Daily market summary of NF and charts, data of NF & BNF -29May'23

Large gap day and auction all day in balance almost inside IB range..Gap remained open till close.

Bell balanced profile..Probable to get imbalance auction next.

Narrow range low volume session.

Buyers in control all session holding gap and 18570 now becomes swing support for them.

For next session, if fails to sustain below 18610 and moving above 18660 could get 18690-18710/18740/18765..If flat open and not able to stay above 18690 could drop to 18655 and below that 18630/18590-18570 possible..If fails to stay above 18765 could drop to 18720/18690 and below that 18655/18630/18590-18570 possible if sustains 18545/18515/18480-18470 possible.

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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