Daily market summary of NF and charts, data of NF & BNF -09Aug'24

Green tickz
Aug 10, 2024
2 min read

Neutral extreme down day with FA at top on expiry with weak close.But,NF had a higher open above VAH of 4days balance on Friday.Just had a quick drive up then failed the drive then all day almost stayed inside IB range then closed at dPOC.

Negated FA top of previous session.

Left buying tail and closed at dPOC.

Higher value balanced day above 4days balance. Buyers for next session should defend 24360 zone and look for moving higher..Failing to do so could test buying tail and accepts means back into 4days value odds.

Levels wise, move above 24440 could get 24475-24490/24530-24540 more bullish above 24545 for 24580/24625. If fails to stay below 24330 and moves above 24390 then 24425-24440 then remaining obj as above. Not able to stay above 24470 and moving below 24405 could get 24365 and weak below that to test 24335-24325 then bounce else liquidation odds towards 24290-24275 and more weakness below 24255 towards 24225-24215/24180-24165/24130/24100.

Weekly :

NF had a large gap down and all week held the gap and made good lower value balance week inside Monday range and closed at dVAH. Close with buyers and they should defend 24275 zone all week to look for narrow range days filling back large gap of 300 points over head with a move towards 24470/24540 reject else 24625 reject else 24670 and above towards 24750/24840.

Weak below 24275 for 24215/24120-24095/24020/23960 and stays down below that with daily value could get 23860/23740/23650.

Monthly :

Monthly gone for outside month and making balance below large extn it has made at start of Aug now. 24200-24250 support now if they want to refill large gap upside with a move towards 24540/24650 then pullback if sustains then 24740/24840 which is strong resistance for the month as of now. Acceptance there could push towards 24960-24990 reject else more upside. Not able to stay higher could fill back lower quad of monthly profile with a move back to 24200/24050/23900 then spike extension towards 23750/23650.

Charts :

Daily