Daily market summary,plan charts and data of NF -02May'25

NF started the day with open drive above 3-1-3 profile to move far away from earlier excess tail zone but failed the drive to get PDL then bounce failed to clear VWAP and closed below dPOC.

Large long liquidation profile after negating excess top.

Outside day.

Close was again weak with good volume. 24465 then 24570 res for next session to look for value overlap and staying below 24340 calls for more liquidation. Staying above 24570 calls for short covering profile.

Swing bearish view negated with a move above 24520.

Weekly :

NF closed last week at dVAL.Not able to stay below 24100 expected bounce back to 24180/24240 if sustains higher then 24340 pause then above 24350 marked for 24410/24490 and reject else move towards 24600/24700/24850+ expected. They held above 24100 and bounced above 24490 till 24560 then pushed back to 24350 then again bounced till 24700 and retraced back to 24300 and closed at dVAL of the week again.Towards end of week good whip happened failing to hold above 24500.

3rd week of one time frame up and two way balanced week closed at dVAL. Sellers advantage and need to stay below 24340 earlier in the week for liquidation.Failing to do so could move back to 24465 which is pivot if accepts 24520/24570 reject else 24640/24740/24850/24975/25130/25250 odds. Failing to stay above 24570 could rotate back to 24465/24340 if sustains then 24240/24165-24120 bounce odds and staying below 24120 could get 24050-24025 and more downside below that towards 23850 as spike.

Monthly :

Monthly expected to balance between 24500-24000 and above 24500 expected large move higher towards 24700/24850/25250. They had that move higher after balance but got sharp rej at 24700 and whipped the rally with a retracement below 24500. Same view again. Sustain 24500 we get rally higher for same obj upside and not able to do so fill back between 24000-24150-24240-24500. Liquidation odds below 24000 for 23850/23650/23500.

Charts and data :