A correction ahead.If you know Elliott Wave, then you will understand this analysis. Now as you saw my last post a wave 'Y' on monthly T.F has started from 30 June. This was on a larger T.F but this analysis is on smaller T.F. Wave '1' has completed now on this T.F. and a correction ahead upto 0.618(25345) or 0.707(25420) of this enfire run as showed in screenshot.
INDIA50CFD trade ideas
#NIFTY Intraday Support and Resistance Levels - 25/07/2025Nifty is expected to open with a slight gap-down and is currently trading within a tight consolidation zone between 24,950 and 25,050. This narrow 100-point range has acted as a critical zone over the past sessions, indicating indecision and low conviction among traders.
A sustained move above 25,050–25,100 may provide a long opportunity with potential upside targets of 25,150, 25,200, and 25,250+. Strong bullish momentum will only be confirmed if Nifty manages to close above 25,250, which may push the index further toward 25,350–25,400 in the coming days.
On the other hand, a breakdown below 24,950 will shift the bias toward bearishness. A short setup could then target 24,850, 24,800, and 24,750- levels.
Until then, expect sideways price action between 24,950 and 25,050. Traders should wait for a breakout or breakdown before entering fresh trades. Avoid aggressive entries inside this tight band.
Nifty 50: Nifty 50:
The index is turning weak after reacting @ the crucial supply zone.
Every pullback is being sold aggressively since June 30.
We have a possibility for downside upto 24150 or even 23450 in the worst case.
The possibility goes strong if we get a strong closing on the downside this week.
The move becomes invalid on closing above 25350, whose probability is miniscule as per the chart.
Plan ur trades as per your risk profile.
Cheers
Note: Do your own due diligence before taking any action.
Nifty Analysis EOD – July 24, 2025 – Thursday 🟢 Nifty Analysis EOD – July 24, 2025 – Thursday 🔴
📉 A Surprise Expiry Collapse – When Strength Turns into a Sucker Punch
Today’s session was an unexpected twist.
Nifty opened above the previous day’s high, giving early hope to the bulls—but within the first hour, it slipped to 25,155 and formed its IB. What followed was a sharp 136-point fall, breaking not just yesterday’s low, but also the July 22nd low. This sudden bearish momentum was completely news-driven, and expiry-day long unwinding only added fuel to the fire.
Despite a strong close yesterday, today’s fall erased all of July 23rd’s gains and brought us right back to July 22nd’s close—neutralizing the recent upward effort.
The day closed at 25,062, marginally above key support. Technically, today’s low respected the 0.618 Fib retracement level drawn from July 21st’s low to July 23rd’s high—so a dead cat bounce is possible if no further bad news hits. But if we open below 25,050 tomorrow, expect more downside pressure toward 24,960–24,890 zones.
🕯 5 Min Time Frame Chart with Intraday Levels
🕯 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 25,243.30
High: 25,246.25
Low: 25,018.70
Close: 25,062.10
Change: −157.80 (−0.63%)
Candle Structure Analysis:
🔴 Body: Large red body (181.2 pts) shows strong intraday selling.
☁️ Upper Wick: Tiny (2.95 pts) → sellers dominated from the start.
🌊 Lower Wick: Moderate (43.4 pts) → small recovery near close.
Candle Type:
Almost a bearish Marubozu — clear domination by sellers with barely any upper shadow, signaling intense sell pressure.
Key Insight:
Bulls lost control after open.
Bears took charge below 25,155.
Close near support, but bias cautious.
Bulls must reclaim 25,150+ for recovery, else 25,000 may give way.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 185.97
IB Range: 83.55 → Medium
Market Structure: Balanced
Trades Triggered:
⏰ 10:05 AM – Short Entry → SL Hit
⏰ 11:10 AM – Short Entry → Target Hit (1:3.6 Risk:Reward)
📊 Support & Resistance Levels
Resistance Zones:
25,125
25,155
25,180 ~ 25,212
25,233
Support Zones:
25,080 ~ 25,060
25,020
25,000 ~ 24,980
24,967 ~ 24,959
24,882
🔮 What’s Next?
A gap-up or stable open may trigger a dead cat bounce toward 25,150–25,180.
A gap-down below 25,050 confirms bearish continuation → next targets: 24,960 / 24,890.
Watch price action around the 25,020–25,060 zone closely.
🧠 Final Thoughts
“Markets are never wrong – opinions often are.”
— Jesse Livermore
Today was a reminder of how expiry day surprises and news flows can flip the narrative. Stay flexible, and keep a bias—but not a blind one.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NIFTY50 Analysis ScenariosNIFTY briefly went below 25000 points but could not consolidate so a possible scenario is that X- wave is forming, triangle - X - triangle and then the upward movement starts.
