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Daily market summary of NF and charts, data of NF & BNF -18Nov'24

Long liquidation profile with clean tail at top in last session.Staying below 23660 expected to retest PDL and sustains means weakness marked for a move till 23450/23415/23380.NF cleared PDL earlier in the day and probed till 23400 then bounce also could not clear 23660 and all day stayed down as balanced profile then closed at dPOC.


Failed auction at low. This FA got no committed inventory from buyers. To to get a relief, buyers of this FA have to next accept above 23590 to get PDH and above then have to stay higher all day.Failing to do so could get overlap value area auction and also could retest PDL and below.


Neutral center day.


4th day of one time frame down.


23460 support downside and 23590 res upside for next session to look for balance inside then later trend beyond this.


Swing probe marked for 23550/23455/23365/23250 and probe is done now till 23450. Negation moves to 23700 from 23750 to look for remaining obj 23365/23250.


Levels wise for next session, above 23595 could get 23625/23655 and further bullish above 23665 to get 23695-23715/23750 if sustains 23795-23805/23845-23855 or not able to stay below 23390 and move above 23475 could get 23510/23545/23575-23585. Failing to stay above 23580 and break below 23510 could get 23470-23460 weak below that for 23435/23405/23365-23350/23305/23275/23240-23220.


Charts and data :






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