Daily market summary of NF and charts, data of NF & BNF -22Apr'24

NF had a gap up after Triple disbn trend day then held the gap all day and at close got large spike up clearing sellers from current and previous session and also got buying in spike.

Spike cleared high volume outside day of last week. As long as today POC-spike low zone holds this could move higher further.

22308-22338-22399 spike zone..Acceptance in/above spike = bullish and below spike zone weakness.

5days of one time frame down stopped.

Swing bearish view off now with today's move to 22400..Holding above 22280 odds of getting 22440-22470/22520 and above possible now.

Levels wise, move above 22400 next session could get 22425-22440 if sustains 22475-22490/22520/22550/22595/22635 possible. Not able to stay below 22320 and move above 22360 could get 22390-22400/22425-22440. Failing to stay above 22440 and move below 22380 could get 22350-22340/22315-22305/22280 and weak below that for 22250/22220-22210/22180-22165.

Charts and data :

Notes :

a) Check glossary page in website if any of the terms used in the post are not clear.

b) If images are not clear, click on them for enlarged view.