Daily market summary of NF and charts, data of NF & BNF -06Jul'21

NF had a gap up and open drive buying tail + higher value day in last session..Any test in tail expected to defend. And, auction was incomplete upside with yday auction. 15830 was kept as support zone and NF opened around this zone and hardly stayed below 15830 and bounced off sharp from tail zone via open drive.

Above 15865 considered bullish for 15890-15905 then above 15920 for 15950. NF cleared till 15930 via one time frame up then gone for failing trend day to close below dVAL.

Pointers from the day :

NF left a poor and weak high at ATH 15930. Unless this gets secured high, looking for short trades carry a higher risk.Short term move not yet done upside.

It was clean trend day of first session which got failed in second session..Such clean trend day failures could lead to balance.

It has left poot value area.Failing to sustain below 15820 in next session could go for repairing poor value area till 15870-15890.

Mentioned yesterday auction was incomplete with yesterday auction on the relief rally..It has gone to complete the second obj of the rally at 15910 by testing excess zone and failed once again by not able to clear that 15910-15930 excess zone..Now, we have 15750-15780 buyers zone and exhaustion at top 15910-15930 zone..Till this range gets resolved could look for balance inside. Below 15750 quite weak.

Swing buy at 15800 got triggered yesterday met its first obj today at 15890 and missed second obj 15950.Negation now at 15780 for this.Once gone, can stay on sidelines till it shows further clear info.

For next session, above 15855 could test 15875-15890 if sustains then 15935-15950 probe possible. Above 15960 could probe 15990-16020.

If fails to sustain above 15875 could move towards 15820-15790 below 15845 and weak below 15780 for 15755/15725. Quite weak below 15720 for 15690/15665/15635.

Charts and data :

Detailed plan with references to carry forward, trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members via private blog.

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