Daily market summary,plan charts and data of NF -07Apr'25

Large gap down day and gap remained wider despite closing at highs.

Failed auction low.

Neutral extreme up day.

Heavy volume i,e, close to 3x of 10day average volume. Safe to say solid swing low in place.

5days of one time frame down.

Levels wise, 22225 support for next session. As long as this holds move up towards 22425 no rejection means 22500-22550/22650 zone then decide..Comfortably accepting above 22650 could push to 22740/22850.

Once moves above 22425, fails to hold and back in range means test 22225/22150 zone bounce else 22080/22020-21990 zone and solid support for next few sessions 21990-21950.Goes means we could look for new low towards 21740/21650/21500.

Swing downside expected towards 22650-22550 and they moved further lower to clear weekly/monthly probe zones 22275/22150 and till 22860. Swing resistance now moves to 22650.Relief from pressure only if this accepts. As long as this holds bounce could face sm rejection and retest today range / value before any large rally. Swing short view gets closed above 22650.

Chart and data :