Daily market summary of NF and charts, data of NF & BNF -23May'24

2days composite P close in last session and buyers next needed to push higher from this P which they done right at open with drive..then all day remained as trend day to get ATH and closed at high.

Solid volume based initiative move from NF today with multi distribution trend day.

4IB day.

5th day of one time frame up.

22935-22950 support for first session next.Holding this balance and skew higher possible. Failing to stay above PDH could test this zone then could bounce with balance. Minor weakness if sustains 22935 and major weakness only below 22850.

22850-22880 becomes swing support now and as long as this holds upside is open towards 23150-23200 pullback then 23350-23400 possible as swing move.22850 goes means could clear lower disbn of today/test tail zone then bounce for balance in today range for few sessions possible.

Levels wise for next session, not staying below 22940 could chop back to 22980 if sustains 23010/23040-23060 probe and above 23065 could get 23095/23120/23150/23190-23210. Not able to stay above 23040 could drop to 22980/22950-22935 then bounce else 22900-22890 if sustains then 22850-22835/22805-22790 probe possible.

Charts and data :

Notes :

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