Daily market summary of NF and charts, data of NF & BNF -18Mar'24

NF had a long liquidation profile in last session with supply appearing at close at highs..Not accepting above 22150 next session expected a test of 22060-22040/22015 and more,which they did in first session then bounced to clear 22150 in second session..Above 22150 marked for 22180/22210-22220 which they probed in second session then closed around VWAP.

Failed auction at low.

Stopped 5days of one time frame down after failing to clear 22000-22020 zone 4th day in a row.

Neutral center close.Again sellers/profit booking seen at top which pushed for close at VWAP zone..Sellers need to defend 22165-22190 zone and push below 22120 next session to get 22080-22070/22040/22015 and below that more possible towards 21980-21965/21930.

Not able to stay below 22120 and clearing 22165 could test 22190/22220 then short squeeze move higher possible towards 22260/22290 then reject else more upside towards 22325/22360-22370 and above.

Charts and data :

Notes :

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