NF and BNF observations

 

NF and BNF Observations



Trend line support held at closing. Yesterday was In Bar above the trend line. Pullback towards the red line resistance gap. Higher low and higher high seen on Monday over Friday then expect swing bottom for pullback attempt to the resistance gap. The resistance of 2-day high is 19647 and then the gap of 19760-19812.

Support will be at 19468-19390. On fall and close below 19390 with bearish candle expect the lower gaps to be tested. Lower Gaps-19302-19261, 19082-18966 and 18845-18811


Dynamic Trend- Red Color- Down Trend. Diamond on red color is minor intra-day pullback. On Green candle are minor correction in up trend.


BNF dynamic trend down. Friday was higher low and higher high but candle not convincing therefore need another higher low and higher high with bullish candle.  Therefore diamond. Further selling is below 44875. From trading point of view objective can be to cover short at S1-44672 - from cmp-45001 to 44672. R1-R2(R3) to be tested-45279-45886.














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