Daily market summary of NF and charts, data of NF & BNF -06Dec'22

Last session was suggesting both buyers and sellers are active hence two way auction to continue for more sessions..NF gone for heavy chop two way auction today in a narrow range day. Buyers had edge at close yday.Open was against them at PDL zone and bounce got rejected then all day gone for lower value but closed above dVAH.

3-1-3 profile of last session could not accept most of session into value and produced another 3-1-3 today. Sustain beyond value = trend ; else overlap again.

3rd day of one time frame down.

No major commitment from data at close today..Might react to events tomorrow with fresh inventory.

Two clean balanced days now and likely to deliver good imbalance session next.

Auction wise, buyers managed to hold the session despite lower value day..They need to get a move away from 18775 early in the session to get 18810/18840 then have to sustain above it for more..Failing to susatin above 18810/18840 could drop to 18750/18710 and weak below it for 18670/18620/18580.

Swing view same - balance roughly between 18600-19000.

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.

Notes :

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