18660 was observation at close yesterday. They tried to move higher but failed again with FA and outside day.This has now happened after clearing all shorts with P profiles and Neutral day with move above last swing high..Likely to get minimum 18660 in this leg then decide there..Sellers need to defend 18810-18830 zone now for this to happen in coming sessions.
Levels wise for next session, failing to stay below 18705 and move above 18750 could get 18780/18810-18830 if sustains 18870/18910 possible. Failing to stay above 18800 and move below 18770 could get 18745/18720 and 18690/18665/18625 possible below that.
Charts and data :



Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.
Notes :
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