Daily market summary,plan charts and data of NF -25Apr'25

NF had a Long liquidation day on expiry and marked 24410 pivot for next session then considered 24300 as swing support..Goes means directional move marked towards 24210/24100/23980. NF started with drive down on Friday breaking 24410 then 24300 too and then probed till 23980 then bounced to whip above VWAP then closed below dPOC.

Large selling tail.

Long liquidation day.

Stopped 8days of one time frame up and cleared range of last 4days.

Closed below dPOC. As long as staying below 24240 odds to fill value area with two way auction for next session.If sustains above 24240 could push to test selling tail zone 24300/24340/24410 reject else more upside odds. Liquidation could continue below 23975 towards 23895/23765 and more.

Check plan for tradeable hypos.

Weekly :

NF closed last week with spike at highs.Move above 23940 expected to get 24040/24150/24300/24500. NF gone for this move this week then retraced the move fully and closed at dVAL.

Value higher above spike week. So, Sellers need to stay below 24100 VAL of this profile to start the week to test low zone 23980 if sustains then liquidation towards 23895/23765/23650/23540 odds and that is solid support zone to bounce. If sustains down there below 23540 then could move down towards 23465/23350 and below this spike odds towards 23240/23050 then 22950-22900 odds.

Not able to stay below 24100 could bounce back to 24180/24240 exhaust and rotate back, if sustains higher then 24340 pause then two way filling possible between 24340-24000 roughly. If sustains above 24350 then 24410/24490 and reject odds. If stays above 24500 calls for a move towards 24600/24700/24850/24975/25130/25250 and this could be a quick fast move.

Monthly :

Monthly support at 23550 and resistance at 24500 zone.. As long as staying below 24500 looking for balance between 24500-24000 sustains down means 23850/23550 bounce else more weakness down towards 23350/23050/22900. Above 24500 opens up large upside move towards 24700/24850/25130/ 25250.

Chart and data