Daily market summary,plan charts and data of NF – 09Mar’26

NF got a large gap down but could not stay below open range then all day balanced in IB range with upper skew then spiked up but closed at lower quad of spike.

Gap down.

Secured low.

Selling tail.

Spike up with 45degree move away from POC. 24060-24200 spike zone. Staying in spike is for balance and above spike high bullish and staying below spike low is weakness.

Volume heaviest for Mar and no data back up from buyers at close. They need to defend 24075 early in session else overlap down odds towards POC/VAL zone.

Swing wise marked for move down towards 24730/24600/24450-24400/24300/24050/23600. they probed till 23800. Negation now moves to 24600 from 25050. Obj down from here 23920/23830/23650-23600 bounce else 23450/23300/23050/22800 next.

Levels wise for next session not able to stay below 24075 could bounce to 24135/24175 reject else 24210-24220 if accepts 24260/24300/24350/24450. Above 24450 could get 24500/24600.

Weak below 24075 for 24040/23995 more weakness below 23980 for 23940/23900/23860/23820 and liquidation below that for 23775/23730/23665-23650/23610/23560.

Chart and data :