Daily market summary of NF and charts, data of NF & BNF - 22Jan'25

After having long liquidation day with spike close in last session expectation was to have balance and skew down next. Marked 23220 as res..Not able to stay above 23190 and accepting back below 23145 marked for a move till 23045 and they got this via noisy open auction move in first session..Then not able to stay below 23020 and move above 23105 expected a move higher towards 23145 then till 23210 which they got in closing hour then closed at high.

Failed auction at low.

Neutral extreme up day.

Closed above spike high of last session testing first res zone 23220. This low and close suggests this could be temporary good low now to hold. We may look for few sessions now inside last session large outside day range.23100-23130 now support for next session.

Swing short view from 23725 probed till 23020 and am closing this view now based on today’s auction. As long as we are holding 23020, no short view now for swing.

Levels wise for next session, not able to stay below 23120 and moving above 23185 could get 23220 if accepts 23255-23265/23300/23335 reject. Furher bullish above 23345 for 23375/23405/23440.If fails to stay above 23320 and moves below 23230 could get 23190-23180/23150/23120 bounce else 23090/23055 and weak below 23040 for 23010/22975-22965/22935/22900/22865-22850.

Charts and data :

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