Daily market summary of NF and charts, data of NF & BNF -02Jul'24

NF had a short covering profile last session. Buyers needed drive/gap higher and once done expected to defend POC all day else value area fill expected..NF had a higher open above PDH but could not sustain and started accepting back in previous session value area and gone for VAL probe in IB itself..then bounce got new high above IBH but again failed to stay higher and once back below POC gone back to VAL probe during mid session then finally closed at dPOC.

Neutral center day.

Failed auction at top.

Buying tail at low.

Buyers who closed at dPOC should defend 24170 next session and started accepting above 24240 to get bullish session..Failing to stay above 24240 could get overlap move back to 24170 and staying below that could lead to some weakness.

Poor high at 24240 got cleared now.

Swing support moves to 24120 from 24080.NF got 3day composite now likely to get imbalance move in a session or two. Upside probe pending for 24340/24440.

Levels wise for next session, move above 24240 could get 24275/24305 if sustains 24335/24365-24375.Not able to stay below 24175 and moving above 24215 could get 24240-24250/24275/24305.Not able to stay above 24280 and moving below 24220 could get 24195/24170 weak below that for 24145-24135/24110-24095 if sustains 24080 then 24050-24035/24000 probe.

Charts and data :

Notes :

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