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

NF moved away from 3days balance and printed normal day higher value in last session. Got another gap today which could not sustain above IBH then closed gap.Post that remained in tight range then resolved downside at close then closed below dPOC.

3-1-3 profile with tails at both end and balance in between. not able to stay beyond value early in session could fill back value area and later staying beyond value could get a trending move.

Last two days range and volume suggests some exhaustion and also today close below dPOC suggest sign of inventory booking out profit. We could look for some balance in two days range or pullback downside into 3days balance if we stay below 24300 next. Fresh leg upside if we get volume and value above 24445 straight or after having a balance.

Swing probed its final obj today at 24440. Support remains at same 24280. If at all goes for balance between 24300-24450 and sustains higher later then could look for 24540/24640 next.

Levels wise for next session, move above 24405 could get 24435-24445/24475 and further bullish above 24490 for 24525/24550-24560. Not able to stay below 24335 and moving above 24375 could get 24405/24435-24445. Failing to stay above 24440 and moving below 24400 could get 24360 weak below that for 24330-24315 if sustains 24285/24255-24240/24215-24205 possible.

Charts and data :

Notes :

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