Daily market summary of NF and charts, data of NF & BNF -18Apr'23

NF had 3-1-3 profile last session. They tried to sustain above VAH at open but failed and gone for VAL probe then spent balancing most of session within value area then later moved down below VAL which failed to get spike and closed at dPOC.

Inside day and another 3-1-3 profile today.Could lead to imbalance session next..Sustain value area = trend else overlap in value area and move other side.

At close, inventory was with sellers..17735 ref for them to defend next session and sustain below 17675 to get 17645/17620-17600/17560-17540.If fails to stay below 17650 and moves above 17700 then could get 17735-17750 and more squeeze above that for 17780/17820/17860.

After having solid tail at low yday,attempt to travel into selling tail of yday countered by sellers now in second session today..Till we accept above 17735 clearly, now sellers could make attempt to test below 17650 and more.

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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