Daily market summary of NF and charts, data of NF & BNF -27Nov'24

NF had long liquidation auction in last session.Expected balance for another day and NF gone for balance in first session via open auction then got extension higher then closed at dVAH zone.Failing to stay below 24160 and move above 24215 marked for 24260 then till 24320/24355/24385/24415..NF made this move after making balance in first session.

Double distribution up day.

Negated FA left at 24365 on 25/11.

As long as holding lower disbn of today next session likely to overlap in higher quad and look for range extension higher.

Last session observation was that only weak buyers got cleared and trend day of last week buyers holding auction still.Path of least resistance marked upside for 24320/24380-24410/24500/24630/24800. NF tagged 24380 today and swing negation now moves to 24140.

Levels wise for next session, failing to stay below 24260 and moving above 24315 could get 24340/24365 bullish above that for 24395/24425/24460 then spike odds towards 24490/24525/24560/24610/24635/24665-24680. If fails to stay above 24340 and moves below 24290 could get 24260/24235 weak below that for 24205-24190 quite weak below that for 24160/24135/24095/24050/24010.

Charts and data :

Notes :

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