Daily market summary of NF and charts, data of NF & BNF -27Jun'22

NF had higher value day in last session with close having edge with buyers..Considering various structure buyers expected to gap up towards 15850. NF got this gap around 15900 today but unable to sustain higher above gap open auction high.Gone for another narrow range low volume day and closed below dVAL.

NF printed narrow range lower volume but higher value day with gap remained unfilled.Intra wise weak close but larger context wise gap and higher value still with buyers..

We had some inventory shift around 15850 today..For next session, buyers need to sustain above 15850 early in the day..Failing to do so and sustaining below PDL could get some liquidation.Profile left anomalies and poor value area and likely to be repaired if no acceptance below PDL.

Last two week composite VAH at 15815.We have almost tested this today after gap up.. So, accepting below this could pull it towards weekly support zone 15750-15720 and that should hold for bounce else could travel further down towards 15650/15600 and below 15600 quite weak for 15450/15350.

As mentioned in weekend report, buyers job after that close on Friday was to move to 15850 then sustaining that to 15950 earlier in the week. This is almost done.Any dip means should hold 15750-15720 zone then continue the trend upside further towards next swing obj 16050+..This is on focus for the week..Acceptance below 15720 confirms today gap is just range extension of last two week balance and we will be back in balance auction in last two weeks range.

Charts & 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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