Daily market summary,plan charts and data of NF -18Jul’25

Back to back inside days for NF at close on expiry day with incomplete auction at low.Expected to resolve down further and imbalance expected after 3days balance. Not able to clear 25225-25250 marked move down towards 25120/25085/25020. They had a clean drive down and quickly to probe beyond 25020 then all day had tight balance at lower quad then closed at dPOC.

Solid selling tail and long liquidation day with poor low.

Sellers need to defend selling tail and push below PDL next for next round of liquidation towards 24920/24870/24820.Not able to do so could accept back in selling tail then could see rejection smwhere in tail zone to rotate down.

25060 res to start with to get PDL test and liquidation for above levels.If starts accepting 25060 then 25120 reject else 25160 zone next to look for rejection.Above 25190 means more upside towards 25260+.

Weekly :

It was double disbn down week at low for NF. 25420-25440 marked as solid res for the week and 25320 considered as pivot for the week. Holding below this pivot marked down for 25150/25050-25020 bounce back higher. They moved down to 25075 to start the week then had bounce towards 25305 and pivot zone 25320 could not clear then moved back to 25020 and closed at low of the week.

DD down week followed up by lower value week also 2nd week of one time frame down. 25120 then 25200 good res levels for next week and downside 24900-24870 to watch. We could be filling between this to start the week and later whichever accepts could move that side. Above 25200 could get 25290-25320 reject else 25380-25420 reject else 25480/25560. Below 24870 more weakness to get 24800/24750/24650-24600.

Monthly :

July started with filling spike zone of June then started resolving down below June spike low zone hence considered as weakness to look for June value area probe. Holding below 25450 July expected to move down towards 25050/24900. It has now moved till 24980.Immediate res is 25200 zone to hold for July to look for second disbn to get more balance then move downside towards 24900-24870/24750/24650. Above 25200 retest of 25300/25400 then could come down. Monthly gets solid relief if started accepting above 25400 zone comfortably.

Charts and data :