Daily market summary,plan charts and data of NF – 17Apr’26

NF had a open test drive up from PDL failure and moved up straight to close extn handle of previous DD session then spent all day in tight balance then closed at high.

back to back outside days with with poor volume.

Spike up close.

Buyers need to hold above spike high or better get gap to start next course of auction. Failing to do so could rotate back to VAL zone and stays below that means liquidation to test tail at low and PDL zone.

ref hypos in plan below for actionable trade ideas.

Weekly and monthly:

DD week as well as monthly testing strong supply upper disbn balance of Mar at close of the week.

Week started with a gap down move to strong support zone 23650 then bounced and got large gap and then spent 3days as balance at top quad and now closed at high.

Problem with this 3days balance is quite lower volume and one normal day then two outside days pattern. Buyers if wants to move higher further for Apr then they need to ditch this 3days balance and stay higher and never come back below 24300. If that happens with a move above 24400 then 24500/24600 and sustains means 24750-24800/25050 possible. Failing to do so and staying below 24300 could get 24190/24100-24050 bounce and later staying below 24050 could get 23960-23930 if sustains 23860-23830 odds and quite weak below 23800 for 23720/23650/23540-23500.

Charts and data :