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

It was normal day balanced profile last session.Sellers had to defend 23320 and push down.If downside move lacks volume then overlap session with a move to POC then higher expected..NF defended 23320 and gone down to swipe PDL on lower volume move..Then started accepting above 23320 for which probe was marked upside till 23440-23450 which they did all day and later into close cleared all extn handles of the day then closed below dPOC.

Outside day.

3-1-3 profile with tails at ends and balance in between. Sustain value area = trend else go for overlap again in value area.

2days of clean balance now.Odds are higher for another session of overlap to make it as 3days balance if fails to sustain value area.If sustains value area then balance in tail zone and tail goes means acceleration odds.

High is weak on swing.Just rejected at where we closed on 03/04..Likely to be cleared after sm balance.

23150 remains as good swing support.

Levels wise for next session, not able to stay below 23230 and moving above 23275 could get 23305-23315/23345-23360 if sustains 23395-23405/23440-23450 and further squeeze above that towards 23520/23580/23640. Not able to stay above 23350 and moving below 23300 could get 23275 weak below that for 23250//23225/23200 if sustains 23165-23150 bounce possible. Quite weak below 23120 for 23080/23040-23020 bounce else 22960/22930 probe.

Charts and data :

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