Daily market summary,plan charts and data of NF – 16Apr’26

NF had a low volume narrow range day in last session.Supply expected to get squeeze above 24300 towards 24375 which they did right at open and failing to stay above 24370 and back below 24290 expected to get 24240/24200 bounce else 24160/24120/24090 marked. They gone for this move straight after open till mid session to mark 24120 then bounced and closed at dPOC.

Outside day with selling tail. Good swing res now for Apr.

Double distribution down long liquidation day.

24220 immediate res and 24280-24300 solid res for next session and as long as these levels hold odds to have balance and skew down to test today low zone and decide if bounce or liquidation.

Levels wise above 24230 could get 24260/24290-24300 reject else 24335/24375 odds. Above 24400 could get 24435/24475-24500/24540. or failing to stay below PDL and back above 24150 could get 24180/24220-24230.

Not able to stay above 24230 or 24280 could balance and rotate back to 24190-24180/24145-24125 and weak below 24120 for 24090/24050-24040 bounce else more weakness towards 23995-23985/23950-23935 if sustains spike down odds.

Chart and data :