Daily market summary,plan charts and data of NF – 10Jul’26

NF closed as NE down day on Thursday. Expected 24120 tough to clear straight. But they opened above this level and got drive up to mark IB then all day tortures with tight range then closed at dVAH.

Short covering profile with tails at both ends.

Extn handle of 08/07 got cleared so its job of buyers next to get follow through higher to get high of that day after such tight session else liquidation possible next.

Levels wise, above 24270 could get 24300/24330 if sustains 24365/24405 odds and above 24420 could get 24460/24500-24520.or not able to stay below 24120 and back above 24180 could get 24220/24240/24270.

Failing to clear 24320 and back below 24250 could get 24220/24180 if sustains weak for 24150/24120 bounce else more weakness towards 24080-24060 goes means 24020/23990/23965 possible and staying below that could get 23920/23890-23880.

Weekly and monthly :

NF was above multi week balance at close last week. 24190-24150 marked as support and 24430 as res and above 24430 marked for a move to 24520 and expected pause. Below 24150 marked for a move back to 24020/23930/23840. They got 24560 at first part of week then gapped down and got liquidation to 23850 then bounced and closed mid of week with dPOC skew higher for week. And monthly still doing overlap for 04th month and volume still way lower than average at 3month higher quad levels..Buyers need more encouraging auction to start the week if they want to end the month on positive note.

Levels wise again 24150 support and 24330 minor res and 24420 maj res. they need to defend 24150 and scale 24330 so that 24420 zone test and reject else 24540/24650/24750 odds quick. If fails to scale 24330 and clears 24150 then 24080/24010/23960 worst case 23880-23850 bounce odds. If that goes then 23760-23720/23650 zone test via spike possible and pause and bounce..If sustains below that then 23500-23450.

Charts and data :