Daily market summary,plan charts and data of NF – 06Mar’26

NF had a spike up close with no inventory backed up by buyers on Thursday. 24810 marked as support. Below that expected 24730/24650 later below 24635 expected 24580/24550/24490.3 They had opened lower at 24670 then got drive up but failed to stay above spike low and all day gone for tight balance then spiked down to 24500 at close.

Balanced day with spike down close. 24640-24500 spike zone. Staying in/below spike zone = weakness else overlap and fill value area next.

Levels wise failing to stay above 24640 and moving below 24570 could get 24540/24500 weak below that for 24450/24420 bounce else 24385/24350/24310 if sustains then could drop to 24260/24210/24165.

If fails to stay below 24400 and moves above 24460 then 24500/24560 reject else 24600/24650 reject.If accepts 24660 then 24700/24740-24760 and squeeze above 24780 for 24820/24860/24900/24940/24970.

Swing wise marked for move down towards 24730/24600/24450 and below 24400 expecting 24300/24050/23600. they cleared now till 24500. Negation for the view moves to 25050.

Weekly and monthly:

Long term structure looks weak as large gap of Feb closed as well as comfortably accepting below budget session low 24600. Mar shows early sign for long liquidation/elongated profile down. 24700 pivot and 25050 res for next week.

Staying below 24700 looking for 24400/24300-24260 bounce back higher and balance then later staying below 24260 could get 24165/24050/23950 bounce odds. Below 23950 could get 23800/23650-23600 if sustains spike to 23300/23200 in March.

Above 24700 next week could test 24820/24900-24950 reject else 25050 test possible. If that goes means 25200/25350.

Chart and data :