Daily market summary,plan charts and data of NF – 04Nov’25

Short covering profile with good tail for NF on 03rd close. Defending 25860 expected balance in value area and considered weak below that for 25825/25780 then liquidation towards 25730/25690 marked. They had a open test drive down clearing 25860 early in session and got straight 25790-25780 early then later started accepting below 25780 to get 25690 by end of the day then closed at low.

Double distribution trend day down closing at low. Weakness and auction incomplete at low.

4th day of one time frame down.

Staying below 25765 for next session could balance and skew down towards 25650-25635/25605 and more weakness below 25590 for 25560/25535/25510/25485.

Not able to stay below 25650 and accepting above 25720 could test 25750-25765 reject else 25795-25805/25840 odds and acceptance above that could get 25880/25915/25940/25970-25980.

Couple of weeks balance which were made full of b and P profiles resolving down which has opened a move for swing towards 25605/25520/25450. Negation at 25840 for the view.

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