Daily market summary of NF and charts, data of NF & BNF -04Jun'24

Mega event - results day started with open at PDL after closing with dPOC skew higher in last session. That resulted in drive down which closed large gap of last session then got extn post IB which lead to 8 ATR move day then closed at dPOC.

Double distribution down day with 5x volume.

Outside month clearing 4months low till Feb low. 7 months of one time frame up on monthly stopped.

22150/22320/22450/22600/22840 resistance now.

21950/21850/21750/21600 support.

As long as staying below 22850 likely to balance and fill today profile then later could go for 20900/20600.If 22850 clears then 23100-23200 possible.

Levels wise for next session, relief for buyers above 22150 to get 22200-22220/22270-22290 if accepts 22320 then 22375-22395/22460-22490 if sustains 22550-22570/22650-22670/22750-22780 possible. Failing to stay above 22150 could drop to 21950 if sustains 21870-21850/21790 then bounce else weak further below 21780 for 21720/21660/21550/21480 if sustains 21320/21150/21060/20990 possible.

Charts and data :

Notes :

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