Daily market summary of NF and charts, data of NF & BNF -22Mar'23

It was Double distribution up day in last session..Observation with last close was that buyers should get drive/gap and above 17175 probe was for 17240 and above..Below 17170 probe was for 17145/17120. NF had a drive to 17238 which failed and dropped to 17145 then remained in tight range all day then closed at dpoc.

Narrow range lower volume session. Locals dominated day prior to event..

Long liquidation profile with poor low..

2nd day of one time frame up.Buyers need to get drive/gap again..Failing to do so overlap and below this profile liquidation odds.

Slow move skew higher is bias now and view holding above 17120 was for 17240/17330-17370 .They almost got 17240 today..Same view that upside this could still do more..Negation for the view moves to 17120 now from 17065.. As long as no acceptance below 17120 this could move higher still. Liquidation odds below 17120.

Levels wise for next session, failing to stay below 17130 and back above 17175 could get 17205 and bullish above that for 17240-17260/17290/17330/17370+ .. Failing to stay above 17280 could drop to 17210/17170 and below that could get 17145/17120 and quite 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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