Daily market summary of NF and charts, data of NF & BNF -08Apr'24

NF had a inside day with minor spike close in last session..Buyers next expected to test upper end of composite if sustained then considered more bullish towards 22740. NF had a gap then held the gap and got drive and slow trend day to probe till 22770 then remained as short covering profile and closed at dPOC.

Fresh leg today with tail above composite balance of Apr which is bullish and swing support now at 22660.Upside not over yet and could stretch towards 22830/22865 as long as 22660 holds.

dPOC skew higher into close advantage buyers.

Staying above POC of the day buyers could get move higher and acceptance below POC could repair poor value area left and could see rejection from buying tail if moves down.

Levels wise, move above 22760 could get 22795/22830/22865-22880. Not able to stay above 22830 and move below 22745 could get 22710-22700/22670-22660 then bounce else 22635-22620/22590-22580/22550/22525/22485-22475.

Charts and data :

Notes :

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