Daily market summary for NF and charts, data of NF & BNF -15Apr'21

NF left a inside day with value overlap in last session. Imbalance towards close was from VAL of the day hence expecttion was likely to get another overlap in last two days range in next session. NF had a gap up but could not sustain and gone for probe straight into POC via imbalance down..Later turned into balance and towards close had bounce to close near highs.

Pointers from the day :

It was two way auction day and closed with dpoc skew at day high.Edge with buyers and they should defend 14550-14580 zone and look for move higher quicker and once done should not move below 14550 if does then could probe entire value area down.

Its second day of balance below 12th gap and tail zone. As said yday, they need to crete value above 14550 and once created should get follow through higher above 14690 next to get 14800 zone.. If fails to do so and accepts below 14550 then this overlap in last 3days range could continue with two way auction.

14550 to 14640 tomorrow could be whip zone if we open inside this zone.

Above 14640 could move to 14680-14710 and quite bullish above 14720 for 14750 /14790-14810 if sustains then 14870/14925/14960 probe possible.

Failing to sustain above 14680 could drop to 14640/14600/14550 and quite weak below 14550 for 14490/14450 if sustains then 14400/14365/14300 probe possible.

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 :

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