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

After 4IB down trend day NF could not stay below PDL in last session and bounced to clear VWAP then closed below dPOC. Failing to stay below 25410 and bounce above 25465 expected to get 25540 no rejection means marked for a move till 25660 which they did.

Short covering profile with clean buying tail.

Volume higher than previous 4IB down day.

Buyers next need to stay above PDH and once done dont accept in value area..Failing to do so could fall back to VAL/buying tail then bounce else more weakness once accepts in buying tail.

Levels wise, above 25675 look for 25710/25750-25760 reject else 25800-25820 if sustains 25865/25900/25935/25975 then all the way to 26060. Not able to stay above 25810 and back below 25770 could get 25740/25700/25655 weakness below that for 25620/25580/25550 more weakness below 25540 for 25505/25475/25445/25410.

Swing wise same view that 25875 is long term reversal ref and as long as that holds we are likely to balance and skew downside only.

Weekly and monthly:

To start the week, 25450 marked as support and 25650 pivot and 25860 as strong res. They moved between 25430 to 25875 then back to 25410 then bounce and closed around dPOC of the week around 25600. Good balanced profile for weekly with lower value and monthly sofar short covering profile. Monthly expected to have good two way auction and they are doing same still.

25740 then 25860 marking as res for next week. Above 25740 they need to clear early to get 25860 zone and acceptance above 25875 could push clean to 25960/26060 extreme case towards 26200. Not able to stay above 25740 could fall back to 25650/25560 bounce else 25450-25420 and acceptance below that could get 25335/25200/25050.

Chart and data :