Daily market summary,plan charts and data of NF –03Nov’26

NF opened higher above P. Above 23560 marked for 23670 pause then 23780 marked above that. They got 23670 by IB then later got extn to get 23780 by close then closed at high.

Second day of gap up then followed up with large tail then stayed as trend day closing at high.

4th day of one time frame up.

Tempo of this leg has been really good and it seems we are only at mid of large imbalance going on. We had a free fall from 24050-23600 in quick sessions in Sep and we are back in that zone now leaving from high volume balance in Oct. 23850 may offer some resistance for balance. But this tempo if sustains well above 23850 then this rally could surprise further with a quick move till 24040 pause then 24250/24400-24500 then from there could come down also faster. Right now 23350 solid swing support for this imbalance.That goes means imbalance up is over and then we get balance or reversal down.

For next session 23715 immediate support 23650 all day support. As long as we hold these levels we may balance and overlap value area with a bounce back to 23770/23810. If stays above 23820 then 23855/23885/23920 pause later 23960/24000/24040 odds if that accepts then 24100/24150.

Minor weakness below 23715 for 23670-23655 major weakness any only below 23650 for 23615-23595 then liquidation odds below 23590 for 23550/23510/23450/23420/23365-23350.

Chart and data :