Nifty 50 Intraday Strategy — Key Levels to Watch
Nifty 50 is currently resisting downside momentum and holding above the Zero Line at 24,427. Bulls should closely monitor the following critical levels for directional bias and trade setup:
Bullish Scenario
Long Entry Zone: Watch for strength above 24,508—this is a key breakout level for upward momentum.
Add Longs: Momentum confirmation can come above 24,489. If Nifty sustains above here, look for targets at 24,531 (Long Tgt 1) and 24,595 (Long Tgt 2).
Long Exit Level: Book profits or trail stops at 24,452 to lock in gains if the move loses steam.
Bearish Scenario
Short Entry Zone: Breakdown below 24,469 signals weakness. Aggressive traders can consider shorts here with targets at 24,323 (Short Tgt 1) and further down to 24,259 (Short Tgt 2).
Short Exit: A reversal above 24,525 should be a stop for short trades.
Neutral/Balanced Zone
The zone between 24,427 (Zero Line) and 24,452 is a no-trade/consolidation area—wait for a clear breakout or breakdown before taking a position.
Trade with discipline: Always use proper position sizing and respect stop levels as marked. Today’s price actions around these levels can offer both intraday breakout and reversal opportunities for active traders.
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Technical Chart Analyst - Focus on 🇮🇳 🇺🇸 Markets. Indices | Commodities | Crypto Currencies.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.