Daily market summary of NF and charts, data of NF & BNF -13May'24

NF had FA top and NC day in last session. Downside considered not over with weak low PDL. Considered weak below 22110 for 22040 then marked probe downside till 21950/21910/21850. NF probed till 21900 then bounced and cleared IBH then closed at high.

Neutral extreme up day closing at high.

Failed auction at low.

5days of one time frame down.

Late double distribution up day. Weak structure profile wise and zone of 22040-21995 need a retest.

dPOC skew higher into close..Data wise not much of commitment from buyers at close.So, they need to get drive/gap and hold above POC all session next with buying intent.Failing to do so could test extn handle and goes means back into lower disbn of today possible.

Levels wise for next session, move above 22225 could get 22250/22275-22295/22325-22335 quite bullish above that for 22380-22390/22425-22435. Not able to stay above 22260 and moving below 22210 could get 22175/22135 weak below that for 22090/22050-22040/22005-21995 if sustains below 21980 then 21950-21940/21915-21890/21850 probe possible

Charts and data :

Notes :

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