Daily market summary,plan charts and data of NF – 12Aug'26

NF had a fat tail low in last session. Marked weak below 24480 for 24450/24410-24390. They could not save 24480 at open and started moving down below that and probed 24390 by mid session then gone for tight balance and squeezed shorts into close then settled above dVAH.

3rd day of one time frame down.

Selling tail and failed trend day.

24420-24440 decider for next session to conclude if today move was just inventory adjustment break and NF wants to mean revert into two weeks range or closing move was squeeze to clear weak shorts and we resume down further in coming sessions.

Holding 24420 could balance back to 24460/24495/24525 and above 24530 could spike to 24565/24595/24625/24650/24680-24690.

Failing to stay above 24495 could drop to 24460/24430-24420 pause and balance and once sustains below that could test 24385/24350/24320/24295 then could spike to 24260/24225.

Chart and data :