Daily market summary of NF and charts, data of NF & BNF -03Feb'25

Neutral center day with failed auction at top for NF in last session.Observation was to look for downside skew.NF had a open lower at pdL zone and gone down in IB then held at weekly support zone marked at 23300 then all day gone for tight balance then closed at high.

NF stopped 5days of one time frame up.

Value lower below two days balance but closed at highs with not much of inventory backed from buyers.So,not holding 23380 could get VAL and PDL zone goes means liquidation move odds.

Swing wise 23565 good res now..As long as staying below this, looking for balance and skew down.

Levels wise for next session, move above 23480 could get 23510/23540-23555 reject else bullish further above 23570 for 23600/23630-23640 if sustains 23680/23720-23730. or not able to stay below 23300 and move above 23360 could get 23395/23425/23455-23465..If fails to stay above 23510 and moves below 23425 could get 23395-23380 weak below that for 23350/23325-23315 and quite weak if stays below 23310 for 23285/23250/23225/23180/23150/23105/23045/22995.

Charts and data :

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