Daily market summary of NF and charts, data of NF & BNF -24Dec'21

Green tickz
Dec 26, 2021
2 min read

At Thursday close, NF had 3rd day of one time frame up with series of neurtal days and FA at lows each session. Buyers were in control. To avoid any weakness buyers expected to accept in selling tail of Thu for next session else below FA zone of Thu mentioned higher odds for probe of spike zone of Wed. NF got a gap up at PDH on Friday but could not sustain and gone for drive down first clearing PDL+ FA zone then cleared entire spike zone from Wed.

Below 17040 probe was for 16990/16940 then below 16930 expected 16895 and below. NF gone for 16935 via open drive straight down then failed to sustain below 16930 and made tight balance which pushed price back to morning tail zone then settled at dPOC by close.

Pointers from the day :

NF stopped 3days of one time frame up with PDL probe.

Long liquidation profile cleared FA at 17040 then spike zone til 16940. Sign of exhaustion above 17100 ( it left a sign of exhaustion with dVAL close on neutral profile on Thu which got confirmed further with Friday auction). Below this large b profile next leg of liquidation possible.17100-17150 resistance as of now. Value in this could get upmove next.

NF left another selling tail at top.Back to back selling tail now hence 17100-17150 zone becomes resistance.

NF negated spike zone and created value there which is weakness.If we start accepting below 16940 then probe is towards 22/12 FA zone at low next.

16980 support for next session and 17060-17080 res zone. Failing to stay below 16980 and accepts 17020 then probe is towards 17050/17080 if accepts then 17120/17150 possible. Above 17165 could get 17195-17220.If sustains above 17235 then 17260/17295/17340 probe possible.

Failing to stay above 17030 and move below 16980 could get 16940-16930. Weak below 16930 for 16905-16895 if sustains then 16865-16855/16830-16820 probe possible.Quite weak below 16805 for 16780/16745-16730/16700/16665/16630.

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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