Daily market summary of NF and charts, data of NF & BNF -19Feb'25

NF had a inside day and imbalance session next expected. Opened lower and rejected at VAL zone to get open rejection reverse up. Above 22990 buyers expected to push far away which they did in IB and extn and once such move done they are never allowed visit back 22990. They got back below 22990 failing morning drive then gone for prolonged balance and later moved down to last session VAL then closed at dVAL.

Push above two days balance and closed inside balance at dVAL.

4 days of balance now and test of extn handle from 14/02 rejected with selling tail as well as bounce intra got supply to push lower to clear almost entire morning buying tail.

Both above info suggests weakness to retest 4days balance low zone then decide follow through downside or bounce back to mean again.

Immediate resistance for next session 22990-23005 band.

Swing wise 23095-23100 good res now to look for 22850/22780/22720/22665.

Check plan for trade hypos.

Charts and data :

Notes :

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