The NF traded entirely below the value and range of the previous week. In doing so it hit maximum volumes during the week at 8464 April F.
We believe upside attempts if any may get stalled at 8430- 8465 April F in the coming week.
The BNF profile which was earlier in signalling the downmove than NF is already hinting at a pause in the selling.
This Profile has a POC weekly at 18235 F and will be a pivot in the coming week as we look for the market to be in a narrow range and rotating.