Daily market summary,plan charts and data of NF -08Aug’25

Neutral extreme up day with rally and spike close for NF on expiry day. 24680 and 24620 considered as support zones else 24550 next expected to hold. NF had a drive down early in the session to get 24550 itself and that also didnt hold around then gone for more all day downside to get PDL zone then closed at low.

Large selling tail and trend day repaired entire rally of 07/08 = clean reversal down or balance inside 07/08 zone odds next.

Immediate res for next session 24490-24510. Holding this sellers need to clear PDL to get 24365/24330/24275/24220.

Not able to clear or sustain below PDL could bounce back to 24510 and acceptance there could get 24550/24580/24620 rotate down else more squeeze upside next possible.

Swing support at 24490 got negated and swing res now at 24550 to look for balance and skew down towards 24330/24220/24150/24050.

Weekly :

NF had 4 weeks of one time frame down. 24750 considered pivot for the week and 24920 res for the week. Above 24750 expected push to 24830-24850/24920 reject to 24750 then weekly low then 24485/24420/24330 marked. They pushed above 24750 to get rej at 24850 at start of the week to get prev week low 24600 zone then dropped to 24410 which got solid rally towards pivot zone and then again dropped to 24410 then closed at lows.

5th week of one time frame down. 24520 pivot and 24620 res for the week to look for balance and skew down to get 24330/24275/24150/24050. Not able to stay below 24410 and bounce any should not clear 24620. If accepts there then 24700/24780/24850/24920 odds and could see rejection again to rotate down.

My bias for rest of Aug balance and skew down towards 24050 holding below 24620 or worst case one more whip higher above 24620 then stay below 24600 to continue downside journey for rest of the month.

Monthly :

June upside month and July was DD down overlap month. 24920 considered as pivot for Aug to look for balance and downside.Aug doing the same. 24620 now pivot for Aug and 24920 becomes res. Same view of balance and skew down to get 24300/24150/24050-23975 halt then later spike down towards 23800.

Above 24620 could get balance stretched upside towards 24800/24920 decide there. Above 24920 reversal upside to get 25020-25050 pause then later move further higher straight to 25200/25300.

Chart and data :