Daily market summary for NF and charts, data for NF & BNF -31Dec’20

NF had two days nice balanced bell composite and closed with bullish bias and imbalance away was expectation. NF had a rej from 2days composite POC zone and got slow open rej reverse move but could not get imbalance and got into tight range 3-1-3 profile. 13940-930 was support zone to get poor high 13985 and then 14010/14050 today. NF held the support zone and with a struggled choppy move made 14010 but could not sustain further.

6th day of one time frame up and value was higher from last 2days composite closing at dPOC. Buyers managed to get buying tail at open and defended that all session. This tail is support for next session and holding that price need to start accepting in the tail above.

NF has printed 3-1-3 profile i.e, nice balance with tail at both ends. Acceptance of tail in next session could lead to trend and failure to accept could lead back to fill value area.

Price wise, above 14020 could get 14050/14100 and failing to sustain below 13945 and back above 13970 could get 14000-14020/14050.

Weak below 13945 for 13910-13900 and quite weak below 13890 for 13850/13820.

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