Daily market summary of NF and charts, data of NF & BNF -04Apr'24

Gap up failed to hold above outside day and started having drive down which cleared PDL then left buying tail and later gone for PDH swipe again after lot of two way auction then closed at dPOC.

FA at low with buying tail.

Back to back outside days.

Neutral day with dPOC skew higher then closed there..

Job of buyers next to get drive/gap away from this POC and stay higher all session..Not able to do so and accepting below POC could get VWAP and VAL zone if sustains test of buying tail possible next.

Levels wise, move above 22660 could get 22690/22720-22740 then reject..If sustains 22760 then 22795/22830-22850/22880 possible. Not able to stay below 22560 and leaving tail with a move above 22610 could get 22640-22660/22690/22720-22740. Not able to stay above 22690 and moving below 22630 could get 22595/22560-22550 easy and staying below 22540 more weakness for 22510/22485-22475 if sustains 22440-22420/22375/22350/22325 possible.

Charts and data :

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