Daily market summary of NF and charts, data of NF & BNF -09Sep'21

NF negated failed auction at low but closed above dVAH with a rally on wednesday. With dVAH close in last session, if buyers failed to get gap/drive then expected move down back to test buyers strength who created rally. 17360 considered support and we opened below this and probe was for 17310-17300 below 17360 which we got via open rejection reverse down. After spending entire day in tight range NF towards close again rallied higher to close at high.

Pointers from session :

NF left inside day auction. Odds are higher for some imbalance move in next session.

Failed auction at low again.

It was neutral extreme up day with close at high.Buyers had edge at close after having FA at low.17330-340 support for them in next session.

Holding 17330-17340 in next session and scaling above PDH could get 17410/17440. Bullish further above 17455 for 17480/17510/17540.

If fails to sustain 17420 and accepts below 17370 then could get 17340-17330 weak below 17330 for 17300 and quite weak below 17290 for 17260/17200/17160-17150.

Charts :

Daily

Weekly

Monthly

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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