Daily market summary of NF and charts, data of NF & BNF -03Mar'25

dPOC skew down at close for NF in last session. At open attempted to trade higher into upper disbn of last session but failed to hold and lead to drive down to clear PDL and large IB liquidation..Stayed down below PDL for good time then got a squeeze top test selling tail then closed with dPOC skew higher.

Intra today saw decent squeeze from shorts. Sellers next need to stay below POC of today and failing which could lead to another squeeze travelling in selling tail of the day to clear PDH.

7th day of one time frame down.

Decent low they got today and accepting above POC looking for 22360/22420+ then decide there as discussed in commentary.

Today's profile and auction suggests we may be getting into balance now for next few sessions.

Check plan for trade hypos.

Charts and data :

Notes :

a) Check glossary page in website if any of the terms used in the post are not clear.

b) If images are not clear, click on them for enlarged view.