Daily market summary,plan charts and data of NF – 22May’26

Long liquidation profile for NF on Thursday. Above 23720 expected to get 23805/23850/23890 they got 23850 then stayed in range and towards close got liquidation to test morning tail then bounced at closed at dPOC.

Short covering profile closed at highest point of week and also at upper end of 9days balance. Buyers need drive or gap and once done defend 9days range to remain higher all day.

Levels wise above 23810 could get 23850/23890/23935 pause later staying above that could move to 23980/24040/24100 if at all stays above 24125 then 24160-24180/24240 odds.

Not able to stay above 23860 or able to clear that and staying below 23760 could test 23720 weakness staying below that for 23685/23645 bounce else 23610/23565/23520 odds and staying below 23520 could get more liquidation down.

Weekly and monthly :

2 weeks of overlap down and May sofar long liquidation week. same 23850 res this week if they want to continue LL auction. 23720 pivot. Not able to stay above 23850 could drop to 23720 weak below that for 23600/23520/23400-23350 goes means 23220-23180/23040 odds.

If stays above 23850 then 23940-23980/24100/24200-24240 reject else spike above that for 24400+ zone possible.

Chart and data :