Daily market summary,plan charts and data of NF – 17Oct’25

Triple distribution trend day for NF on 16/10. Buyers job was to scale to 25680/25720 if sustains marked a move towards 25830. Open rej reverse scaled 25680 and made a move towards 25849 then pullback rejected at 25660 and closed at dPOC.

3rd day of one time frame up.

3-1-3 profile with two way balance and tails at both ends. Failing to move beyond value area could do overlap inside value area and staying beyond value area could get trending move.

Buyers need to defend 25690-25710 to move higher towards 25760/25795-25805 and stays higher above that means odds to get 25835/25880/25920/25950-25970 extreme case 26005/26040.

Not able to stay above 25805 could drop back to 25760/25720/25690 weak below that for 25660/25625/25595 and quite weak below 25580 for 25545/25500-25485.

Weekly and monthly :

After a double distribution up week 25350 marked as immediate support for the week and 25280 as major support. Below these zones marked for a move towards 25200/25125/25060 bounce. They probed 25125 then bounced. Above 25350 probe marked for 25525/25650..Bounce from 25125 once reached 25350 got solid initiative buyers who got a to 25650/25850 then closed above dVAH of the week.

Another DD week. 25680 support to start the week. As long as holding 25680 balance and higher skew towards 25820/25880/25935-25950 extreme case 26040. If stays above it then 26150/26300 odds. Below 25680 test of 25620/25550 which is solid support again. Goes means 25450 and that is sealed ref for Oct now and less chance to break. If breaks easy to probe 25350/25250.

Chart and data :