NF Daily Plan | 9th Jan 2024

Daily Market Profile Chart :

Contextual Analysis :

NF getting value in the lower distribution of DD trend day the bias was towards downside targeting 23640/600 levels and below 23600 towards 23500 levels. NF had an open below previous day value and then got acceptance in previous day tail zone marked weakness towards 23640/600 levels. NF did the objective of tagging 24600 by G period . This 24600 levels was weekly tail zone and responsive buyers from HTF entered and pushed price back above IB making a neutral day closing in NF.

Neutral extreme day up with buyers and they need to hold 23724-23700 levels and push price above PDH to target towards 23820/840 and above 23840 targeting 23890 levels.

Acceptance above 23890 levels targeting 23980 levels. Value above 23980 is to look for reversals targeting 24116/24115 levels.

NF after neutral day and today if they break the demand zone of 23724-700 levels then bias is on the downside targeting 23650/23600 levels.

Acceptance below 23600 again liquidations towards targeting 23580/23500 levels.

Acceptance below 23500 levels targeting 23400/23367 levels.

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