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

NF had a trend day closing at low with value below spike on expiry day. Sellers expected to get gap/drive down next. They failed to sustain below PDL and gone for open auction then later got spike higher post mid session to close at high. Failing to stay below 19380 and move above 19430 marked for 19465/19515 and they gone for this.

Double distribution up trend day.

Volume and data was with buyers at close.Auction incomplete upside. 19430-19440 swing support now for the buyers of this session to get 19560-19580/19620 next.

Outside day.

Buyers need to clear high and stay higher with value and failure to stay above PDH could go for overlap in filling large extension singles then should find support at extn handle zone to push higher again.Weakness later if extn handle is gone.

Levels wise for next session, move above 19515 could get 19540-19550 if susains 19580/19610-19620 possible.If fails to stay below 19450 and moves above 19485 then could get 19515/19540-19550. Failing to stay above 19560 and move below 19510 could get 19485/19455-19440 weakness below that for 19415-19405/19380 and quite weak below that for 19355/19325.

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