Daily market summary of NF and charts, data of NF & BNF -01Jul'24

NF had dPOC skew down close in last session. Had a open at PDL zone but could not get follow through downside.Gone for open rejection reverse move higher in IB then remained as overlap value day to close above dPOC.

Short covering profile with buying tail.

dPOC skew higher. Buyers need drive/gap and once done with a move higher way above PDH then have to defend POC all day else back in to two days value area probe.

Poor high at ATH still remains uncleared.

Swing support moves to 24080 from 23900 as 4days of one time frame up stopped.Fresh leg required else odds of balance now. Upside probe pending for 24340/24440.

Levels wise for next session, move above 24225 could get 24250/24275/24305 if sustains 24335/24365-24375.Not able to stay below 24135 and moving above 24165 could get 24190-24205/24240-24250/24275/24305.Not able to stay above 24280 and moving below 24215 could get 24180-24170 weak below that for 24145-24135/24110-24095 if sustains 24080 then 24050-24035/24000 probe.

Charts and data :

Notes :

a) Check glossary page in website if any of the terms used in the post are not clear.

b) If images are not clear, click on them for enlarged view.