Daily market summary for NF and charts, data of NF & BNF -05Feb'21

NF had a double distribution up day with close at dPOC.And, had a gap up above PDH and gone for balanced profile all day and closed above dPOC.

Auction pointers from the day :

NF printed 5th day of one time frame up.

Nice balanced profile accepting auction carried out on previous double disbn day.

Buyers in firm control and expectation of balance to test back 14750 now negated with a move above 14975.

3-1-3 profile with tail at both ends with nice balance and could could lead to imbalance move in next session rejecting from this value area..Failing to sustain above and acceptance back in value area could probe entire value area.

14850 now becomes good swing support going forward.

Price wise for next session move above 14975 could test PDH 15005 then 15040/15090 probe possible if sustains then could get 15150/15170-15190.

Failing to sustain above 15010 and back below 14950 could test 14910-14890/14860-14820. Weak below 14820 for 14780/14710.

Looking for some imbalance move in next session..Bias upside as long as staying above 14950 else outside day possibilty to stop one time frame up.

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Data :

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