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Daily market summary of NF and charts, data of NF & BNF -12Mar'24

Whipping auction today clearing VWAP of trend day early in the session.But could not sustain higher and gone for clearing PDL then bounced and balanced then closed at dPOC.


Buying tail at low and poor high top.


Buyers got poor close as they could not clear poor high despite having decent tail at low and allowed dPOC skew down and closed at dPOC.


Buyers job next is to defend around 22420 and overlap again to repair poor value area and anomalies left today in the profile with a probe back to 22480/22510 then sustain there for more bullishness.


Sellers job is to defend 22480 for overlap down then sustain below 22420 to accept in buying tail of today then get more liquidation push down towards 22350 and below.


Levels wise moving above 22465 could get 22495-22505 if sustains 22535/22560/22590/22625/22650 possible or not able to stay below 22410 and moving above 22440 could get 22465/22495-22505. On short side, not able to stay above 22520 and moving below 22480 could move towards 22450-22445/22415-22405 and more weakness below 22390 for slow drag towards 22365-22350/22325-22315 and quite weak below 22300 for 22270-22250/22220/22190-22180.


Charts and data :











Notes :

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