Daily market summary of NF and charts, data of NF & BNF -03Sep'21

NF printed outside day and triple distrbution trend day profile with poor structure in last session.To negate poor structure,NF expected to drive/gap in next session and then expected to have higher value session. NF got a open drive and later drive failed but managed to get all day two way heavy chop balance with higher value and closed at high. Above 17265 considered bullish for 17290/17330 and this NF probed.

Pointers from the day :

It was clean two way balance day fight between buyers and sellers.Buyers emerged as winners with close above dvah/at day high on such two way auction day. Sellers could not accept in triple disbn day profile despite many attempts.

Nice bell balance with some fast auction two way and likely to get imbalance session next.

2nd day of one time frame up.

If we remove freak tick at low, its neutral auction today and ended as neutral extreme profile.Open in next session could see some imbalance move after such profile.

Outside day of previous session now started accepting higher with value. As long as this value holds buyers could look for probe upside further..Back into outside day range 17250 only weakness now to start looking for repair in that profile below 17250.Higher value of the session now pulled value up leaving the poor structure trend day disbn profile down. As long as staying above 17250 now, swing wise 17420/17550/17700 opened up.Any chance for long around PDH now could be used to get these obj upside. Once 17420 scaled negation moves to 17320. Swing short below 17250 for 17150/17070/16995 with negation at 17350.

For next session above 17345 could get 17370-17390/17420/17445. Quite bullish above 17455 for 17480/17510/17540.

Failing to stay above 17390 and back below 17320 could get 17290/17260 and weak below 17250 for 17200/17160-17150.

Charts :

Daily

Weekly

Monthly

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.

Notes :

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