Alternative scenario
If the end of wave-c of the reverse triangle breaks (red horizontal line), NIFTY could decline to the specified range.
Good luck
NEoWave Chart
Nifty falls again as it can not sustain above 25240 level. Nifty again has shown some weakness as it was not able to sustain levels above 25240. The fall was lead by IT index which ended with deep cuts and fell 2.12% the other indices that saw fall were FMCG, Realty and Small Cap index. Trump's stance against Tech companies hiring from India and the deadlock in the trade deal also contributed to fall today. Index fell 157.8 points today and ended below both Mother and line on hourly chart. In the daily chart the candle we saw today was a bearish engulfing candle so further weakness can not be ruled out. The 2 major supports for nifty remain at 25017 and 24956 if these two supports are broken we may see Nifty falling towards 24885 or even 24742. Resistances for Nifty remain at 25097, 25138, 25182 and 25246. Only after we get a closing above 25246 we can see Nifty rally upwards.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty closed near support zoneNifty showed an alternating trend this week with sessions closing both in red and green, indicating indecision and no clear sustained direction.
The index faced strong resistance near 25,250 but pulled back afterward.
It closed near the key support zone around 25,050–25,000, an important area for bulls and bears.
Key Support and Resistance Zones
Immediate support is at 25,050–25,000, where buyers have consistently stepped in. A decisive breach below this could trigger declines toward 24,900–24,830.
Critical support at 24,830 is seen as crucial for maintaining the uptrend; a drop below may invite further correction.
Immediate resistance stands at 25,250–25,300, serving as a supply zone. A sustained break and close above this level could spark the next uptrend phase.
Higher hurdles to watch for, if breakout occurs, lie around 25,350–25,500.
What to Watch Next
The next direction depends on whether Nifty breaks and closes beyond its current range.
A close above 25,250–25,300 could signal a bullish breakout toward 25,350 and possibly 25,500.
A close below 25,000 may lead to profit booking and decline, testing supports near 24,900 and 24,800.
Technical indicators such as MACD and RSI show mixed signals: momentum is fading but not sharply bearish, provided support holds.
The week’s alternating closes reflect “consolidation with an upward bias,” but without a clear catalyst, Nifty remains range-bound.
Traders are advised to wait and watch, preferring buy-on-dips near support, avoiding aggressive trades until a decisive close beyond the current range occurs.
In summary: Nifty is in a tug-of-war between resistance at 25,250 and support near 25,000. A breakout or breakdown will likely set the trend direction for upcoming sessions. Meanwhile, expect range-bound movement and trade cautiously.
Nifty levels - July 25, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Long term Goal on Nifty 50Nifty should break 25,300 to reach the next level.
The Fib Retracement shows 26,200 as the next resistend, if India has more positive news and supported by Corporate results. It should break it. But as of now today(24/7/2025), the corporate results are mixed, today is infosys result after market, which may be crucial to watch. There should be some reforms backed by Government support may change the market direction. The FII are selling for a while. Tech is at its peak with AI and Robotics. NASDAQ is its all time high, Bitcoin is sky-rocketing, when is the Nifty touches its next peek.
what do you think of it.?
share your comments.
NIFTY S/R for 24/7/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
#nifty directions and levels for July 24Good morning, friends! 🌞
Here are the market directions and levels for July 24th:
The global market is showing a moderately bullish sentiment.
Meanwhile, the local market is also exhibiting a moderately bullish tone.
Today, Gift Nifty indicates a gap-up opening of around 60 points.
What can we expect today?
In the previous session, both Nifty and Bank Nifty took a solid pullback.
At the same time, the open interest also shifted to the bullish side.
So, if the gap-up sustains, we can expect the pullback continuation.
Also, as it’s a new moon day(for south), some volatility can be expected.
Let’s look at the charts:
Current View:
The current view suggests that, as mentioned above,
if the gap-up sustains, we can expect a rally continuation with some consolidation.
In this case, the parameters are showing slight strength,
so the rejection zone may act just around the minor resistance.
Alternate View:
The alternate view suggests that
if the gap-up does not sustain or if the market rejects near immediate resistance with a solid reversal,
then we can expect a minor correction of around 23% to 38%.
However, unless the market breaks below the 38% level,
we cannot confirm a reversal into a bearish trend.
#NIFTY Intraday Support and Resistance Levels - 24/07/2025Nifty is expected to open with a bullish gap-up today, breaching the 25,250 resistance zone. This level has been acting as a consolidation ceiling in recent sessions, and today’s opening above it indicates strong buying momentum in the market.
