Daily market summary for NF and charts, data for NF & BNF -29Dec’20

After having extension handle on daily time frame buyers closed stronger with gap+tail+higher value combo yesterday and close was at VAH to look further higher. Due to poor value area, expectation was to look for move away from value ealy in the session to remain bullish. NF got a clean gap up but it could not sustain above IBH and gone to close the gap later. 13860-13850 was support zone for the day and imbalance down in D period could not get to this zone and bounced after testing below VAH. Later had a mean reversion move back to dVAH and closed at dPOC.

4th day of one time frame up and buyers still in good control with close at dPOC on higher value day after tail at low.

Nice balanced profile by close and likely to get a push away from this balanced profile without overlap. After this nice balanced profile, tail zone - VAL is support for next session to hold and look for higher move by imbalance. Acceptance of tail zone could push for liquidation move down.

Price wise, 13890-13910 support zone tomorrow to get a move above 13955 for 13985/14010 if sustains then 14050/14100 probe possible.

Weak below 13890 for 13870-13850/13825-13810 and quite weak below 13800 for 13750/13720.

13800-13830 good swing support. If NF gets there and shows exhaustion/rejection to push it back to prev day range, then above 13895 bullish for 13920/13955/13985-14010.

Charts and data :

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