Daily market summary of NF and charts, data of NF & BNF -17Dec'24

NF had inside day in last session with long liquidation profile and sellers had advantage data wise at close.They had a open at PDL zone and gone ORR down then printed good tail which kept price down all day repairing extn singles and disbn of 13th profile then closed at dPOC. Downside marked till 24445 once 24620 taken out and they cleared below 24400 today.

Long liquidation trend day with selling tail.

Auction incomplete at low.Clearing 24550 as well as 24400 weak hence one more push down due towards 24320/24290 atleast.

dPOC skew down and close at dPOC with again data at close favoring sellers.

Levels wise, 24410-24480 whip zone and once whips done and stays below 24380 weak for 24350/24320/24290-24280 bounce else 24250-24235 and quite weak below 24220 for 24190/24165/24130/24065/24020. Not able to stay below 24330 and back above 24435 could get 24465-24480 relief above that for 24515/24550-24560 quite bullish above that for 24595/24620-24630 reject else 24680/24715-24730 odds.

Charts and data :

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