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Daily market summary of NF and charts, data of NF & BNF - 20Jan'25

Writer's picture: RKRK

Bell balanced profile close in last session.Sellers expected to push below 23220 and failing to do so expected PDH/weekly high probe. NF gone for drive down and halted at 23220 then pushed higher to get PDH and weekly high probe to close gap then closed below dPOC.


Double distribution up day moving away from weekly bell balance. Volume and data not with buyers at close and upper disbn gone too skewed.Odds of probing back in lower disbn of the day if they dont get gap/drive early in the session. If sustains in last week value then more weakness.


If they get drive/gap upside then could get short covering profile next.


Swing short negation still at same 23500.As long as not violating this, looking for 23310/23235/23165/23050/22940/22850 this week.


Levels wise for next session, not able to stay below 23330 and moving above 23365 could get 23390/23420 bullish further above 23435 for 23460-23475/23510/23540 reject else 23575/23610/23645. Weak below 23375 to test 23345/23320 bounce else 23295/23265/23235-23225 quite weak below 23220 for 23195/23165/23135-23125.


Charts and data :













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