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

After 3-1-3 on 22/10 expected a move away day. they had a higher open failed to hold higher and gone for PDL then got clean extn down and then closed above dPOC.

Large selling tail and long liquidation day.

Outside day.

Volume even better than prev session and highest for the month. Swing likely to get 22350/22225/22050 as mentioned in commentary.

Negation at 22820 for the view and once we move below 22350 negation moves to 22700.

For next session, 22680 res to have overlap down auction. Weakness below 22530 for 22490/22450 quite weak below that for 22480/22380-22360 and below 22350 could get 22310/22265/22225 bounce else more downside odds towards 22180/22140.

Failing to stay well below PDL and back above 22470 could get 22520/22560/22600-22620/22660 and above 22680 squeeze to 22710/22750 and sustains means 22800/22860/22900/22940 odds.

Weekly and monthly :

7 weeks of one time frame down stopped with last week high swipe but failed to hold and stayed as DD down week and closed at lower disbn of week below dPOC.

Failure of monthly balance extn and back into monthly lower balance now + last two days have established volatility with volume but closed below monthly dPOC / lower disbn of DD down week. Structure suggests weakness to get new low for month. 22780-22820 solid res now for Oct..As long as we hold below this odds to get 22400-22350 no bounce means 22225 zone test then sm bounce possible. Once we stay below 22350 res moves down to 22680. If stays below 22225 then could move towards 22100-22050.

If fails to stay below 22350 and bounce clears 22500 means could test 22650-22700 zone reject else 22820/22940 extreme case 23040-23100 odds..Anything above 23100 could get spike easy to 23250-23350.

Charts and data :