Daily market summary of NF and charts, data of NF & BNF -15Oct'24

Short covering day and large buying tail in last session. Once moves away from P for next session expected to defend POC else large tail repair expected. NF got a move higher from P high but could not sustain and accepted below POC which lead to solid liquidation to clear entire tail of last session. Not able to stay above 25290 and move below 25225 marked for probe of 25135 then till 25070-25055 and NF probed till 25065 then closed at dPOC.

Long liquidation day with large selling tail.

Auction looks incomplete at low.

We are still inside large balance and 7th day now. Likely to fill for another day or two minimum this balance.

Holding 25175 next session could fill back to 25100-25090 and weak below 25085 for 25055/25030-25015 bounce else 24985/24950.Not able to stay below 25070 and move above 25135 could get 25170 and bullish above 25175 for 25210/25240-25255 reject else more bullish above 25265 for 25270/25295-25310 pause later sustains means 25335-25350/25390/25440-25450.

Charts and data :

Notes :

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