Daily market summary of NF and charts, data of NF & BNF -28Jun'22

NF printed narrow range lower volume but higher value day with gap remained unfilled in last session. There was inventory shift at 15850. Buyers failing to sustain above that and clearing PDL expected liquidation towards 15750-15720 as we had last two week composite VAH also around PDL. NF gone for this move in IB period to print 15712 then started bouncing all session and then closed at high. Another session of low volume..Value lower but closed at high..Possible for filling range between 15700-15950 for a session or two. Close had edge with buyers..They need to defend 15790-15800 and get 15890/15950 early in next session..Further bullish if they sustain 15950 and failing to do so and started accepting 15890 could drift down into today value area fully as we got poor value area / anomalies and mechanical supports all over in today's profile.Repair needed till 15750. Weekly support zone is marked as 15750-15720 which is held today after closing last session gap. Now, swing wise holding this buyers next should look for sustaining higher above 15950 to get 16050+.. Failing to do so could fill back down to 15750. And, acceptance below 15720 calls 15650/15600/15450/15350.

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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