Daily market summary of NF and charts, data of NF & BNF -30Oct'24

NF had FA low and closed as neutral extreme up day with advantage buyers in last session.24420 marked as support for the session and below that expected move back in value area towards 24395/24365/24335.. They opened lower from close and gone below 24420 at open to get 24365 then after open auction started bouncing higher to get PDH then could not sustain, which gone below 24420 again to get a probe till 24335 and below then closed below dPOC.

Failed auction at top today.

Neutral extreme down day with poor value area.Back to back neutral extreme days opposite side so odds for some balance next session mostly.

Buying tail at low and they need to go above VWAP early in session then value repair possible via slow day.Not able to stay above VWAP and back accepting in buying tail could move down below PDL into 29th value area.

Solid top today and likely to keep the rotation now between 24270-24360-24420-24495 for a session or two and whichever side extreme sustains could get trending move later..Especially upside could result in some spike.

As mentioned in last report 24270-24310 solid swing support which held the neutral day sliding today and same support still and today auction marked 24495 as solid res hence rotation odds as mentioned above.Below 24270 weakness.

Levels wise for next session, move above 24395 could get 24420/24445 if sustains 24480 and later in session above 24495 could get 24520/24555/24590/24630-24650. If fails to stay above 24880 and back below 24440 could get 24415/24385/24360/24335-24320 weak below that for 24290-24280/24240/24195/24160-24145.

Charts and data :

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