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Daily market summary of NF and charts, data of NF & BNF -15Jan'24

Large drive buying tail and short squeeze profile clearing excess top in last session and closed with bullishness with data and volume..They had a gap up today and closed gap with drive which failed then remained as higher value day all session to close at high.


3rd day of one time frame up and 2nd day of follow through after resolving upside from balance in Jan.Auction incomplete upside.


Some supply into close at upper quad which is not out fully..As long as no acceptance back below 22090-22080 looking for them to be squeezed in next session..If accepts below 22080 then test of VAL and buying tail of today and bounce possible.


Minor spike up close..22128-22149 spike zone.


Swing further probe zones were marked for 22060/22120/22220..NF probed next two zones 22060/22120 today..Remaining probe is for 22220..Swing support same 21780-21820 for remaining month of Jan.


Levels wise for next session, not staying below 22090 and moving above 22125 could get 22150/22180/22220/22250 if scales above 22265 then 22290/22320-22330 possible.Not able to stay below 22040 and moving above 22090 could get 22125/22150/22180/22220/22250. Failing to stay above 22220 and moving below 22145 could get 22120/22090-22080 and weak below that for 22055-22040 if sustains then 22015-21995/21965/21925/21890-21870 possible.


Charts and data :







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