Daily market summary,plan charts and data of NF – 07Aug'26

After 3-1-3 profile if stays below 24695 then expected 24660/24630-24620 and NF gone for this via long liquidation profile in last session then settled at dPOC.

NF in balance mode as expected. Long liquidation profile with very poor volume.

For next session not able to stay above 24700 could drop to 24660 and sustaining there could get 24620-24600 if stays below 24585 could move to 24550-24540/24510 bounce else more weakness towards 24450/24420. Staying above 24670 could get 24700/24730/24760 if sustains 24800/24840-24860 possible.

Swing short from 24695 probed first obj 24620 and 24550 is due. Negation at same 24760.

Weekly and monthly :

On weekly above 24500 reversal higher expected towards 24650/24750-24800 then pause and decent pullback expected. NF did probe of 24700 then pulled back to 24500 and now balancing between 24500-24750. Narrow range lower volume higher value week but away from balanced monthly profile.

If early in the week 24750 not able to sustain by clean extn and good volume then likely to drop back to 24600/24540/24480-24440 then bounce possible for one time frame up again to test 24750. If stays above 24760 then 24810/24900-24950/25050/25200/25350 odds. Once moves well above 24760 then 24650 becomes swing support. Staying below 24440 could get 24350-24300 and bounce hard else big reversal downside towards 24120-24080/23990-23950 possible.

Charts and data :