Daily market summary,plan charts and data of NF -20Jun’25

Normal day inside IB range auction for NF on expiry day and imbalance session next expected. Sellers needed to stay below 24760 and not able to stay below 24760 expected to get 24905 then accepts there means squeeze marked. They got ORR up then drive via extn singles to clear 24905 and got clean squeeze to get till 25135 then closed at dPOC.

Short covering profile with large buying tail and extn singles. Extension singles support now and buyers have to defend that next. i.e, 25000 immediate support and 24920 solid support.

As mentioned in commentary, no demand at close esp in second session balance and entire move was short covering with dPOC skew close..So, no follow up upside from this profile means odds to get back to 24960-24920/24850-24830 bounce else more liquidation next. Staying above 25150 calls for more upside.

Swing view got negated at 24900. As mentioned above 24920 swing support now. As long as that holds balance to skew higher odds. That goes means back to 24830/24740/24640 and more downside with negation above 25100.

Weekly :

NF had outside week. 24820 marked as pivot. NF spent the week cris crossing this pivot for 4days then end of week got squeeze higher to close at highs of week. Inside week closed at high. 24920 now pivot for the week. Holding this balance between 24920-25150 and above that could get 25240 and more.

Below 24920 could get 24830/24740/24640-24620 bounce and sustains means 24565/24465-24450 quick move then bounce and balance and later 24450 goes means 24350/24250/24050 odds.

Monthly :

June started as double disbn up month failed the extn and tested monthly low and now showing long liquidation profile structure and price testing upper quad. To turn this into DD upside they next need extn above 25150 to get 25250/25350+.

Not doing so could test back 25000/24900 bounce to have bell balance in June..Staying below 24900 again back to lower quad b monthly of June with a move towards 24740/24640-24600 goes means extension down odds towards 24450/24250/24050 odds for June extreme case 23850/23650 possible as spike.

Charts and data :