Daily market summary,plan charts and data of NF – 31Jul’26

NF clearing 24380 expected to get 24470 which they did in last session and closed at dVAL.

5th day of one time frame up.

Another short covering day with poor volume.

Poor high.

24395-24420 support for next session. Holding this overlap higher and clear PDH odds and above 24490 upside could continue for 24520/24560/24605 and above 24625 odds for 24660/24695-24710 odds.

Failing to stay above 24520 and back below 24460 could get 24430/24400 weak below 24395 for 24360/24325/24295 and quite weak below 24290.

Weekly and monthly :

Last week NF closed with weakness after elongated week down. But pened well above res marked at 23940 with gap. Above that zone squeeze expected for 24080/24220 then spike towards 24330/24450 marked. They got this move via trending week of 5days of one time frame up with two gaps then closed at weekly high zone. July closed with clean secured low and above dVAH on balanced profile. So, first half of Aug could either be trending month upside or look above and fail to get back into July value area full probe and decide there.

24250-24300 zone now becomes solid support band for next week and Aug month. As long as this band holds, we either balance between 24500-24250 then move higher or continue moving higher..Staying above 24500 calls for good swing reversal upside towards 24600-24650 then 24750-24800 pause and give decent pullback. Later staying above 24800 could get 24950-25030/25150-25200/25350. Failing to stay higher above 24500 zone and pullback breaking 24250 could get 24120-24080 bounce else 23990-23950 odds then clean bounce possible..Instead that zone accepts down means 23850/23720 odds.

Charts and data :