Daily market summary of NF and charts, data of NF & BNF -11Mar'25

NF had double distribution down liquidation day in last session.Got a clean gap down which could not get much of follow through and gone for closing gap then remained as short covering day all session then closed at high.

Buying tail and short covering profile with dPOC skew at close.

22540-22520 zone to defend for buyers and look for PDH swipe and once sustained defend POC all session else back to VAL and buying tail test odds.

Large balance auction for NF going on and might do this range fill may be entire week roughly between 22650-22450-22300.

Swing short met next obj 22385 and negation same ref 22650 to look again 22485-22460/22385/22270.

Check plan for trade hypos.

Charts and data :

Notes :

a) Check glossary page in website if any of the terms used in the post are not clear.

b) If images are not clear, click on them for enlarged view.