NF had clean liquidation b profile and closed at dVAH on Thursday..Holding below 17690 expected old selling inventory to do another overlap in value area and below b profile more liquidation expected.Not able to stay above 17690 expected probe to 17660/17605-17590/17560..NF held below 17690 and did overlap in value area and then had range extn till 17585 and later bounced and closed below dPOC on Friday. 5th day of one time frame down. Narrow range days continuing.Lack of demand still and old selling inventory still in system.Need a squeeze of shorts for this market to go up. Selling tail at top and double print buying tail at low.Swing wise not convinced that low is still in..To negate this view, short squeeze with volume and value required above 17690 else expecting more downside on swing. Levels wise, for next session above 17690 probe of 17725/17750 if sustains more bullish above that for 17780/17810/17840. Not able to stay above 17690 could drop to 17630-17620 and weak below that for 17580/17545 if sustains 17500/17460 possible. Weekly : Weekly delivered short covering profile last week. 17775 marked as support for the week and below that move expected towards 17690/17650-17620 from where bounce expected.They got this move at open of the week itself in first hour and bounced from 17640.Bounce was marked for 17750-17780 which they did but could not sustain above that and stayed below that entire week then closed at lower quad of the narrow range week. Balanced week with narrow range and lower volume.Possible for imbalance week or another overlap week before imbalance week. Upside rally is capped.17690 pivot for the week.Sellers able to defend this and push below 17600 then possible to get 17500-17450/17380/17330-17310 then bounce possible. Above 17690 if signs of short squeeze with volume happens then easy to get 17770/17810/17870 then rotation down possible again towards 17700/17600.Any solid bullish view for the week only above 17900 which could take it towards 18020-18050/18150. Monthly : Monthly was having trending auction and two scenarios expected. Either exhaust around 17890 and fall back to 17600/17500 to get a P on monthly by failing trending month or one more leg upside then pullback. NF gone for first scenario and negated trending month now and forming P with pullback to major extn handle of month at 17600..Clean P profile now on monthly.. So, not getting any short squeeze at start of week, looking for more range extn down below 17600 with a move towards 17500-17450 then clearing Apr month low 17380 later in the week as solid trending month is clearly negated now. If week starts with short squeeze then possible to remain as monthly P profile by testing monthly upper quad zone 17810/17870 once again then could do overlap in remaining days of week. Major reversal only above 17900 for 18050/18150 as spike close for month. Charts : Daily Weekly Monthly Data : Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it. Notes : a) Check glossary page in website if any of the terms used in the post are not clear. b) If images are not clear, click on them for enlarged view.