Daily market summary,plan charts and data of NF – 12May’26

NF closed as neutral extreme down day in last session and got another gap down and drive down open today with volume.

No bounce from 23765 means expected 23675 then 23550 and they got this by mid session. Later got another clean extn down which lead to more liquidation till 23400 then closed with dPOC down.

Gap down day.

Trend day as well as 3IB down day almost. Lot of supply seen in tape today. As long as we stay below 23520 likely to stay weak.

Levels wise, above 23520 could test 23580 reject else 23610/23645 odds and above 23655 could get 23690/23740/23780/23810/23850. or not able to stay below 23340 and move above 23420 could get 23460/23510-23520.

Not able to stay above 23520 and back below 23460 could test 23420/23385 and weakness further below 23375 for 23345/23310/23265-23240 bounce else below 23230 could get 23190/23140 if sustains 23090/23050 odds.

Chart and data :