#NF opened flat probed down & auctioned sideways for most of the time. Broke IB low & entered prev day single print buying zone. Took support at 7945 (VAL of 12/6/15) found responsive buyers there scaled up to yesterday's high making an neutral extreme up day. Its bullish here. Things to note down to be cautious as today's value area overlapped lower & POC below previous day's POC.
Key ref levels to look going forward. 7995 Today's Value area high & 8080 (10/6/15 Value area low) . Bullish scenario continues till it auctions above 7995 for 8150 likely probe zone going fwd.
Happy Trading !!
Jay
Key ref levels to look going forward. 7995 Today's Value area high & 8080 (10/6/15 Value area low) . Bullish scenario continues till it auctions above 7995 for 8150 likely probe zone going fwd.
Happy Trading !!
Jay
Welcome to CapitalBee Jay & Thank you for your Analysis.
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