Daily market summary of NF and charts, data of NF & BNF -20Nov'23

Normal day with no demand in last session..Move below 19780 marked for 19750/19725-19715 which NF did via long liquidation auction today then closed below dPOC.

Selling tail and long liquidation profile. Still buyers not showing up.

Next session resistance between 19780 (ledge) and 19810 (selling tail).Not able to accept above this band looking for overlap to downside again and staying below today b could invite more liquidation.

Buyers need to defend today low zone and accept above 19740 for overlap to test above said res band and above 19810 squeeze possible.

As long as 19910-19930 tail zone holds, swing bias is to have 19740/19670/19590..It probed 19740 and below today..As said in last report as well as in commentary, all this obj may not happen straight but swing wise sell on rise till we complete this entire probe with negation above 19930.

Levels wise for next session, not able to stay above 19780 and move below 19750 could get 19720-19705/19680-19670 or failing to stay above 19810 and move below 19765 could get 19730/19705/19680-19670 and more weakness below 19670 for 19640-19630/19590.

Charts and data :

Notes :

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