Daily market summary of NF and charts, data of NF & BNF -05Mar'25

NF had a short covering profile in last session and observation was that market trying to find bottom last two sessions and support for buyers marked at 22125 zone. Today they had a open drive with volume starting well above from this support zone and all day gone for short covering move then closed at dPOC.

Large tail and short covering day.

8days of one time frame down stopped.

With large tail from today then trend day turning into P at close, market could get back to balance as suggesting in last report. We may stay in range of 22150-22270-22480-22620.

22380 buyers need to defend next session else we may go for testing VAL and tail zone.Holding 22380 zone / failing to stay below that zone could push for overlap in value area and look for squeeze further above PDH.

Check plan for trade hypos.

Charts and data :

Notes :

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