Daily market summary of NF and charts, data of NF & BNF -14Mar'22

NF had inside day and normal day in last session which suggested exhaustion at top..NF got fresh leg higher today.It had open auction today at start then started moving higher above last week high post IB and ended up as triple distribution trend day closing at highs. Hypo B and C played out fully from 16675 to 16900.

Auction recap :

Buyers control all through the session with triple distribution trend day auction. Started as slow trend day with low volume then accelerated towards close post 16810.

It was 3IB day.

dPOC skew at high into close..Buyers had edge at close..16840 ref for them next session..They should get gap or drive with such close else repair of this triple disbn profile possible..Once scaled higher should not accept back in extension singles of the day.

Today's auction printed important candle for March.16800 was strong structure to clear on weekly. Buyers able to clear that with trend day today and stopped 5weeks of one time frame down..We already had one trend day starting this move and got second trend day now clearing strong res zone..Hence this 16800 becomes good swing ref for buyers and it has opened up swing obj of 17050/17150/17300 next..Below 16800, we could look for 16650/16480/16250 moving back to wide POC of last week/tail zones then previous trend day ref zones.

Charts,data & Hypos :

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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