Daily market summary for NF and charts, data for NF & BNF -09Dec’20

NF had a neutral day and 3-1-3 profile yday and accepting tail zone was considered to be a trend. NF had a open in tail zone at top and started accepting and had a slow open drive up.Above 13465 probe was for 13510 then 13540/13600.NF had marked 13510 as IBH then after tight auction gone for extension towards 13540 then till 13590 and had a close above dPOC.

NF registered 8th day of one time frame up.

It was slow trend day with late extension..After a poor value area from 07th Dec today is also another poor structure of extension due to extn away from heavy top in first session + later closed extn handle of the day 13546 but yet closed above dPOC..This extn handle is ref for next session and as long as that stays, stretch upside could continue.

Holding above 13545 tomorrow, NF could scale 13580 towards 13610/13630-13650 if sustains then 13690-13710 probe possible.

Failing to scale above 13580 and accepting below 13545 is weak for 13510/13490 if sustains then 13450/13410/13350 probe possible.

Failing to sustain below 13480 or above 13580 could result in balanced day between these zones.

Charts and data :

Detailed plan with refs to carry forward, trade hypos and nuances from the day re available to members.

Notes :

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