Daily market summary of NF and charts, data of NF & BNF -29Apr'21

NF had clean double disbn trend day with dPOC skew with clean control from buyers into close in last session. NF got another clean gap up today and probe upside was for 14980/15030-15045/15075. NF got 15035 after a gap and then gone down with open rejection down move to get POC/VWAP of prev DD trend day. Beow 14820 was considered weak but got whipped at 14820 and bounced. Later turned into balanced profile with close at dPOC.

Pointers from the day :

NF printed 5th day of one time frame up.

It was 3-1-3 profile today..i.e, selling tail at top and buying tail at low with clean bookish bell distribution in between.. After such profile, sustain tail zone = trend ; failing to sustain tail and back in value area = probe entire value area.

NF tested yesterday trend day extn singles and rejected swiftly today..Another test there 14870 zone roughly tomorrow could make the auction weak to get skew down..

Swing view observation was for a move to 15050 next above 14800 acceptance yesterday and NF got a move till 15035 today. 14790 ref for swing now, holding this could look for move higher still. Below 14790 could get a move down towards 14700-14650 and that should be good support as of now..Quite weak below 14650.

Hypos for auction scenarios tomorrow given below. Looking for some quick wild move in first 30-60mins then could see some stabilsed moves.

Charts and data :

Current month

Next month

Detailed plan with references to carry forward, trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members via private blog.

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