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

NF had a double disbn trend day down. Failing to stay below 23165 and move above 23230 expected to get 23280/23320 rejection expected..They had open drive up to 23365 then failed and moved below 23165 quick. Probed downside till 23025 then bounced and balanced then had late extn upside to get a move till 23530 then closed at dVAH.

Failed auction at low.

Neutral day.

Double disbn up day.

Volume again heavy.

23360 support for next session. Holding this balance and drive higher odds to get 23450/23480 reject else 23520-23530 and above 23530 could get clean follow through higher towards 23570/23620-23640 worst case 23680/23730 reject for a move back to 23620/23570/23530. If accepts above 23730 then more bullish towards 23780/23820/23860/23910-23920.

Moving far away from PDH but comes below 23530 then could get 23485/23450/23410/23380-23365 if sustains 23305-23290/23260/23230/23160-23150 odds and spike down below that for 23090/23050 if at all we clear that then 22960/22865.

Swing move after probing 23200 had remaining obj at 23050/22800. It has probed 23050 today and got clean bounce. Weekly scenario of one more push down and bounce Nf doing now. Pullback expectation as mentioned in last report 23600 or worst case 23800-23850 then move down to 23500-23450/23300 if sustains 23200-23150 bias for balance. Negation still at 24000.

Chart and data :