Daily market summary of NF and charts, data of NF & BNF -01Jun'23

NF had a lower value day below two days composite and closing 18590 gap in last session considered weakness. Above 18645 expected a move to 18670 which got whipped at open.Not able stay above value area expected value area repair then liquidation.Failing to stay above 18670 and move below 18630 marked for 18600/18570/18545. After morning whip above value area, all session gone for value repair then got spike down to 18550 then closed below dVAL.

back to back 2 days composite now and closed below VAL.Minor spike down..Staying below 18580 looking for range extn down further in 26/05 triple disbn profile.It has already cleared 3rd disbn of that day.Failing to stay below 18580 and accepting 18635 could go for filling last 4days range.

Swing negation moves from 18710 to 18660 to look for 18480/18420 in coming sessions.

For next session, move below 18550 could get 18515/18480-18470 if sustains 18430-18420/18390/18360 possible. If fails to stay above 18620 and moves below 18580 then could get 18550/18515/18480-18470/18430-18420.If fails to stay below 18520 and accepts 18560 then 18590/18620-18630 and further acceptance could get 18675/18700-18710.

Charts and data :

Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.

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