Nifty 50 is consolidating near 25,061 after an initial drop, with price struggling to decisively reclaim key support-resistance zones.
Bullish Scenario (Long Logic)
Long Entry (25,103):
Enter above 25,103 as this level marks a breakout above recent supply and reclaims short-term moving averages, suggesting demand is returning after a pullback.
Consider aggressive adds above 25,089, leveraging momentum and tight stops for up-moves if the reversal holds.
Upside Targets:
Target 1: 25,133 – Prior high and supply area where profit-booking or resistance may emerge.
Target 2: 25,179 – Next supply zone, often coinciding with previous session resistance spikes and broader range highs.
Stop Loss:
Maintain stops just below 25,062 to minimize risk on failed breakouts.
Bearish Scenario (Short Logic)
Short Entry (25,074):
Go short below 25,074 as this breaks session support and re-enters bearish territory, with failure to sustain 15-min swing lows.
Downside Targets:
Target 1: 24,981 – Recent demand and bounce area, often where intraday covering may occur.
Target 2: 24,935 – Deeper support representing potential extension if selling accelerates.
Stop Loss:
Exiting shorts if Nifty sustains above 25,103 keeps losses tight if breakdown reverses quickly.
Neutral/Balanced Zone
Zero Line (25,057):
Market bias flips at this level. Above = buyers in control; below = sellers may drive a test of lower targets.
Sideways or low conviction action between 25,074 and 25,062 is high-risk for stop hunts and false moves.
Overall Structure
Monitor for breakout retests or quick reversal signs at mapped levels for best entries.
Both bull and bear strategies are clearly framed to respond to directional momentum or rapid reversals, with disciplined stop-loss positioning.
Intraday bias should adjust quickly at given levels, as Nifty’s tight range suggests a move may come with increased volume or news catalysts on the day.
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Track: Indian & US Markets
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Telegram: @ChartPathik for NSE & MCX
& @ChartPathik_Global for US Ins. & Crypto
WhatsApp: +91-99293-91467 for updates.
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.
Technical Chart Analyst
Track: Indian & US Markets
Indices | Commodities | Crypto
Telegram: @ChartPathik for NSE & MCX
& @ChartPathik_Global for US Ins. & Crypto
WhatsApp: +91-99293-91467 for updates.
Track: Indian & US Markets
Indices | Commodities | Crypto
Telegram: @ChartPathik for NSE & MCX
& @ChartPathik_Global for US Ins. & Crypto
WhatsApp: +91-99293-91467 for updates.
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.