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

NF had Neutral extreme up day closing at dVAH in last session.Range and volume wise lower than average so expected to stay inside balance of last 4days range..NF held inside this 4days balance in first session then got clean extension higher today above this balance in second session.Move above 24405 marked for 24445/24475/24525 and NF made a probe till 24510 then closed at dPOC.

Double distribution up day with clean extension higher above 4days balance.

24430-24450 good support for next session. After today's DD profile, buyers job to hold this band and stay higher next. As long as this holds, upside is open towards 24560/24590.

Levels wise for next session, move above 24495 could get 24525-24535 if sustains 24560/24590 probe possible. If fails to sustain below 24435 and moves above 24470 could get 24495/24525-24535/24560.Not able to sustain above 24535 and move below 24470 could get 24440-24425 weak below that for 24390/24365-24350/24315.

Charts and data :

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