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

Gap down and selling tail with incomplete auction at low for NF on Monday. Expected one more swipe low then overlap auction expected next. NF done the same in last session then closed at low.

No demand no range day with overlap auction.

Poor low and swing wise not done yet.

4th day of one time frame down.

Sellers need to get early follow through next session holding below 22650..Above this zone, minor squeeze odds.

Swing wise downside they met all obj with a probe towards 22575 on Monday hence expected balance roughly between 22500-22900 as we got large time frame support between 22500-22550 zone. We got swing low as poor low now hence its not done yet for swing. If not having early follow through downside in next session, we may continue balance for a session or two then could clear this low to start next leg down.

Check plan for trade hypos.

Charts and data :

Notes :

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