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

NF had a higher value + narrow range + lower volume session yesterday, post trend day.Auction was incomplete upside and buyers expected to get gap or drive to sustain higher else repair of poor value area expected. NF had a open test drive up from dVAL to get new high above PDH to complete the auction then remained all day in IB range repairing last session profile then closed below dVAL.

Auction recap :

NF printed 3rd day of one time frame up.

It was normal day i.e, no range extension post initial balance period. Lack of commitment.

2days now got nice balance with lower volume and narrow range sessions. And closed at dVAL of this two days balance..Not a good close from buyers of last two sessions..They need to quickly move higher above 17250 and sustain else could drift down to close the gap zone around 17130 to test demand.

For next session above 17225 could get 17250/17270 if sustains then 17295/17330-17340 possible..Above 17340 could get 17365/17410-17420.

Failing to sustain below 17130 and back above 17180 could get 17225/17250/17270/17295/17330-17340.

Failing to sustain above 17250 and back below 17210 could get 17180 and weak below 17180 for 17150/17120-17100. 17210-17190 and weak below 17180 could get 17150/17120-17100 and quite weak below 17085 for 17055/17030-17005/16980-16960.

Charts and 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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