Daily market summary,plan charts and data of NF -12Sep’25

Inside day with poor low for NF in last session. If clears 25115 res marked upside move towards 25150/25180/25220. They opened with minor gap and all day had slow grind higher to probe 25220 then closed at dPOC.

Gap up and short covering profile.

back to back low volume sessions. Buyers next need to get drive higher above this P profile. Failing to do so could do overlap in value area and test buying tail and then bounce..Acceptance in buying tail calls for gap close and liquidation.

Not able to stay below 25165 and moving above 25195 could get 25220-25235 bullish above that for 25260/25290 if sustains 25325/25350-25360 possible.

Failing to stay above 25230 and back below 25195 could test 25165 bounce else 25140-25125 and weak below 25120 for 25090/25060-25050/25015.

Weekly :

24960 marked as res for this week and expected filling between 24960-24780-24600. They started the week with narrow range filling holding below 24960 then got gap up and moved higher. Above 24960 marked for 25120 if sustains 25200-25250 expected and they gone for this move in rest of week to probe 25220 and closed at high of week.

Double disbn week with gap extn handle at 24960 and immediate support at 25120. Staying above 25120 we could look for overlap and balance higher towards 25280/25390-25410. Below 25120 we could test 25050/24980-24960 bounce back higher odds. Solid weakness below 24950 for 24860/24800-24775.

Monthly :

Sep was filling Aug DD profile. Expected two way auction between 24600-25100. Extreme case upside marked for 25200-25250. They filled between 25100-24600 and then got extn higher now towards 25200.If stays above 25250 then month could move higher towards 25400 balance then spike to 25600+ odds to close the month. If fails to stay above 25250 then could drop to 25160 bounce else 25050/24960 bounce else 24810 odds.

Charts and data :