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

Long liquidation profile closing below NE day on Thursday. Open itself cleared PDL zone and gone for volume based drive and had to check weekly levels which were marked weak below 24280 to get 24150 bounce else 24050/23950 then spike down expected. They gone till 23900 then made sm balance as liquidation profile then moved back to dVAH and then closed below dPOC.

Large selling tail and large liquidation profile. As long as we stay below 24350 balance and skew down odds.

dPOC skew at dVAH on liquidation profile at close. 24030-24140 range is whip zone and buyers need to sustain above 24140 next to get 24180/24210/24240 rejection possible.If sustains 24260 then 24300/24340 probe.

Not able to stay above 24180 and back below 24120 could go for value fill either straight or two way auction to get 24075/24045-24035 and further weak below 24030 for 23990/23960-23935 and 23930 accepts means another liquidation break towards 23890/23865 bounce else 23820/23770/23730/23665.

Broader view for next session or two is to auction between 23865-23930-24140-24240-24350 and whichever extreme gets cleared after balance could trend further.

Charts and data :

Notes :

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