Daily market summary of NF and charts, data of NF & BNF -11Dec'24

Long liquidation failed double distribution day for NF in last session..With good tail at low in last session broader expectation was to look for skew back in two days range and to start the day 24690 marked as pivot and later above 24735 marked for 24765/24795/24830.NF had a open auction to start the day then later moved to 24795 then dropped and closed at dPOC.

3-1-3 profile with secured ends and well balanced profile. Sustain value area = trend else overlap to other end of value area and look for trend that side..Likely to have imbalance session next.

Buyers need to clear 24795 with volume because this 4days balance looks like exhaustion in upper quad of last week imbalance profile from 05/12. Need a effort now to scale higher to avoid overlap.

Failing to do so could get back lower quad 24650-24620 zone of this 4days balance then might bounce.

Swing wise marked for 24780/24860-24890/25010/25100-25150.It probed 24780 today. Negation for this view at 24590 to look for rest of obj.

Levels wise for next session,not able to stay below 24680 and move above 24720 could get 24750-24765/24795 bullish above that for 24830/24860/24895+.Not able to stay above 24790 and move below 24750 could get 24720/24685 weak below 24680 for 24655/24630-24615/24580/24550 quite weak below that for 24510-24490/24450/24420.

Charts and data :

Notes :

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