Daily market summary,plan charts and data of NF -01Aug’25

Failed trend day with double outside day auction for NF on expiry day. 24870 marked as pivot,24760 support and liquidation expected below 24720 for 24685/24650/24620. They held at open around 24760 and pushed higher but could not clear 24870 then remained in balance later cleared below 24720 and got close lower at 24600.

Neutral extreme down day.

Failed auction at top after outside day and got spike down close = odds to have balance and skew lower further.

Immediate res 24710 for next session to look for balance in spike zone and then follow through down below PDL towards 24550/24520/24485. Above 24710 i.e, well above spike high could test 24750-24760 zone and reject else overlap and reversal higher odds towards 24820/24850 and above.

With swing res at 25050 expected move down towards 24760/24600 after that expiry day auction.This move is done now. Swing negation moves to 24780 now to look for balance and skew down further towards 24500/24420/24330.

Weekly :

Holding 24960 for the week, expected to look for new low below 24830 towards 24775/24720/24650 bounce then more weakness below 24650 expected. They moved down to 24625 then bounced which got rejected at 24960 zone to get 24625 again then closed the week well below there (aug adjusted).

4th week of one time frame down. 24750 pivot for the week and 24920 res for the week. Holding below 24750 pivot odds to get balance and skew down towards 24510-24485 bounce then 24420/24330 odds and extreme case 24150 possible. Above 24750 bounce possible to 24830-24850/24920 zone reject and rotate back down to 24750 and weekly low. Staying above 24920 could get 24990/25050 sustains means 25150/25300 possible.

Monthly :

July was staying below June spike low and accepted in value area of June so odds were there for continuing second disbn on monthly or go for 3rd disbn to close the month.Last week mentioned that rest of July to balance between 25200-24960-24650/24600 outside chance for spike down close towards 24480. They managed to close July with balance inside 24960-24600 then started Aug with swipe below July low now.

June/July got weak lows.June spike up month after clean balance and now July is DD down month. 24920 pivot for month to look for balance and downside.Aug accepting below this two month low zone 24600 could get some quick push down towards 24510/24420/24330 bounce later goes means 24150/24050. Not staying below 24600, Aug could go for overlap in 2months range hence move back to 24750/24850-24920 then rotate down.Later above 24920 could get 25020-50 test then could move further higher straight to 25200/25300.

Chart and data :