Daily market summary of NF and charts, data of NF & BNF -07Dec'23

NF printed neutral extreme up day last session with some supply not giving up. If they dont get squeeze/buyers not staying above VWAP of that session, test of buying tail expected.NF gone for this move quick in A period via open drive down, then bounced off from last session buying tail..Remaining session auctioned inside that first 15mins A period range then closed above dPOC.

Secured low and poor high.

Inside day.

2days of balanced composite now.

Some pause after a one way run..Swing not over yet with such freak high yday and poor high today from inside day auction.

Buyers need drive/gap next session and once done should stay above 21020 else another overlap session to test today / last session low zone then could bounce off again.

Swing support same 20890. Upside remains open for swing with obj 21120/21210/21300. They are going in for balance here before making next leg up.

Levels wise for next session, not able to stay below 20995 and moving above 21015 could get 21045/21070 and squeeze possible above this for 21100/21140/21180-21200/21240.If fails to stay below 20945 and move above 20980 could get 21015/21045/21070/21100. Not able to stay above 21050 and moving below 21020 could get 20995 and weak below that for 20965/20940-20935 and quite weak below that for 20890/20865.

Charts and data :

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