Daily market summary, plan, charts and data of NF – 16May’25

Heavy volume session with > 3IB move on expiry day for NF.defending extn singles and clearing PDH expected another push higher..But NF spent all session between extn singles and PDH then closed above dPOC in last session.

Balanced profile with narrow range and lower volume..Almost a normal day inside IB range.Odds to have imbalance session next.

PDL support and should start accepting selling tail early in session and once moves higher should not accept back in value. Not able to sustain selling tail could get overlap in value area and below PDL could look for filling back expiry session imbalance singles zone.

Swing negation now at 24850 to look for 25250-25350 pause and pullback then later move to 25500/25650/25800.

Weekly :

DD down week with close at lower quad in last session. Had a gap up open to start the week. Above 24465 marked a move for 24560 then acceptance there marked for a move all the way up till 24975/25130/25250. They moved to straight to 25060 then pulled back to intra week support zone 24620-24570 then bounced again and cleared above 25130.

Short covering week with dPOC skew higher closed at higher quad. Buyers need a drive/gap to start the week holding 25000 to get 25150/25210-25250 pullback and acceptance above that could get 25340..Good res/pause possible there and later clears means 25500/25650/25850. Not able to stay above 25150 and clearing 25065 could test 25010 bounce else weak below that for 24950/24880-24850 which is good support zone for entire week.Goes means test of 24740-24700 bounce odds again towards higher quad of last week. Major weakness for May only below 24680 for 24610/24520/24450.

Monthly :

Monthly holding 24000 expected move to 24560 then 25250. Moved till 25150 now. 24600 sealed for May to look for upper quad fill and skew higher towards 25250/25340 then spike may be to 25500/25650/25850.

Charts and data :