Daily market summary, plan, charts and data of NF – 20May’25

Failed auction at top and DD down day in last session for NF. 25025 ref to look for overlap higher or holding that expected sellers advantage auction to get PDL and below. They had a higher open above 25025 but barely stayed higher and got drive down to get PDL swipe by end of IB. Bounce again failed to hold above 25025 and resulted in another liquidation session all day then closed at dPOC.

Back to back double disbn down day.

No inventory backup by supply at close..both days NF fell due to lack of demand than supply strength. that two days tight range top disbn buyers as well as failure of intra buyers lead to this push down. dPOC skew down close after some exhaustion seen at close hence likely to bounce back to 24880/24950-24975 as long as this dPOC not getting follow through down. so immediate bias for next session to look for repair roughly between 24750-24810-24890 and if stays above 24925 then squeeze odds.

If we stay below 24740 then another push down and once done never should accept back above today POC . If accepts then back to same bias of repairing today second disbn zone.

Swing long view got negated with a move below 24850 today..Now odds for balance between 24680-24880-24980-25060 next 1-2 session and above 25060 we may get rally higher. If we stay below 24680 then more liquidation odds.

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