Daily market summary of NF and charts, data of NF & BNF -21Mar'23

NF had a clean long liquidation profile in last session closing above dVAH.Buyers for next session expected to travel in selling tail with value holding above 16980 for auction to favour them.They got higher open in tail zone and entire first session had narrow range value in tail and got late double disbn up extn to close at high..From 17130 rotation down expected which they had in first session but later sustained above 17130 and closed above dVAH.

Double distribution up day..Mentioned in last report that swing support 16940 holds means buyers could make a move towards 17120 to decide there to accept/reject and acceptance means move is for 17240/17330-17370..Today's auction suggests buyers looking for this quick run now..Support now moves to 17065 for this view.

Buyers for next session should hold 17120.Today's close should get them drive/gap up or worst case defend 17120 then move higher..Weak below 17120 which could lead to liquidation of second disbn buyers of the day.

Levels wise for next session, if fails to stay below 17145 and move above 17175 could get 17210 if sustains 17240/17290/17330 possible..If fails to stay above 17280 could drop to 17210/17170 and below that could get 17145/17120 and weak below that for 17095/17065/17020/16980.

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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