Daily market summary of NF and charts, data of NF & BNF -18Apr'24

NF had a all over spill today..Open failing above PDH gone to VAL then bounced in first session to close second gap at 22342 then had a tight balance and then got solid liquidation push to clear IBL..Bounce failed to sustain IBH and gone for spike down close clearing PDL.

Failed auction at top after filling second gap at 22342.

Neutral extreme down day.

Outside day.

4th day of one time frame down.

Spike down close. 22135-22085-22027 spike zone..Stay in/below spike zone = weakness and move above spike high = bullish for next session.

Post 22400 break swing move marked for 22240/22150/22090-22060 and this is done today.22400-22440 same resistance and volume of today suggests more possible downside towards 21950/21850-21800/21600. Today's volume is quite heavy at 2x of 10day average.

Levels wise, for next session move below 22030 could get 21990-21980/21950 if stays below 21940 then 21910-21890/21860/21820 probe possible.Not able stay above 22130 and moving below 22080 could get 22050-22030/21990-21980/21950. If fails to stay below 22020 and moves above 22080 could test 22120/22150.Strength only above 22150 for 22180/22210/22240/22270 and more bullish above 22290 for 22330/22360.

Charts and data :

Notes :

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