Daily market summary of NF and charts, data of NF & BNF -09Oct'23

NF had a gap down below buyers zone 19620 and gone for drive down with liquidation move..Then drive failed and closed gap in A itself.Failed to get further extn and all day gone for balance inside IB range then closed below dPOC.

Normal day i.e, auction ended inside morning IB range.Odds for imbalance session next.

NF took support at weekly support zone 19480-19520 band.They were able to arrest the drive down but could not sustain above IBH after closing gap.Buyers next have to defend this zone and move higher towards 19580 if sustains then more push possible upside..

Sellers had sm intent in second session but could not get follow through down and just able to only arrest the move up..They need to stay below 19580 and push below 19520 to get 19480 and below then defend 19545 else squeeze possible for them in next session.

Levels wise for next session,failing to stay below 19480 and move above 19545 could test 19575 if accepts 19610/19640/19675-19690 possible. Not able to stay above 19580 could drop to 19540/19515 and weak below that for 19480/19450/19415/19380-19365.

Charts and data :

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