Daily market summary for NF and charts, data of NF & BNF -24Mar'21

NF stopped one time frame down and closed at dVAH after FA at low yesterday..All pointed that buyers had control. But, NF had a gap down open today right at FA zone 14720. Considered quite weak below 14680 for 14580 which NF did via A to E one time frame down move and then gone for quite a balance below VWAP all day and ended with spike down close.

Auction pointers from the day :

NF had a clear control from sellers today starting with morning balance then extn singles holding all day and then large balance ending with spike. Till these extension singles above 14675 are accepted buyers in trouble.

Spike (though not a clear spike closing at lows) into close and spike rules in focus for next session. Balance in 14575-14535 is weak ; quite weak below 14535 ; Above 14575 bullish

Price wise for next session, 14610-14630 am considering as res zone for open and staying below this could go fo lower value filling 14530-14630 zone roughly..

Weak below 14520 for 14465/14415-14395 and quite weak below 14395 for 14350/14285/14200.

Bullish above 14640 for 14680/14710/14760-14780 and quite bullish above 14810 for 14870/14910/14960/14990/15025.

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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