If Nifty sustains above 25,250, we may witness a fresh upside rally towards the immediate targets of 25,350, 25,400, and 25,450+. A decisive breakout above this zone would mark the continuation of the upward trend and may attract aggressive long-side participation.
On the downside, if Nifty slips and sustains below 25,200–25,250, weakness could resume. A break below 25,200 may lead to a correction toward 25,150, 25,100, and possibly even 25,050-, which will now act as a crucial support zone.
Overall, today's session may remain bullish above 25,250 with momentum trades favored on the long side.
Nifty Analysis EOD – July 23, 2025 – Wednesday 🟢 Nifty Analysis EOD – July 23, 2025 – Wednesday 🔴
“Confidence climbs the ladder – bulls push past key levels.”
Nifty opened with a Gap Up of 78 points and initially retraced 54 points, finding solid footing around the CPR Zone. Once reclaimed VWAP, the index climbed in a methodical, low-volatility uptrend, breaking one resistance after another: CDH, R1, 25150, PDH, and the key zone 25200~25212 — finally touching the anticipated resistance at 25333, and closing just below that at 25219.90, close to the day’s high.
📌 Flashback from Yesterday's Note:
“If this is truly a retracement, 25K must hold in upcoming sessions, and bulls will need to reclaim 25,200 to regain their grip.”
👉 This expectation played out to perfection today — gradual yet confident bullish strength led Nifty to reclaim 25200 and close above it.
🔍 Today’s close of 25220 is higher than the last 7 sessions, suggesting a bullish shift in structure. However, bulls now face the real test — breaching the 25300 ~ 25350 resistance zone.
🕯 5 Min Time Frame Chart with Intraday Levels
🕯 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
Open: 25,139.35
High: 25,233.50
Low: 25,085.50
Close: 25,219.90
Change: +159.00 (+0.63%)
Candle structure analysis:
Real body: Green body = 80.55 pts → strong bullish body
Upper wick: 13.60 pts → very small
Lower wick: 53.85 pts → moderate
Candle Interpretation:
The session opened stable, dipped to 25,085, but strong buyers showed up, helping price climb throughout the day and close near high. A firm green candle, signaling buyers in control.
Candle Type:
A Bullish Marubozu–like candle, not perfectly clean but represents strong continuation momentum.
Key Insight:
Close above 25200 confirms a bullish grip
If price holds above 25220–25250, next push could be towards 25280–25330
Immediate support now moves to 25,120–25,140
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 181.35
IB Range: 64.35 → Medium
Market Structure: Balanced
Trades Triggered:
⏱️ 10:45 AM – Long Entry → Trailing SL Hit (1:2.65 RR)
🔁 Support & Resistance Levels
Resistance Zones:
25,180 ~ 25,212
25,233
25,260
25,295 ~ 25,315
25,340 ~ 25,322 (Gap Zone)
Support Zones:
25,168
25,125
25,080 ~ 25,060
25,037
🧠 Final Thoughts
“Momentum is not magic—it’s built one level at a time.”
Bulls showed strength with control and consistency today. With 25200 reclaimed, they now hold the ball — next challenge lies at the gates of 25300–25350. Will they break through or pause for breath? Tomorrow holds the answer.
✏️ Disclaimer:
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Strong Comeback by Nifty few Resistances ahead.Nifty made a remarkable comeback today ending 159 points up closing at 25219. Infosys has posted better than expected result and as of now the Infosys ADR is up by 1.26%. So if there is a turnaround in the IT sector we can see Nifty fly upwards.
The next resistance ahead of Nifty is at 25256 if we get a closing above this the next will be at 25328. These 2 will be critical resistances to cross. Once we get a closing above 25328 Nifty can target 25433 and 25544. Above 25544 Nifty becomes very strong. In case Nifty is not able to cross 25256 or 25328 levels the supports for Nifty are at 25182. After this zone there is a dual support of Mother and Father line of Hourly chart at 25136 and 25142.
These are very strong supports. (Thus the zone between 25182 to 25136 is full of supports). We hope that these supports are held. In case we get a closing below 25136 Nifty will again fall into bearish territory and can plunge towards 25081, 24994 or even 24885.
The shadow of the candles right now is positive but 2 very important resistances mentioned earlier are yet to crossed so game is in balance but only slightly in favour of Bulls.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty trading in a rangeNifty Outlook:
Current Zone: Nifty has bounced from the 25,000 support and is now testing resistance at the 25,200–25,250 zone.
Immediate Resistance: 25,200–25,250 is a strong supply zone. A decisive breakout above this range is needed for further upside.
