Daily market summary,plan charts and data of NF – 04Mar’26

After last session, observation was that swing wise structure gone weak as its spike + gap + tail combo and large gap of Feb closed inside month.Expected NF to get swing move down further towards 24600/24300/24050/23600. It has got another gap down clearing 24600 and moving till 24425 then bounced and closed at dVAH.

Failed double disbn day.

Gap down and gap remained open at close.

Closed at dVAH. Buyers need to defend VAH at start of session then get drive up or gap up and stay higher without coming back to value area..Failing to do so and accepting inside value area could get POC/VAL/PDL and sustains means liquidation.

Levels wise, holding 24540 could bounce to 24580/24620 reject else 24660-24690 reject and rotate down..Above 24700 could get 24740/24780 if sustains 24820/24850 odds..24850 good swing res now. Above 24860 odds to get 24900/24930/24960/24990.

Failing to stay above 24720 and back below 24640 could get 24600/24565 and weak below 24560 for 24525/24485 if sustains 24450/24420 odds and liquidation below that for 24385/24350/24310 bounce else 24260/24210/24165.

Larger time frame structure weakness probed next obj 24600 and 24300/24050/23600 are due. Negation moves to 25350 from 25600.

Chart and data :