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Daily market summary of NF and charts, data of NF & BNF -16Dec'24

NF had high volume triple disbn up day last session..Open inside range and clearing 24780 marked for 24740-24720 bounce then clearing that band expected to get 24680/24650-24630 bounce expected. NF gone for 24740 test at open then bounced as OTD up then failed to hold drive and cleared 24720 to tag 24660 then all day gone for balance and closed at dPOC.


Long liquidation profile cleared extn singles above 2nd disbn of last session.


Inside day.


Sellers advantage at close data wise..They need to stay inside value area at open so that could swipe VAL/PDL zone and then not able to stay below PDL could get move up later.Value below PDL or drive below PDL with volume could get another liquidation day.


Levels wise for next session,not able to stay below 24670 and move above 24710 could get 24735/24765 and above 24765 could get 24795-24805/24835 reject else 24865 bullish above that for 24905/24945/24980/25010/25050+.Not able to stay above 24810 and move below 24760 could get 24730-24720 weak below that for 24690/24665/24635 bounce else below 24620 could get 24580-24560/24520/24490/24460-24445.


Charts and data :




















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