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Daily market summary of NF and charts, data of NF & BNF -16Apr'24

Another large gap down day. Held gap and gone for lower value session then closed below dPOC.


3rd day of one time frame down.


Swing move marked for 22240/22150/22090 post that acceptance below 22400. NF moved till 22115 now and left buying tail at low to close inside value area..This tail as long as holds overlap in value area and sm relief move to fill gap possible..If tail accepts then more weakness towards 22090/22060 and below.


Levels wise, move above 22235 could test 22260/22290-22305 if sustains 22315 then 22345-22360/22390/22410/22440 possible or failing to stay below 22140 and move above 22190 could get 22225-22235/22260/22290-22305. Not able to stay above 22280 and move below 22220 could test 22185 if sustains 22150-22135 and weak below that for 22105-22090/22065/22025.


Charts and data :

























Notes :

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