Daily market summary of NF and charts, data of NF & BNF -11Jun'21

NF left a buying tail from POC zone and negated sell off happened on 09/06 in previous session. Observation was that dPOC skew with buyers and staying above 15720 could clear prev FA zone at 15800 and above 15815 probe was for 15835-15850. NF had a clean gap up at FA zone and gone for a probe of 15855 earlier in the session.

Then got a quick rejection and cleared IBL to print a neutral day. Failing to sustain above 15800 expected to probe 15750 but was able to get only 15760 to close the gap and then turned into balanced day to close at dPOC.

Auction recap :

NF left another FA at top 15855. They need to clear PDL 15760 to get momentum downside else this FA could be challnged back quick.

It was clean higher value day with nice balanced auction via neutral day by clearing IB range both side fight between buyers and sellers.I..By close, it cleared VWAP of neutral day and closed at dPOC.Advantage buyers as long as staying above 15790-15800 next session.

As it was two way clean balanced profile, could lead to imbalance in next session.Holding 15790 upside and staying below 15790 downside.

NF completely negated 09th outside day auction and the FA left on that day. Staying above 15790-15800 could look for more upside else chop back in weekly range.

Swing wise above 15815 probe was for 15870/15950 and still the same view now with same negation mentioned in previous post i.e, 15750. Below 15750 could be swing sell to travel back till 15650/15600 again with 15850 negation.

For next session, 15790-15800 support to test 15845 if sustains then 15875-15890/15920/15950 probe possible.

Failing to sustain above 15845 could test back 15800-15790 and weak below 15790 for 15760/15725 and quite weak below 15720 for 15680/15650-15630

Charts :

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Data :

Detailed plan with references to carry forward, trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members via private blog.

Notes :

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