Daily market summary of NF and charts, data of NF & BNF - 26Dec'23

Neutral center day with FA low in last session for NF.Buyers expected to defend 21360 for a move back to 21450-21475 to fill then above that probe was marked for 21510/21535/21580. NF had a open rejection reverse up IB auction defending 21360 which filled till 21470 then got extn till 21530 and later all day remained in value area then closed above dPOC.

3rd day of short covering into imbalance zone of 20th 7IB down day..Today started accepting above 21490 into extension singles of that day which suggests new ATH possible in coming sessions.

Today in tight range of value area lot of rollover volume happened..Buyers next need drive / gap above today short covering profile else overlap and test to today lower quad then bounce possible.

Levels wise for next sessions, buyers need a drive above 21525 to get 21560/21585/21610-21625/21655-21665. If fails to sustain below 21420 and move above 21475 could get 21500-21510/21535 overlap.If fails to stay below 21360 and move above 21425 could get 21460/21490-21510/21535 overlap.

If not able stay higher above 21550 and move below 21510 could get 21480-21470/21445 overlap and weak below that for test of 21420-21410 which should bounce as its good support else 21385/21360-21345/21315/21285 probe possible. Anything below 21280 could give a move towards 21240/21215-21190.

Charts and data :

Notes :

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