Daily market summary,plan charts and data of NF – 20Apr’26

NF had a gap up failed to hold and got drive down and failed to stay below POC.. then failed the drive and got clean range extn higher above PDH but post mid session met with liquidation and closed below dVAL.

Short covering profile closed below dVAL..

Supply needs to stay below 24370 next session to get PDL swipe if sustains more downside odds towards 24230/24195-24180 then solid bounce else more weakness towards 24140-24120 again good zone to hold..If stays below 24120 then 24090/24050-24040/23995/23950-23935 odds.

Failing to stay below 24200 and back above 24280 could get 24320/24360-24370 reject else 24410-24430/24470 possible and squeeze if stays above 24470 to get 24510-24530/24560/24600/24640-24660.

As mentioned in commentary, swing wise today high looks good.Swing short looking for 24220/24120/24050/23935 this week with negation above 24510.Any pullback to 24380-24430 zone could be used to add shorts.

Chart and data :