Daily market summary of NF and charts, data of NF & BNF -27Jul'23

NF opened above Short covering profile of last session today with gap up but could not sustain the gap and started accepting wide POC of 19805 which lead to multi distribution trend day liquidation all session then closed with rally at close.

Outside day with 3IB move.Likely to repair most of session range for next few sessions as long as no acceptance below this profile.

Entire session related to expiry inventory adjustment and context wise still in upper disbn of monthly..Acceptance below this profile could lead to another good liquidation moving into lower quad of the month towards 19720/19690-19670/19620-19595.

If we open inside range in next session odds higher to look for two way auction in first session with lower band support as 19780-19820 zone and 19920-19940 as res zone..whichever side later sustains could spike further.

Charts and data - Current month :

Charts and data - Next month :

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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