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Daily market summary of NF and charts, data of NF & BNF - 27Dec'23

It was short covering profile in last session..Buyers next needed drive/gap. They got slow drive up at open..Upside obj marked till 21610-21625/21655-21665 and they have made high at 21619 then dropped to make bell balance which later got spike higher into close.


3rd day of one time frame up to print ATH.


Short covering profiles by 3days entering into imbalance zone of 20th 7IB down day and accepting 21490 suggested new ATH possible in coming sessions.They resolved higher above that outside day today with spike to get ATH..Spike rules apply for next session..21629-21708 spike zone..Stay in/above spike zone = bullish and stay below it calls for weakness.


21660-21670 then 21620 two zones looking for buyers to hold in next session and upside probe is open towards 21740/21780/21820-21840.Weakness below 21620 for 21590-21580/21545/21515/21485.


Charts and data :













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