Daily market summary,plan charts and data of NF – 08May’26

Neutral center day and closed inside 9days balance after failed extn with FA top on 07/05. Considered weakness. Below 24280 expected to test 24220 then 24160-24140 they moved to 24180 at open then later gone for tight balance and probed 24160 then closed at dPOC.

Neutral center day.

Another FA top.

Buying tail and close at dPOC on low volume narrow range day.

Weakness could continue staying below 24300 to test 24160-24140 if sustains 24090/24040/24010/23965-23950 bounce else more weakness below 23930 for 23885/23850-23830.

If fails to stay below 24160 and back above 24220 could get 24260/24295 and bullish above 24305 for 24350/24390/24420-24435 pause and above 24445 more upside towards 24480/24510/24540 odds.

Weekly and Monthly :

23800 marked as support and holding that expected test of 24280 if no rejection means 24390 expected..Being good HVN node that zone expected pause and reject.They came down from that zone. Expected move back to 24280/24100 hold else 23965/23850 marked downside. It moved down till 23940 then bounced and cleared 24390..Above that upside marked for 24480-24510/24600 they got 24530 then again moved down and closed at dPOC of the week.

Balanced week. 5th week of overlap auction. Monthly still in overlap in upper disbn of last Apr profile.Seems another overlap week possible considering volume and range coming down. 24140 support and 24300 res. If we open inside this range odds to balance and below 24140 could get 23965/23885-23850 bounce else weakness could continue below 23800 towards 23675/23540-23500. If downside not able to stay below 24140 then could bounce back to 24300 and staying above 24300 it could get 24390/24450 reject else 24540/24600 if sustains spike for 24700-24740 possible.

Charts and data :