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

Low volume trend day in last session.Expected follow through down staying below 24475 and they got gap and drive down which got failed and bounced sharp to clear 24475.It got upside probe till 24540 then all day remained in balance then closed at dPOC.

Normal day.

NF got stacked lows between 24425-24450 for half of intra session, usually such lows brings in lower open.Odds there for a push down towards 24380/24345 hold around bounce.If bounce accepts above 24450-24465 then we could move higher towards 24510/24540/24590 then may be squeeze if volume and other signs there from data.

If stays below 24340 then odds for liquidation towards 24290/24240 and more.

Day or two expected inside 02/05 range and today they held that day low.Max a day then likely to resolve this balance and then could get a move away.

Chart and data :