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

NF started the last session with straight drive above strong res 22400 and then stayed higher all day.. Above 22420 marked for 22550 and they even cleared PDH 22610 then settled at dPOC.

Large tail and short covering day.

Closed at dPOC with secured high.Buyers need drive/gap up else retest of VAL/tail at low odds.

Levels wise above 22680 could get 22720/22760 then above 22770 could probe 22810/22850/22900. Or not able to stay below 22470 and back above 22540 could get 22580/22620/22660.

Below 22580 could get 22540/22510-22490 bounce and weakness could continue below 22480 for 22440-22425/22395/22365.

Swing short view negated with a probe above 22480.

Weekly and monthly :

Weekly marked 22300 support 22450 pivot and 22750-22800 res and expected fill inside this range. They whipped above 22800 and pulled back to 22300 swipe then again bounced and closed at dPOC. Right now large time frame got poor/weak low in place.

7 weeks of one time frame down and monthly value in Mar-Apr singles zone. Structure wise still weak only. Formation on large time frame is either a) start for large downside move shaping up at first half of Oct or b) Island type of excess in making as lower disbn before large rally/solid squeeze for rest of month.

To start the week 22680 res and 22500 support. They need to clear 22680 early in the week then 22800/22900/23040-23080 pause and later quick rally to 23200-23250 odds and this could later extend much higher for rest of the month towards 23400/23600-23650.

Failing to stay above 22680 could retest 22510 zone and hold around else 22420-22365 zone test bounce odds..22350-22300 solid support for the week and month as of now..If we stay below 22300 then 22180/22040-21990/21850 probe odds.

Charts and data :