Daily market summary of NF and charts, data of NF & BNF -01Oct'21

NF left FA at top and delivered neutral day on Thursday. Sellers had edge at close. They got gap down and remained as lower value day but could not sustain down post gap down and closed at dVAH.

Pointers from last session :

NF had a gap down and remained as lower value day but could not sustain below IBL after gap down..Got buying tail at low and closed at dVAH. If buyers are committed then should get gap or drive to get follow through higher and should not accept in value.

NF seen decent short inventory built up and they should pull price back in value in next session else they could get a squeeze.

17505 support for next session. Holding this and back above 17550 could get 17580/17620 and bullish above 17620 for 17660-17670 if sustains then 17720-17740 possible. Quite bullish above 17750 for 17780/17820/17850-17870.

Weak below 17505 for 17480/17450 and quite weak below 17440 for 17410 if sustains then 17375/17335 probe possible.

Charts :

Daily

Weekly

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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