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

After P profile NF had a higher open had a drive down open failed the drive then moved up and ended up as another P profile at dPOC. Failing to stay below 22900 and move above 22960 expected to get 23040 then till 23145 which they did.

Back to to back short covering profile.

Large DP buying tail.

Swing wise 23150-23200/23300/23400/23650 odds expected and NF seems getting ready for this with first probe done at 23150 .Negation for the view moves to 22780 from 22670.

For next session 23000 support to have overlap odds. If stays above 23165 then 23200/23250 pause and above 23265 squeeze to 23315/23360/23400/23435 odds.

If fails to stay above 23200 and moves below 23120 then could get 23080/23050 minor weakness below that for 23010-22995 bounce else more weakness below that for 22950-22940 liquidation below that for 22900//22850-22835.

Weekly and monthly :

7 weeks of one time frame down stopped and monthly got clean extn higher after high vol lower balance made and last extn happened from this high volume monthly balance dPOC which makes larger time frame bullish for rest of the month.22650 sealed for month and reversal any only below that.22780 solid support for the month and 23000 immediate support.

As long as we stay above 23000 odds to move higher towards 23200/23300/23400 pause later 23650/23800-23850 odds. If fails to stay above 23200 means could drop to 23000 worst case 22850-22780 bounce. If clears 22780 then quick test of 22650 zone bounce else spike down to 22500-22450/22350/22250 possible.

Chart and data :