Daily market summary of NF and charts, data of NF & BNF -20Sep'21

Auction recap from the day :

NF had a clean large gap down wihch could not sustain. It has bounced to tag POC of previous session. Failing to get follow through at POC, buyers gone for liquidation till close.

Excess at top 17800 which closed at lower quad in last session, ruled second day today.

NF left FA at top today after excess at top in last session. Seller in control.

It was neutral day. Failing to sustain above IBH gone to clear IBL later. Sideways to downskew bias after back to back neutral days now.

Spike down into close.Spike rules apply for next session.17436-17355 spike zone. Acceptance in spike zone = weakness later ; Acceptance below spike low = quite weak for more liquidation ; Acceptance above spike high = Strength.

Second day of high volume and neutral day too.Auction not complete at close today.So,important for sellers to get early follow through down. Failing to do so and accepting above spike high could rotate back in today's value area testing sellers till VWAP/POC zone if accepts then VAH zone.

Swing shorts got entry at 17560 on bounce after gap down today. It tagged first obj 17430 and remaining obj are 17200/17070 as marked in last report. Negation at 17700 now.

For next session, trade hypos could be as below.

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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