Daily market summary,plan charts and data of NF -01Apr'25

NF cleared large buying tail of expiry day and left another buying tail at close in last session.Buyers had to defend this tail and stay above 23680 next session for overlap session else liquidation expected.It got a gap and had a drive up but could not stay above 23680 and gone below PDL early in session failing drive then all day remained down then closed at low.

Trend day down with good volume which makes 23490 as immediate resistance for a day or two.

Incomplete auction at low and with dPOC skew down close with such volume and data, odds there for follow through down.

Weekly profile bell balance resolved down today below weekly support 23520 and once that gone marked a move for 23380/23300-23250 test and it is done today. Swing res now at 23600. Buyers at any cost should defend 23250 else weekly could see more downside towards 23150/23050-23020. If 23250 holds around then balance possible between 23250-23420-23550.

Check plan for trade hypos.

Chart and data :