Daily market summary of NF and charts, data of NF & BNF -29Oct'24

Short covering profile in last session. 24450 considered as ref if not accepted then expected move back to 24300/24230/24190-180 then bounce expected. They tagged 24190-24180 end of IB then bounced clean and then again a test at low could not sustain which bounced it all day to get IBH and PDH swipe then closed at high.

Failed auction at low.

Neutral extreme up day.

Triple disbn day auction wise.

Buyers advantage at close and as long as stays above 24420 next session looking for follow through higher..If opens higher then pullback and whip is fine but should not violate 24420 and should bounce. Acceptance below 24420 could rotate down in today's value area.

After today's auction 24270-24310 solid swing support..As long as this holds, week could remain higher.Goes means liquidation back to lower quad of the week as well as last Friday low zone.

Levels wise for next session, move above 24495 could get 24520/24555 if sustains 24565 then 24590/24630-24650 tough to clear straight and rejection possible later sustains 24685/24715/24760. If fails to stay below 24310 and accepts above 24360 then 24395/24430/24470 probe. Not able to stay above 24550 and move below 24465 could test 24430-24420 bounce else weak below 24420 for 24395/24365/24335 if sustains below 24320 then 24280/24240/24195.

Charts and data :

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