NIFTY 50 Intraday 05 JUN| Breakout or Breakdown Scenario

Jun 5

NIFTY – Key Levels Setup | Breakout or Breakdown Scenario

According to the price action observed at session start , NIFTY is currently consolidating between the resistance at 24,733 and the support at 24,692 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 24,733
Support: 24,692


• Breakout Scenario:
If price breaks and sustains above 24,733 :
TP1 (1:1): 24,774
TP2 (1:2): 24,815
TP3 (1:3): 24,856

• Breakdown Scenario:
If price breaks and sustains below 24,692 :
TP1 (1:1): 24,651
TP2 (1:2): 24,610
TP3 (1:3): 24,569

"Stay neutral, stay ready. Let the chart pick the direction."

Information and analysis provided is for educational purposes only.

Jun 5

Trade active

📉 NIFTY 50 Intraday Summary – 05 JUNE
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Tight Range, Volatile Moves – Expiry Day Price Action

NIFTY traded in a tight range between 24,733 (resistance) and 24,692 (support) for most of the day, reflecting classic expiry-day indecision.
Price action repeatedly attempted to break out or break down from this zone but failed to deliver consistent follow-through in either direction during the first half of the session.

While there were brief moments where price seemed to gain momentum—both above resistance and below support—these moves often reverted quickly, catching both breakout and breakdown traders off guard.

Later in the day, a more decisive move emerged, which finally pushed through all upside targets:
✅ 24,774
✅ 24,815
✅ 24,856

Yet even after that rally, the index drifted back into its initial tight zone—demonstrating the day’s lack of directional conviction.


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📌 Key Takeaway:
This was a textbook range-bound, volatile expiry session. Attempts to predict a trend early were unreliable. The chart rewarded patience and adaptability more than aggression today.

“Some days are not about catching the trend—just about reading the range and surviving the noise.”