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

After a inside day marked 24160 as res and above that move expected to 24220 then 24280/24330. They got drive to get 24280 then gone for tight range auction then got final hour push to 24330+ to get weekly high and closed higher.

Short covering double distribution day with decent volume which makes large buying tail of the day as good swing support now.

24270 good support next session and as long holds that odds to have overlap higher in second disbn of the day and above 24380 could get 24415/24450-24460 reject else 24510 odds. Failing to stay higher above PDH could do overlap and test 24320-24300 no bounce means 24270/24240 odds. Weak below 24270 for 24240/24200-24180 bounce else quite weak below that for 24150/24120/24090-24080.

Swing short negation kept at 24230 which got cleared and view closed.

Weekly and monthly :

Balanced week ended with spike up and monthly as of now balanced too. Odds for monthly to turn into short covering profile with close of Friday. 24180-24220 solid support for the week to look for balance between 24220-24300-24450 and staying above 24450 could get 24540-24580 reject else 24650/24750-24800 odds. Weakness below 24180 for 24080/23965/23850-23800.

Charts and data :