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

NF had a spike down close in last session. 25450 marked as weekly support and intra levels wise not able to stay below 25420 and move above 25490 expected to test 25560 spike zone later staying above that considered bullish for 25605/25650/25685 then squeeze marked for 25720/25760. They got drive up after gap down and moved to 25560 quick then pulled back and later above that stayed as short covering profile all day then closed with spike up clearing PDH at 25725.

Outside day.

Short covering profile ended with spike up and dPOC skew higher.

Volume is quite lower for such auction. Need more conviction from buyers early in session else balance in today extn zone odds.

For next session, 25650 support. Staying above that could get 25760 if sustains then 25810/25840-850 odds and more push above 25875 later possible for 25905/25940-25960. Failing to stay above 25760 could drop to 25710 if accepts then test of 25660-25650 bounce and balance.

Weak below 25650 for 25615/25585/25555 bounce else 25520/25490-252475/25440 odds.

Charts and data :