Daily market summary for NF and charts, data of NF & BNF -10Feb'21

NF has ended with spike yesterday and open today could not sustain above spike high after neutral day. Acceptance below 15120 was for a probe till 15010 and NF gone for this move in first session. Then NF gone for all day balance and move below morning low could not sustain down and gone higher for dVAH and then closed at high.

NF stopped one time frame on daily time frame after 7 days.

Potential swing low formed today.Swing support now moves to 15020.

Got signs of balance yday and NF on it now..Holding 15020 could move towards upper end of balance 15260 zone.

Negated spike made yesterday by close today as despite all day lower value could not close at lower end.Path of least resistance up.

One retest possible in 15090-15060 zone to test buying imbalance happened in last hour today and that zone could be mostly responded by buyers if we move there.

Price wise for next session 15110 immediate support to test PDH 15170-15190 zone and bullish further above 15200 for 15240/15260 if sustains then 15310 possible.

Failing to sustain above 15190 could fall back to 15140 if accepts then 15110/15090-15070 probe possible.Weak below 15050 for 15000-14980/14950-14935/14910.

Charts and data :

Detailed plan with references to carry forward, trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members.

Notes :

a) Check glossary page in website if any of the terms used in the post are not clear.

b) If images are not clear, click on them for enlarged view.