Daily market summary of NF and charts, data of NF & BNF -10Oct'23

NF had a normal day in last session and imbalance session next was observation.Sellers had to defend 19580 else squeeze expected as they had intent at close.NF opened above 19580 and gone for small drive then defended PDH and gone for squeeze via trend day to close at high.

Triple distribution trend day closed at high.

dPOC skew into third distribution at close and buyers should get drive/gap from such close and then defend POC..Failing to do so could go for repairing last two distribution of the day to start with.

Buying tail of the day got good absorption from buyers in morning distribution hence 19620 becomes now good swing support. Swing weakness only below this.Holding this swing now could move higher towards 19820/19860 rejection means back to 19740/19670/19620-19580.No rejection but accepts 19860 means 19920/19960 which is solid resistance again.

Levels wise for next session,failing to stay below 19690 and move above 19725 could get 19750 and above that possible to get 19780/19810-19825..If moves above 19835 could get 19860/19890/19920-19930. Not able to stay above 19790 and move below 19730 could get 19695/19670 weak below that for 19645/19625-19615 and quite weak below 19610 for 19580/19550-19545.

Charts and data :

Notes :

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