Daily market summary,plan charts and data of NF – 03Aug'26

Gap up and 6th day of one time frame up.

Another short covering day with poor volume. Its series of P profiles in this run so straight 4 sessions..Soon buyers need a clean trend day or DD day type auction than such short covering profiles as we have almost reached yearly profile large HVN zone around 24750.

Failing to get such auction other than just P profiles usually brings in one clean liquidation break day then we may go in for large balance then could continue further move.

Buyers need drive up/gap up next. If opens inside value area then defend 24580-24600 and fill value area then look for extn higher above 24690 to get 24720/24755 pause if sustains 24765 then more upside to 24800/24840-24860.

Not able to sustain above 24690 and back below 24650 could get 24620/24585 bounce else weakness below 24575 for 24540/24510 bounce else 24480/24440 odds.

Chart and data :