Daily market summary of NF and charts, data of NF & BNF -28Jan'25

NF opened higher above VAH of last session b profile but could not hold and got open drive down to check into value area of last session in IB..Later gone for balance which got extn higher and turned into trend day closing gap at top and then at last hr failed the trend day with a drop back to day lower quad then closed at dPOC.

Failed trend day failing to accept back in last week value. Such whipping failed trend days could seal upside temporarily and go for balance to skew down for repair of poorly auctioned zones.

Two days range repair odds now as we got poor value area today as well as got unfinished job at lows of last session.

23045-23060 immediate res zone then 23120-23130 solid res zone for next session..Till we get repair probe at 22915/22850-22835 zones bounces could face pressure.

Swing short view they negated today at 23120 but that zone could not sustain and rejected quick with selling tail today..So, swing same bias to have short view with negation at 23180 for 22850/22765/22650.

Levels wise for next session, not able to stay below 22895 and back above 22990 could get 23030/23075 reject else above 23085 could get 23115/23145/23175/23210. Not able to stay above 23040 and back below 22990 could get 22960/22930/22895-22880 bounce else 22850-22835/22795.

Charts and data :

Notes :

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