Daily market summary,plan charts and data of NF – 02Feb’26

NF held at buying tail of last session and gone to POC of last session today then closed at highs.

Failed auction at low.

Neutral extreme up day with good volume but no inventory back up from buyers.

Spike up close. 25075-25160 spike zone. Stay in/above spike zone = bullish and staying below spike is weakness.

NF cleared immediate res 25050 today with spike and that zone becomes support for next session. As long as that holds, could test daily time frame strong res 25200 and reject else could move to test weekly swing res 25300-25350 zone then decide there.

As the day ended with no inventory back up from buyers, maintaining same view that holding 25300-25350 band looking for large balance and based on today auction retest of 25870 zone due for repair. As long as no acceptance above 25350 this repair could take place in this week and accepts higher above 25350 this view negates.

Levels wise for next session, move above 25160 could get 25210/25250/25290/25325-25335.. Any rej in this move and gets back below 25130 could get 25090-25075/25045 bounce..Weak below 25040 for 24995/24945/24905/24865-25850 if sustains could spike till 24780/24720-24680. If stays above 25365 could spike to 25410/25450-25470.

Chart and data :