Daily market summary of NF and charts, data of NF & BNF -20Oct'21

7days of one time frame up on daily stopped in last session.Volume was higher and close seen passive buying..For them, 18460-18475 band was resistance to clear today and failing to do and back below 18410 expected another sharp liquidation to 18380/18360/18335/18300..

NF failed to clear this res band at open and gone for open drive down liquidation move to get till 18350. Then bounced sharp to negate open drive resulted in two way balance first session which in second session resulted imbalance down further and then closed at dPOC.

Pointers from today's auction :

Bias was to look for balance between 18300 and 18650 after last session auction. This view got dent today with break of 18300. Sellers got dPOC skew with them today after all day control and they need to sustain below 18280 tomorrow for further follow through.

NF left a solid poor value area with anomalies today due to two way auction. 18390-18290 roughly zone needs a fill in next session if we open inside value.

Outside day resolved with lower value day and broken 18300 swing support.This is weakness. Till we stay below 18400 skew is for sideways to downside auction and acceptance above 18400 makes swing low done and we could travel back to early week session range towards 18550-18565.

For next session,18280 support. Holding this and scaling 18320 could get 18345 and bullish above 18345 for 18370-18385 if sustains then 18420/18445/18465 possible.Above 18475 probe is for 18500/18535/18560.

Failing to sustain 18390 and back below 18360 could get 18335/18315/18290 and weak below 18280 for 18255-18240/18205-18190 and quite weak below 18170 for 18145/18120/18095.

Charts and data :

Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.

Notes :

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