Daily market summary,plan charts and data of NF – 23Jan’26

Long liquidation profile closed with rally above dVAH in last session. Buyers needed to get drive up holding VAH else overlap expected. They opened flat at LTP but could not sustain above VAH 25355 and first session gone for open auction tiring overlap into last session value area then got clean extn down then closed at dPOC. Minor weakness considered below 25340 for 25300 and major weakness marked below 25300 for 25215 bounce later 25180/25135 expected below 25215. They gone for one way move down first slow push to 25215 then good push down till 25050 today.

3IB down long liquidation double disbn day.

Large balance mode between 25000-25475 now.Whichever sustains could push for large move.

They have retested 21/01 excess tail today with not much of supply.

dPOc down to lower quad and closed there. Sellers need to stay below this POC and clear PDL then more liquidation odds next and failing to do so could bounce in extn singles and move to upper disbn of the day next.

Levels wise, staying below 25040 could get 25005-24995/24960 liquidation below that for 24930/24895/24860/24825.

Not able to stay below PDL and move above 25100 could get 25135/25170/25210-25220 reject else 25260/25310/25350-25370 odds above 25400 could get 25435/25475.

Weekly and monthly:

Balanced profile on weekly and double disbn down profile on monthly by close last week. 25800 considered as immediate res to start the week. Staying below this was looking for 25650/25590 bounce expected. Below 25590 marked for 25520/25450 then spike down to 25330/25250/25150-25125 expected. They started below 25700 and moved to 25000 swipe by mid week then bounced.

Heavy volume traded week with probable excess low on weekly now. But closed below dVAL of the week.Monthly gone for large outside month clearing Dec and Nov low. To start the week 25000 support and 25240 resistance. Holding 25000 could bounce to 25200-25240 pullback else bullish for 25350/25430-25475 and more bullish above 25475 for 25560/25670 later could do 25800-25840 above 25670. Not able to stay above 25240 and clearing 25000 could get 25930/25850-25825 bounce else 24740/24650 possible via spike.

Charts and data :