Daily market summary of NF and charts, data of NF & BNF -06Mar'25

NF had a short covering profile in last session and 22380 marked as support for next session. Not able to stay below that expected overlap in value area of last session then later may be squeeze expected. They got higher open above PDH but failed to sustain and pushed down via open test drive which probed 22380 and below but could not sustain and left tail there to have good two way auction later gone higher then closed at dPOC.

3rd day of short covering. Suggests less chance to sustain this move and mean reversion odds higher.

Has left poor value area. Failing to stay above PDH could go for repair of this value area.

22600 ref for session tmw. Hold this and move higher to close gap at 22660 and look for further extension..once done never accept below 22600 is the job for buyers..And not able to do so could move down to test 22550/22490/22440 and below.

Check plan for trade hypos.

Charts and data :

Notes :

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