Daily market summary of NF and charts, data of NF & BNF -20Aug'24

NF printed 3-1-3 profile in last session.At open failed to accept back in value and gone for open drive higher then after IB ended as P with all day tight balance then closed at dVAL.After exhaustion seen at last session, buyers needed to scale above 24640 sustain higher all session with a move towards 24710/24740-24755 and they done this today.

Short covering profile with buying tail.This tail immediate support for next session.Holding this tail buyers should seek overlap and then later range extn higher or better get drive/gap up to move higher further.Acceptance in buying tail could get PDL zone test if sustains means more weakness.

Last session and today session printed lower volume sessions for Aug but still moved higher above weekly resistance 24710. Now, if volume not improving means tough to clear next maj resistance zone 24780-24840.

Levels wise, not able to stay below 24660 and move above 24705 could get 24740-24755 bullish above that for 24780/24810/24840/24870 then above 24885 could get 24925/24955/24990.Not able to stay above 24780 and move below 24720 could get 24685-24670 weak below that for 24640-24630/24600/24575 and more weakness below 24565 for 24535/24505/24470-24460/24430/24400.

Charts and data :

Notes :

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