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

NF had a gap down but rallied back to PDH then again came back to day low for a neutral day..All over whip session. 17120 support zone cleared and closed below that today.

Outside day and neutral extreme down day..

dpoc skew down with advantage sellers. need gap / drive down else rotation back in today's poor value area to repair value.

For next session, 17120-17130 res for sellers..Staying below this could move towards 17050/17020/16985/16950. Acceptance of 17130 could get 17170-17185 if accepts more bullish for 17220-17240/17280/17330.

Swing wise 17170-17185 now solid resistance. Holding below this looking for move down towards 17050/16985/16920. Above 17220 swing long with 17130 negation for rally towards 17280/ 17330/17440.

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.

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