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

NF had NE down day with FA top in last session..Observation was that 3days distribution and balance odds with a probe back to 20125 if accepts means 20040/19975 to mark balance low. They had gap down and liqudation day pushing below 19975 then closed below dPOC.

Gap down and selling tail with good volume + supply data today.

DD down trend day closing at lower disbn. Sellers were keen all day today till close.Sellers of this day should stay below 20020 next worst case 20060 they should defend.

Balance expected holding 19975 zone as swing view but volume and data of today opened up swing obj for 19875 then bounce and later 19785/19675. Negation for this swing view at 20060 now.

Levels wise for next session, not able to stay below 19925 and move above 19960 could test 19990-20010 if accepts then 20035/20065 possible and bullish above that for 20100/20125/20155-20165/20210-20220. Not able to stay above 20065 and move below 20010 could get 19980/19950 and weak below that for 19925/19895/19870-19855 and quite weak below that for 19825/19785/19775/19730/19690-19675.

Charts and data :

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