Daily market summary,plan charts and data of NF – 05Jun’26

Buyers failing to get drive/gap up and accepting below 23480 marked for a move to 23440/23360 and above 23540 expected 23580/23620+. They had a open auction which could not stay above 23580 then moved below 23480 to get till 23390 then whipped higher back to 23580..Could not clear then dropped to 23350 and bounced again finally closed at dPOC.

One of solid whipping session closed as 3-1-3 profile and odds for imbalance session next.

23350 zone suggested as good support for entire month and its held in last session too.

Levels wise next session staying below 23350 weakness towards 23280 then sustains means 23240/23190-23180 odds and staying below 23180 calls for a move towards 23145/23115/23060-23040 if sustains then spike down odds.

Failing to stay below 23350 and back above 23420 could get 23450/23480/23520-23540 bullish above that for 23580/23620-23640 if sustains squeeze to 23680/23740.

Swing short view negation at 23580 touched but could not sustain and intra whip also held there..Same negation still for swing short view. If 23360 goes without clearing 23580 means back to 23220-23180 then towards 23040 pending downside obj as stated earlier.

Weekly and monthly :

23350 marked as support on weekly and 23980 as res and expected first half of June to spend in this range. They breached 23350 downside and probed 23220 then bounced and ended as well balanced bell profile for weekly. Monthly cleared May low and doing lower value overlap. 23650 res for the week and 23350 support.

As mentioned earlier in daily report this week has seen some unusual inventory in tape and we are likely to see some large move for remaining weeks of June..Buyers should hold 23350 and clear 23650 then upside opens up for 23800-23830 if accepts then 23950/24040/24200 odds.

23350 goes means liquidation odds towards 23220-23180/23040-22980 bounce and later staying below 22980 opens up 22850-22800 hold else 22650 possible.

Charts and data :