Daily market summary,plan charts and data of NF -11Jul’25

Large selling tail with long liquidation auction for NF on expiry day with poor/weak low. Probe was expected next towards 25320/25250. They had a gap down on Friday and held gap then gone for a probe below 25250 then closed at low with another poor low.

Gap down.

Second day of liquidation with decent volume and moved away from bell balance of July. Till we accept back in July balance above 25400 odds to have balance and skew lower further.

Immediate resistance to start next session is 25250. As long as holding this, we could move down further. Acceptance here could get 25300-25320 reject else sm squeeze higher odds next to test near 25400 then decide.

Swing short view marked with resistance 25520 to get 25250 which is done.Now res moves to 25440 to look further down towards 25165/25100/25020 as mentioned in commentary.

Weekly :

NF holding 25400 expected move back to 25620 then pullback and below 25400 expected 25250. They had a move towards 25620 and left FA there to get 25400 then got liquidation towards 25250 and closed week at lows.

Double disbn down week at low close = weakness. 25420-25440 solid res for the week and 25320 is pivot for the week. Holding below this pivot next week could see 25150 bounce else 25050-25020 bounce back higher. Above pivot 25320 test of res zone 25420-25440 and any bullishness only above this to get 25520/25620 and above. If at all 25020 accepts then quick drop to 24900/24750/24650 odds.

Monthly :

June closed with spike and July started with filling spike zone and resolving down now below June spike low zone = weakness to look for June value area probe. So, as long as holding 25450 July could move down towards 25050/24900 bounce else 24750/24650 possible downside. Any strong low below 25200 and accepting above 25300 could test 25400-25450 reject else 25600-25650 and above that July could spike higher.

Charts and data :