<p>Nifty Futures IB is 200 points (22006–22806). Nifty is currently in an open auction within this range.</p>
<p>There are good chances of failed auctions on the higher side. NF high is 23031F. A failed auction (FA) will be confirmed if Nifty Futures trades below 22806 again. If that happens, the IB range could extend 200 points lower, targeting 22606F.</p>
<p>At the same time, Nifty Spot has a previous FA level at 22542 from yesterday, which is likely to be revisited within the next 5 sessions.</p>
<p>Bank Nifty formed an abnormal big round-number low at 51400, which should get resolved within the next 3 sessions.</p>