Top-Down Nifty 50 Price Structure Analysis for 02nd December 2025. The day is Tuesday.
Event: Nifty 50 Weekly Expiry. No other high-impact event.
(1) Monthly Time Frame:
It is the first day of the month. It is an inside candle. Major resistance is at level 26300. Major support is at levels 26150 and 26100. The view is bullish to indecisive. Technically, no scenario to short. Best to avoid trade.
(2) Weekly Time Frame:
It is the first day of the week. It is kind of a red marubozu, but with slight buying from the level 26150. There is a very strong resistance at the level 26300. There is a very strong support at the levels 26150 and 26100. Also, it's an inside week. Highly indecisive scenario. However, the uptrend is still intact. So, taking a short position is also difficult. No bullish trade till 26300 is breached. No bearish trade till 26100 is breached. The view is indecisive.
(3) Daily Time Frame:
Back-2-back 3-day red candle. Also, 3 days of range-bound consolidation. However, the uptrend is still intact. The bullish marubozu made on 26th November is still holding the uptrend. At this level, strong resistances are at levels 26300 and 26250. Strong support levels are at 26150 and 26100. The view is indecisive until higher or lower levels are breached.
(4) 30-Minute Time Frame:
A perfect zig-zag range-bound consolidation of price in the zone of 26300 to 26150 is evident. There is also a formation of a pole and flag pattern. It is a no-trading zone. Major resistance levels are at 26300 and 26250. Major support levels are 26150 and 26100. The view is indecisive to bearish as it seems the price structure formed a triple top.
No Trading Zone (NTZ): 26300 - 26100.
Bullish Scenario Set-Up:
(i) Price sustains above the opening price.
(ii) Price starts to form a higher highs and lower lows structure above the level 26250.
(iii) Price shows the promise of trading above 26300.
Bearish Scenario Set-Up:
(i) Price sustains below the opening price.
(ii) Price starts to develop lower lows and lower highs below 26150.
(iii) Price decisively breaches the 26100 level.
Strong Resistance Zone: 26300 - 26250.
Strong Support Zone: 26150 - 26100.
Expectations (Hypothesis and insight from the trade plan):
(1) The view is bearish to indecisive. Every upmove should be doubted as sellers will try to expire price below levels 26300 and 26250.
(2) There is a higher chance of breaching the levels 26150 and 26100. But wait till 26100 is decisively breached.
(3) The first sign of bullishness can only be observed when the price sustains above the level 26250. But bullish probability is low. By the end of the day, if the price holds above 26150 - 26100 and tries to sustain above 26200, then there is a higher chance of bullish continuation.
(4) However, if the price breaches 26100 decisively, then there might be a free fall till 26000 at least.
Event: Nifty 50 Weekly Expiry. No other high-impact event.
(1) Monthly Time Frame:
It is the first day of the month. It is an inside candle. Major resistance is at level 26300. Major support is at levels 26150 and 26100. The view is bullish to indecisive. Technically, no scenario to short. Best to avoid trade.
(2) Weekly Time Frame:
It is the first day of the week. It is kind of a red marubozu, but with slight buying from the level 26150. There is a very strong resistance at the level 26300. There is a very strong support at the levels 26150 and 26100. Also, it's an inside week. Highly indecisive scenario. However, the uptrend is still intact. So, taking a short position is also difficult. No bullish trade till 26300 is breached. No bearish trade till 26100 is breached. The view is indecisive.
(3) Daily Time Frame:
Back-2-back 3-day red candle. Also, 3 days of range-bound consolidation. However, the uptrend is still intact. The bullish marubozu made on 26th November is still holding the uptrend. At this level, strong resistances are at levels 26300 and 26250. Strong support levels are at 26150 and 26100. The view is indecisive until higher or lower levels are breached.
(4) 30-Minute Time Frame:
A perfect zig-zag range-bound consolidation of price in the zone of 26300 to 26150 is evident. There is also a formation of a pole and flag pattern. It is a no-trading zone. Major resistance levels are at 26300 and 26250. Major support levels are 26150 and 26100. The view is indecisive to bearish as it seems the price structure formed a triple top.
No Trading Zone (NTZ): 26300 - 26100.
Bullish Scenario Set-Up:
(i) Price sustains above the opening price.
(ii) Price starts to form a higher highs and lower lows structure above the level 26250.
(iii) Price shows the promise of trading above 26300.
Bearish Scenario Set-Up:
(i) Price sustains below the opening price.
(ii) Price starts to develop lower lows and lower highs below 26150.
(iii) Price decisively breaches the 26100 level.
Strong Resistance Zone: 26300 - 26250.
Strong Support Zone: 26150 - 26100.
Expectations (Hypothesis and insight from the trade plan):
(1) The view is bearish to indecisive. Every upmove should be doubted as sellers will try to expire price below levels 26300 and 26250.
(2) There is a higher chance of breaching the levels 26150 and 26100. But wait till 26100 is decisively breached.
(3) The first sign of bullishness can only be observed when the price sustains above the level 26250. But bullish probability is low. By the end of the day, if the price holds above 26150 - 26100 and tries to sustain above 26200, then there is a higher chance of bullish continuation.
(4) However, if the price breaches 26100 decisively, then there might be a free fall till 26000 at least.
Note
It is 10:35 (1) Price gapped down today.
(2) The gap is not yet filled.
(3) Presently, the price is staggering exactly around the opening price.
(4) Probably, price is trying to make a new range (26150 - 26050) for consolidation.
(5) Presently, the view is bearish.
(6) Today is Nifty expiry. Thus, there is a higher chance that the price might stagger around the opening price and make the situation indecisive.
(7) The price structure of lower lows and lower highs still continues. So, bearish sentiment continues.
(8) We will think about bullish sentiment only when the bearish structure reverses to form a higher highs and lower lows structure.
Note
It is 11:15(1) The market is extremely choppy and indecisive.
(2) Major consolidation zone 26150 - 26050.
(3) Bearish trade is the path of least resistance.
(4) Bullish set-up only feasible above the level 26200.
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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.
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.