Daily market summary of NF and charts, data of NF & BNF -23Apr'24

NF had a flat open at PDH and could not sustain higher above traded high of open and all day gone for balanced auction inside spike zone then closed at low.

Balanced profile with narrow range and lower volume leaving poor high (barring freak high) and poor low closing at low.Odds of imbalance session next.

Buyers allowed a weak close at low.Staying below 22390-400 weak next session to clear poor low and test spike low zone of previous session then bounce else more weakness..To avoid this, they need drive/gap above 22390-22400 and once moved way higher should not accept below 22370.

Swing view same as mentioned in last report.Holding above 22280 odds of getting 22440-22470/22520 and above possible.

Levels wise, move above 22390 next session could get 22425-22440 if sustains 22475-22490/22520/22550/22595 possible. Not able to stay below 22320 and move above 22360 could get 22390-22400/22425-22440. Failing to stay above 22425 and move below 22370 could get 22345 and weak below that for 22315-22305/22280 and quite weak below that for 22250/22220-22210/22180-22165.

Charts and data :

Notes :

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