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

NF printed 3rd day of one time frame up in previous session with another weak structure as well as had lowest volume and range for the year.Observation was weak longs could pull down the market.NF had a 150 pointer gap down today but could not sustain the gap down and gone for gap close then closed around dPOC.

Pointers from the day :

NF stopped the one time frame up after 3days.

NF got buying tail as well as secured high. Value down and close at dPOC.Skew with sellers as secured high got tested tail and closed around dPOC on lower value day.Staying below 14920 skew is down for next session.

With regard to weak structure repair I have been talking about since few days, only half of it is repaired and yet to do more atleast till 14700 zone.Swing has now turned to downskew with a move below 14900 and swing wise staying below 14965 now probe is open till 14770/14710/14610-14550.

Charts and 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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