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

Short covering profile in last session with observation that auction was incomplete at top. Since it was volume based buying in last session odds were there for more extn higher. Drive above PDH expected to get 25520 then 25595 and they got drive and trend day to mark till 25698 then seen some profit booking to close at dVAH.

Triple distribution trend day.

3IB day.

Profit booking seen at close. Job of buyers to defend 25630 and move higher to 25680 if sustains 25720 and acceptance there could get another short covering move towards 25755/25785/25830.

Not able to stay above PDH could pullback to 25630 and below that test of 25600-25585 bounce and goes means weakness to get 25550-25535 bounce odds. That goes means test of 25500-25485.

Chart and data :