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

After tilt of auction, NF closed with spike in last session with good attempt of capturing 18105. Staying above 18055 next session imbalance move expected to get 18150/18180/18220-18230. NF all day gone for this imbalance move first and probed till 18225 then turned into balance to close at dPOC.

4th day of one time frame up moved away from last 5days balance. Buyers closed with advantage at dPOC.

Poor high as well as weak high around last week high. Staying above 18145-18160 expecting more from buyers next session. They need to get drive or gap up and once done should stay higher above POC of today till close. Failing to sustain above PDH and rotating below POC is weakness to test buying tail zone and PDL zone.

Levels wise for next session, staying above 18145 probe is towards 18250/18275 if sustains then 18310/18340-18350. Failing to stay above 18275 could fall back to 18200 and sustains there means weak to test 18160-18145 and quite weak below that for 18110/18075/18035-18025.

Swing long staying above 18010 marked for 18180/18230 which is done and now swing support moves to 18075 to look for 18275/18320-18350.

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 :

a) Check glossary page in website if any of the terms used in the post are not clear.

b) If images are not clear, click on them for enlarged view.