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Daily market summary of NF and charts, data of NF & BNF -22May'24

Poor low and double distribution up day with supply closing below dPOC in last session.They had open test drive down to enter into lower disbn of last session and rejected post IB.Then got skew higher and chop all session to end as P profile then closed at dVAH.


Short covering profile.


4th day of one time frame up.


Another low volume session.


22590-22620 support for next session..Holding that overlap in value area possible..Buyers need to push higher later above this P value and once done defend value area all day.


Levels wise for next session, defending 22595 and staying above 22635 could get 22670 if sustains 22715-22725 possible. If stays above 22740 then 22775-22790/22820-22840 probe. Not able to stay above 22700 and moving below 22660 could get 22630/22605-22595 weak below that for 22565/22525-22515/22480-22470.


Charts and data :
































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