Daily market summary of NF and charts, data of NF & BNF -06Nov'24

Neutral extreme up day and inside day in last session. Considered bullish above 24345 for 24480 then 24550/24620.NF gone for a trend day till 24620 then attempt for spike above that failed to leave selling tail then closed below dPOC.

Trend day turned into short covering profile into close due to profit booking with selling tail.

Solid buying tail at low with decent volume becomes good swing support.

Buyers due to dPOC skew close have to get gap up into selling tail then all session next should defend POC..failing to do so could do overlap in value area and test buying tail of the day.

Swing support moves to 24330 from 24100 and as long as this holds upside open towards 24680/24740/24850-24900.

Levels wise for next session, above 24625 could get 24655/24690/24730/24765 then spike for 24820/24850. Not able to stay below 24440 and move above 24500 could get 24540/24580/24610-24620. Failing to stay above 24650 and move below 24580 could get 24545/24520 weak below that for 24490/24450-24435 bounce else could get further weak below 24420 for 24385/24355 if sustains 24320/24280/24240/24190/24150 probe.

Charts and data :

Notes :

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