Daily market summary, plan, charts and data of NF – 13May’25

High volume trend day up in last session and immediate support marked at 24940 goes means two way auction expected. They had a open defending this then gave up which resulted in some large range two way auction for good time repairing all three disbn of last session, then resolved down below last support 24760 which lead to testing last session buying tail then closed below dPOC.

Trend day down today with volume heavier than last session. Trend day up being challenged by trend day down usually resolves in some large balance for few sessions.

With volume and data low today suggests auction incompelte with skew in dPOC and closing below that. Holding 24730 looking for PDL swipe then failure to hold and clearing POC of the day looking for all day bounce next.Trouble if we create value/heavy volume below 24570 then we could fall again all day for long liquidation profile towards 24480-24450 zone to decide there.

Once it fails below PDL and starts accepting above POC then good chance to bounce back to 24710/24790/24850-24880 zone in next session.

Swing bullish view negates if we accept below 24570. We may then push down then bounce to look for wide balance now for the week with range of 24480-24650-24790-24950.

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