Daily market summary,plan charts and data of NF – 15May’26

FA Low + Neutral center + DD up day for NF on 14/05. Not accepting below 23650 expected balance between 23650-23700-23750-23780 and above 23810 marked for 23840/23890. this they did in IB with some balance then probe of 23850 then gone for balance again.Towards close gone for closing extn handle of prev session then closed below dVAL.

2nd day of one time frame up and 12/05 gap at 23850 closed.

Extn handle of DD up day from 14/05 also closed and rejected from lower disbn upper end.

Secured high and low.

23580 support 23650 pivot and 23720 res for next session to look for a fill. Staying above 23720 buyers could push for 23760/23795 reject else above 23810 could get 23840/23890 if sustains 23935/23980/24030/24100 odds.

If fails to stay above 23740 and accepts below 23700 then could test 23660-23645 weak below that for 23615/23585 and quite weak below 23560 for 23525/23480-23460 bounce else 23420 odds and below that stays comfortable means 23360/23325 odds and spike below 23320 for 23265/23220/23190-23180.

Weekly and monthly :

NF had 5 weeks of overlap auction. 24140 marked as support and they opened the week below that. Expected 23965/23850 and below 23800 marked a move towards 23500. They moved down straight till 23320 then bounced higher and closed at dPOC of the week.

Long liquidation profile below 5weeks balance and monthly started double disbn down with fill in Apr gap. Both suggests weakness. 23850 res and 23580 support for the week. We could start with filling between this zone for the week and stays above 23850 means 23965/24040-24100 reject else 24200/24300 odds and spike above 24300 for 24450.

Failing to stay above 23850 and filling down then clearing 23580 could get 23460-23420 bounce worst case 23360-23325 bounce else 23265/23180 odds and that accepts means 23040/22950/22820/22680-22650 odds.

Charts and data :