Daily market summary,plan charts and data of NF -03Jun’25

Short covering profile in last session and buyers needed driv/gap to squeeze above 24870 to get 24920/24960. Failing to stay above P expected to fall back to 24760/24720/ 24680/24640. They got a drive at open to get 24920 which barely held for a minute and quickly came back to P value which pushed for IB swipe to tag 24720 then after some whips gone done for IB extn to get 24640 then closed at low.

Long liquidation profile with selling tail.

P and then b now..24720 pivot for next session. Holding this sellers need drive down or gap down next to get 24580/24540/24460.And once moves well below PDL should not accept back in value to stay down all day.

Not doing so could bounce back to pivot 24720 and accepts means we could have two way auction roughly between 24650-24720-24800 as we got 2days balance and kind of 3-1-3 now. Sustaining above 24870 calls for squeeze upside.

Chart and data :