Daily market summary of NF and charts, data of NF & BNF -26Dec'24

Back to back inside days last two session and supply seen at top of last session and had incomplete auction at low.No acceptance above 23840 expected repair of poor value area and skew down auction.They tried to clear and stay above 23840 at open but failed and gone for ORR down to get PDL then tight balance and spike down happened below PDL which left tail at low then closed at dPOC.

3-1-3 profile with tails at both ends..Whichever side tail accepts could trend that side, failing to scale beyond tail and back in value means other end of tail and trend that side odds.

Today's buying tail at low good one which makes 23800 good support and they need to stay above 23930 to get PDH swipe and then 23/12 poor high clearance and once done should not accept back in value area.

3days of balance now and likely to get imbalance next.

Levels wise for next session, not able to stay below 23865 and move above 23895 could get 23930/23975 bullish above that for 24010/24040 if sustains 24080/24110 reject else 24140/24170/24210/24250-24260. Not able to stay above 24120 and move below 24020 could drop to 23980-23970/23935/23905 weak below 23900 for 23870-23860/23835 quite weak below that for 23805-23790 if sustains 23750/23715 then could get spike down.

Charts and data - current month :

Charts and data - Next month :

Notes :

a) Check glossary page in website if any of the terms used in the post are not clear.

b) If images are not clear, click on them for enlarged view.