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

NF left failed auction at low and then spike up close in last session with advantage to buyers. Buyers got clean gap up today.Sustaining 17060 probe was marked for 17110 which happened via slow open drive up in IB period then gone for all day balance..Above 17130 probe was for 17165 which got whipped with selling tail at top then closed at dVAL.

Auction recap :

3rd day of one time frame up. Buyers still in control.

Another day of neutral auction i.e, clearing both end of morning initial balance - 3 days in a row..Difference today is close at dVAL as neutral extreme down day compared to spike up close last session and dPOC close day before on neutral auction profiles.Possible exhaustion.To avoid any weakness, buyers next have to save days low and look for acceptance above 17100.

After spike up close in last session they got clean gap up today and held gap all session..Also left FA at low..Buyers need to hold this FA and move higher else test of spike zone from yday possible to test demand. Last two days are having lower volume and narrow range hence this probe got higher odds if FA at today's low goes.

NF left clean selling tail at top. Acceptance in that tail opens up next bullish leg.

Swing negation ref 17050 taken out now which removes balance bias as of now. 16950 swing support now to look for weakness swing wise.

17080-17100 resistance for next session. Above 17100 could get 17125/17150-17165 then 17195-17220.If sustains above 17235 then 17260/17295/17340 probe possible. Failing to stay below 16990 and back above 17055 could get 17090/17125/17165/17220.

Below 17040 could test 17010-16990 if sustains then 16950-16940 possible. Weak below 16930 for 16905-16895 if sustains then 16865-16855/16830-16820 probe possible.Quite weak below 16805 for 16780/16745-16730.

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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