Daily market summary,plan charts and data of NF – 27Feb’26

NF had a failed DD day on Thursday and not holding 25520 expected to get liquidation till 25380. They got good volume based drive early in the day moving below 25520 and got 25400 then closed with spike down move till 25300.

Long liquidation day with good selling tail.This tail is good swing res for next week.

Volume day closed with spike down.Spike zone 25400-25285. Staying in spike/below spike = weakness ; accepting above spike could go for testing selling tail then decide.

As discussed in commentary, this close was weak to get 25150/25050.

Levels wise, not able to stay above 25385 and staying below 25330 could get 25285-25265 and weak below that for a move towards 23230/25195 and below 25185 could get 25150/25120/25085 if sustains 25050/25010-24995 odds.

Not able to stay below 25290 and move above 25335 could get 25365/25395/25435 and more bullish above 25455 for 25485/25515-25530 and clearing 25555 could get 25585/25615/25640.

Weekly and monthly:

For the week 25740 then 25860 marked as resistance..Not able to stay above 25740 expected to fall back to 25560 bounce else 25420/25335/25200/25050 expected. They moved above 25740 only to leave FA at 25820 then fell back to 25560 swipe and bounced everytime reached below 25560 only to give up finally for weekly close till 25300 then closed at lower quad.

FA top week closing with spike down after two weeks of overlap. 25450 pivot and res 25650 next week. Staying above 25450 could get 25540/25650 then accepts means back to 25740/25830/25950. and not able to stay above 25450 early in the week and moving below 25265 could get 25150/25050 bounce else 24950/24850 extreme case 24760 odds.

Charts and data :