Daily market summary of NF and charts, data of NF & BNF -13Dec'24

Green tickz
Dec 13, 2024
2 min read

Long liquidation profile and 5days of clean bell balance at close in last session for NF..They had a clean gap down and drive down with volume which failed to hold and closed gap as well as accepted back in low volume 5days balance, which pushed back to other end of balance then closed at high.

NF marked low and high of the week today with triple disbn imbalance up profile then closed at high.

Heavy volume session marks extn singles and VWAP of the day good ref going forward.

Large outside day.

Buyers need to defend 24740-24780 next session.Holding that upside could continue further..Not able to stay higher above PDH and breaking 24740 could go for part of profile repair.

Swing long got negated today at 24590 and bounced. Early next week auction could suggest if we are going for one time frame up from here or going for large balance. Composite chart posted below could be ref to look for to get bell from P if this wants to go for large balance.

Levels wise for next session,not able to stay below 24720 and move above 24760 could get 24795/24840-24865 bullish above that for 24905/24945/24980/25010/25050+.Not able to stay above 24980 and move below 24860 could get24820/24780..If opens inside range and clears 24780 then 24740-24720 bounce else 24680/24650-24630 bounce else below 24620 could get 24580-24560/24520/24490/24460-24445.

Weekly :

Last week closed as second week of one time frame up with bullish close. They needed to push higher earlier and not able to stay higher above 24865 and clearing 24720 expected one test at 24660-24620 zone bounce extreme case 24560 test bounce expected and below 24560 marked for 24460/24380-24360/24260/24175/24100. Slow days auction they had in the week holding below 24865 to get 24595 then bounced and later cleared 24560 to get till 24230 then bounced back to 24865 to close the week.

Inside week. Considering composite two week P, buyers need to push higher early in week first or second day max to stay above this P composite to remain all week/month higher..Not able to push higher or pushed higher but back in value area of this P means odds for overlap to fill back value area.24720-24760 pivot for the week to push higher towards 24940/25010/25100-25150 if sustains 25250/25350 and above odds. After a push higher above 24900 and comes back below 24800 then test 24740-24720 bounce else 24650/24580-24550 solid support for week goes means 24450 and below.

Monthly :

24400 marked as pivot for Dec to look for balance and skew higher towards 25050/25200/25350.They whipped badly this 24400 and pushed higher.For weakness on monthly,below 24400 daily value needed..They just swiped that and got response from buyers so again same 24400-24450 band ref for month of Dec as well as for Jan. Holding that balance/range extreme higher odds as we are making P monthly now.Upside obj for monthly same as marked earlier 25050/25200/25350.Whenever 24400 goes we move down towards 24200/24050/23850.

Charts :

Daily