Daily market summary of NF and charts, data of NF & BNF -13Jan'22

NF printed nice balanced profile in last session and imbalance was expectation next. NF opened with gap up but could not sustain the gap and gone for accepting in value zone of balanced profile to probe till POC to VAL zone then bounced and remained as another balanced session. Failing to stay above 18310 and back below 18235 expected probe of 18190 which got a move only till 18200 swipe and then remained in morning IB range all session then closed at dVAH.

Auction pointers :

NF printed 5th day of one time frame up.

Second day of good balanced profile. Expected imbalance session but got another balanced session. After having one way up in entire series sofar, instead of doing price correction, NF going for time correction. Upside more they are planning with downside moves not getting follow through in last two sessions and ending as balance.

For the fresh leg they started with gap away from 18120 the second swing obj 18350 yet to be met and now 18440/18535 opened up after this two days of balance. Swing negation could be moved to 18165 from 18095 for this view and once 18350 around probe done, negation could be moved to 18210.

NF left a buying tail at low today..Technically not a FA as IBH probe not done after this tail but auction wise they almost got day high so its good swing ref now.So, this 18210-18190 becomes swing support once 18350 probe is done.

For next session, acceptance above 18305 could get 18335/18365. Further bullish above 18385 for 18420-18445/18495/18535. If fails to stay below 18240 and moves above 18275 could get 18305/18335/18365.

If fails to stay above 18350 and accepts below 18290 could probe 18265 and weak below 18265 for 18235 if sustains then 18190 possible and quite weak below 18190 for 18155/18110-18095/18065-18045/18015/17985.

Charts and data :

Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.

Notes :

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