Daily market summary,plan charts and data of NF – 13Jul’26

NF had a large gap down but failed to get follow through down and got open rejection reverse then trend day which closed as failed trend day short covering profile at dPOC.

Short covering profile with tails at both ends and dPOC skew higher. Buyers need drive/gap up failing could look for overlap poor value area repair auction.

Entire move today was mechanical without volume and inventory backup. If buyers are committed they need to defend 24180 else either straight or via choppy auction could move down to test buying tail. Swing short activates below 24180 with 24280 negation for 24110-24090/24040/23990-23980.

Levels wise above 24280 could get 24310/24340-23365 if sustains 24405-24420/24460/24500 odds. Failing to stay above 24270 and back below 24220 could get 24180 weak below that for 24145/24110/24085-24060 if sustains 24020/23990/23960 odds. If fails to stay below 24080 and moves above 24160 then 24200/24240/24270 doable.

Charts and data :