Daily market summary of NF and charts, data of NF & BNF -13Dec'23

NF had outside day and spike down close in last session.Sellers if wanted follow through down then they expected not to allow auction above spike high.NF had a open auction in spike zone then later gone for liquidation down.Below 20995 marked weak till 20895 and they probed 20900 in first session then bounced back to clear IBH and closed at high.

Failed auction at 20940 negated but left another FA at low today.

Neutral extreme up day with dPOC skew higher..Buyers of this NE day should get drive/gap and once done should defend POC all session..Failing to do so could drop back to VWAP and bounce else probe of lower quad of today profile again.Immediate support at 20990-21010 for buyers to hold and push higher towards 21080/21110-21120 if sustains more bullish.20910-20930 major support for next session.

Swing long support at 20990 breached today. Below that probe was for 20940/20890 then bounce expected..They bounced off from 20900 back into 5days composite..At close, it was look below well made balance and back in balance so odds there to test other end of 5days balance at 21080-21120 zone then decide.If stays below 20910 then more liquidation towards 20865/20815-20790.

For next session, move above 21045 could get 21070-21080 if sustains 21110-21120/21140 possible.Above 21145 could get 21180/21210.Not able to stay below 20960 and move above 20995 could get 21020/21045-21060. Failing to stay above 21080 and moving below 21030 could get 21005-20990 and weak below that for 20965/20940-20920/20895 if sustains could move down towards 20865-20840/20810.

Charts and data :

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