Daily market summary of NF and charts, data of NF & BNF -28Aug'24

2days composite P it was at close in last session and expected balance with 25075 as ref to hold for overlap auction to test PDL.Above 25075 expected squeeze and imbalance move. NF able to hold below 25075 and tested PDL then balanced in first session then got a clean extn above 25075 to squeeze and get ATH which later failed to hold the extension and closed at dVAL.

Failed double distribution trend day after printing ATH.

3rd day of one time frame up.

Upper distribution of today could act as ST excess top to fill failed extn singles zone of the day and accepts in lower disbn means possible to get PDL zone and spike lower. Acceptance in upper distribution could spike higher.

Swing expected to get 25110/25175/25250 and NF moved till 25140 today. Support moves to 24950 now for swing from 24840.

Levels wise for next session, not able to stay below 25010 and move above 25050 could get 25075/25100-25115 if sustains 25120 bullish for 25145/25175/25200/25240. Not able to stay above 25110 and moving below 25075 could get 25050/25015-25005/24965 then bounce else 24935-24925/24895/24865/24840 possible.

Charts and data :

Notes :

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