Daily market summary of NF and charts, data of NF & BNF -10Dec'24

Marked 24765 as res and 24680 as support for NF and it stayed within this entire first session after marking IB extremes at these levels. Considered weak below 24680 for 24650/24620/24590-24565 then bounce expected.They had extension down in mid session clearing 24680 and probed 24595 then bounced and closed above dPOC.

Long liquidation failed double distribution day as extn handle closed intra.

Solid buying tail at low from swing support zone.. As long as this low holds odds to get balance and skew higher in last two session range.

To start the day 24690 could act as pivot..sustain and push higher and once done defend this else drop back to dPOC zone..then defend that bounce and balance then later squeeze odds. First sign of weakness if stays below dPOC and solid weakness below PDL.

Swing wise 24560-24600 support band to look for 24780/24860-24890/25010/25100-25150.

Levels wise for next session,not able to stay below 24650 and move above 24690 could get 24730/24765/24795/24830 or drive above 24735 with volume could probe above levels and anything above 24835 could get spike towards 24895+.Not able to stay above 24760 and move below 24690 could get 24660/24630-24615 weak below 24610 for 24580/24550 quite weak below that for 24510-24490/24450/24420.

Charts and data :

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