Daily market summary of NF and charts, data of NF & BNF -24Feb'25

Buyers had decent low in last session but had no inventory back up from buyers at close. Expected liquidation day if last session low goes.Today got gap down below PDL which lead to liquidation in IB period then got tight balance and all day bounces sold off and closed below dPOC.

Gap down and selling tail.

Long liquidation day with no demand again at close.

Auction incomplete at low.

3rd day of one time frame down.

Staying below 22710 for next session odds to get one more swipe below PDL then we may have overlap balance session odds. Any squeeze above 22710 means then all day should not move below 22670 if happens then value area overlap and PDL test odds.

Swing wise next marked for 22665/22590-22550 zone and its completed today. Looking for a balance now roughly between 22500-22900 as we have good support zone from large time frame between 22500-22550 zone. Need volume based move if they want to sustain below this band which is possible may be after sm balance only.

Check plan for trade hypos.

Charts and data :

Notes :

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