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Daily market summary of NF and charts, data of NF & BNF -03Apr'24

NF had a value in buying tail of previous session in last session which considered weakness..They opened today with gap down and probed swing obj zone 22460-22450 then bounced to enter into 3-1-3 value of last session which cleared VAH as well as PDH then closed at dPOC.


Outside day.


Buyers able to pull dPOc up at close which is good for them for next session..Their zone to protect next session is 22500-22520 to fill back today value area and test selling tail.


Sellers need to sustain below 22500 to move back into today IB period balance zone and PDL and sustains means more weakness.


Composite P in making and odds of another session filling inside this composite value before making directional move.


Levels wise, move above 22565 could get 22590-22610/22635-22650 if sustains 22660 then 22690/22720-22740.If fails to stay below 22500 and moves above 22535 then could get 22565/22590-22610/22635-22650. Not able to stay above 22620 and move below 22580 could get 22550/22525-22515 and weak below 22510 for 22485/22460-22450.If stays below 22440 then 22415/22375/22350/22320 possible.


Charts and data :

























Notes :

a) Check glossary page in website if any of the terms used in the post are not clear.


b) If images are not clear, click on them for enlarged view.

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