Daily market summary of NF and charts, data of NF & BNF -21Oct'24

It was good DD trend day from NF on Friday and job of buyers was to defend POC and look higher else repair of upper balance of last session expected..They tried to look higher early but failed to hold POC which lead down for solid open test drive with volume which cleared entire lower disbn of last session then all day remained as long liquidation profile then closed at dVAL.Failing to stay above 24990 and back below 24950 expected 24920 and marked weak below that till 24815 then 24775/24740/24705. NF gone for a move till 24725 today.

Today's auction negated DD trend day auction of last session and printed LL profile with auction incomplete at low..Looking for retest of Friday low zone holding today selling tail which had good volume.

Two good res to start the day next 24850-24875 extreme case 24925-24940 to look for PDL retest and Friday low zone test or drive down below PDL could get Friday low zone then could bounce to above res zones then could remain in balance..

As of now 3days auction, 3-1-3 in making so likely to have a session or two to remain in this balance roughly between 24600-24800-24950 then later could seek move away from this zone.

Today auction suggests larger time frame not done their job and monthly going for extended b profile with acceptance below 24800.Weekly resistance marked at 25040 to rotate back to 24830 and no bounce means 24730 expected..this is done today..Likely to get more downside for the week.Swing negation same 25080 to look for 24680/24600 pause then later 24450/24250.

Levels wise for next session, move above 24875 could get 24915/24945-24955 reject else more bullish above 24965 could get 24990/25025-25040 reject else 25075/25110/25140-25155.If fails to stay below 24690 and moves above 24790 then 24825/24860-24870 reject else more upside as mentioned above. Failing to stay above 24840 and moves below 24780 then 24750 weak below that for 24720/24690-24680 bounce else 24645/24595/24565.

Charts and data :

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