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

Green tickz
Oct 27, 2024
2 min read

Normal day bell balance profile on expiry suggested for imbalance next session.Staying below 24420 considered weak to get till 24225.NF gonefor this via large IB itself then gone further lower all day then bounced to close at dVAH.

Large liquidation day with large selling tail.Range and volume at this zone suggests kind of climax done for this leg and sm balance or relief bounce possible.things continue to weak if this b starts accepting further.

Large selling tail.As long as no acceptance in selling tail,value overlap next and not able to stay in value area and stats accepting selling tail means balance and skew higher next session.

4th day of one time frame down.

Swing has met all obj with a probe below 24150. Will wait for a day or two to draw next levels.

Levels wise for next session, not able to stay above 24240 and move below 24180 could test 24150/24115-24095 bounce and balance and weak below 24075 for 24040-24025 if sustains 23970/23930-910/23865-23850.Above 24245 could test 24280 reject else 24310/24345-24360/24395/24415/24450 odds.

Weekly :

25040 marked as res and 24800 as support.Staying below 25040 expected rotation down to 24830 bounce else 24660 then spike below that for 24450 expected..Week started with rejection at 25030 and stayed all days down as one time frame down to get way below 24450 till 24070 then closed at lower quad of the week.

With large tail and IB range at this zone,some sign that climax move happened on Friday.So, odds for some balance as long as Friday low holds..So, holding 24075 looking for balance and skew higher for the week towards 24280/24350/24420 reject else 24490/24550 reject extreme case 24650-24680 upside then rotate down.Above 24680 easy move towards 24760/24840-24860 halt and reject else 24940.Weakness continues below 24075 for 24020/23940-23915 bounce else 23850 and solid spike below that towards 23770/23665/23550/23450.

Monthly :

Oct expectation was to look for balance and skew down towards 24850/24675/24400/24250 for the month and it moved now well below 24250 till 24070. If holds this low means could balance/bounce roughly between 24050-24350-24550-24650-24850 then could decide later. Weakness continues below 24000 for Oct towards 23850/23665/23450.

Charts :

Daily