Daily market summary,plan charts and data of NF -04Apr'25

Short covering day on expiry for NF and closed at dVAL with weakness. Not clearing 23370 expected PDL test then liquidation. They got gap down and drive down with volume to get all day down move then closed at low on Friday.

Large selling tail.

4th day of one time frame down.

Double distribution trend day down with dPOC skew at close. Sellers skew at close with volume and data for follow through.Above 23010 squeeze odds.

Swing res moved to 23420 and below 23250 marked for down move till 23020 and NF got well below this in last session. As mentioned in closing commentary, swing res moves to 23120 and downside opened for 22850/22700-22650.

Check plan for trade hypos.

Weekly and monthly :

NF had bell balanced profile last week. 23520 marked as support for the week and below that expected move towards 23380/23250 then 22980/22800 to travel back in outside month. NF gone for trending down week to get 22920 below 23520 and closed at low of week. 23400 sealed now and 23120 immediate res to start the week to get 22800/22650 and on all time frame 22650-22550 solid support band to look for bounce and rally. If that goes means 22425/22275 odds if sustains 22150. Above 23120 test 23200-23250/23340/23450 then decide there to reject or push higher towards 23600/23740.

Charts and data :