Upside Targets: If 25,250 is cleared, expect momentum toward 25,350 and 25,500.
Support Levels: 25,000 remains a strong support; below this, trend weakens with downside risk to 24,900.
Outlook: As long as Nifty holds 25,000, bias remains positive. Watch for a breakout above 25,250 to confirm fresh upside. Until then, expect range-bound action.
Candlestick Confluence: Bearish Signals in a Bullish Trend🔹 30 June – Bearish Engulfing
A large bearish candle fully engulfed the prior bullish day, forming at new highs (~25,790). Classic sign of distribution after an extended uptrend. This marked the beginning of the current corrective leg.
🔹 3 to 10 July – Falling Three Methods
After the initial drop, price consolidated in a tight range. Three small-bodied candles (4–9 July) signaled indecision. On 10 July, a strong bearish continuation candle confirmed the Falling Three Methods pattern — strengthening the downside move.
🔹 15 July – Downward Gap Tasuki
A bearish gap formed between 12–14 July. On 15 July, a small bullish candle emerged but failed to fill the gap — forming a Downward Gap Tasuki, a bearish continuation pattern. While this is typically a trend-continuation signal, it's forming within a primary uptrend, making follow-through uncertain.
🧠 Trend Context: Bullish Dominance Meets Short-Term Exhaustion
Despite these bearish candlestick formations, the broader trend from April remains structurally bullish. This confluence of reversal + continuation signals indicates:
Controlled profit-booking at highs
Low conviction from bulls near resistance
Possible mid-trend correction, not a trend reversal (yet)
🔎 Key Technical Levels to Watch
📉 Support Zones:
25,050: Immediate swing low (14 July)
24,850: Prior breakout zone
24,600: Horizontal support from mid-June
📈 Resistance Zones:
25,300 – 25,350: Gap resistance from 12–15 July
25,500: Key rejection zone from recent highs
25,650 – 25,700: All-time highs
⚠️ Market Psychology
Bulls are still in control on the higher timeframe, but the emergence of strong bearish patterns suggests hesitation at the top.
With Indian CPI easing and RBI’s neutral stance, macro still supports the bullish narrative — but the technical structure is flashing red flags in the short term.
🧾 Conclusion
"Nifty Spot has printed a sequence of reliable bearish candlestick formations — Bearish Engulfing (30 June), Falling Three Methods (3–10 July), and Downward Gap Tasuki (15 July). While these indicate short-term pressure, the broader uptrend remains intact. A close below 25,050 could trigger a deeper correction to 24,850–24,600. Bulls need to decisively reclaim 25,400+ to nullify the bearish setup and resume the uptrend."
#Nifty50
#NiftyAnalysis
#NiftyTechnicalAnalysis
#NSEIndia
#IndianStockMarket
#BearishEngulfing
#FallingThreeMethods
#TasukiGap
#CandlestickPatterns
#PriceAction
Nifty levels - Jul 24, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Comprehensive Technical Analysis: NIFTY50 ₹25060.90 as of 22/07Long-Term (Monthly/Weekly) - SWING PERSPECTIVE
Trend & Structure:
Elliott Wave:
Primary Trend: Bullish (Wave 3 or 5 ongoing since 2023).
Current Phase: Likely final sub-wave (Wave 5) targeting ₹25,800–26,200.
Risk: Completion of Wave 5 may trigger a 10–15% correction (ABC pattern) toward ₹22,500–23,000 (38.2% Fib retracement).
Wyckoff & Volume:
Accumulation/Distribution: Monthly volume declining near highs → early distribution signals.
Key Level: Close below ₹24,800 confirms distribution phase (bearish reversal).
Gann Analysis (Price-Time Squaring):
Square of 9:
Key Resistance: ₹25,317 (√25,060 ≈ 158.3; 158.5² = 25,132 → 159² = 25,281).
Major Support: ₹24,649 (157.5²), ₹24,000 (psychological + Gann 45° angle).
Time Cycle:
Aug-Sep 2025 critical for reversal (90-day cycle from April 2025 high).
Ichimoku (Weekly):
Kumo Cloud: Price above cloud → bullish bias.
Lagging Span (Chikou): Above price (26 weeks back) → no congestion.
Warning: Tenkan (9) below Kijun (26) on weekly → momentum loss.
Moving Averages (Weekly):
Bullish Stacking: EMA(20) > EMA(50) > SMA(100) → trend intact.
Support: EMA(20) at ₹24,200
Medium-Term (Daily/4H) - SWING ENTRY
Candlestick Patterns:
Daily: Doji/Spinning Top near ₹25,060 → indecision.
4H: Bearish Shooting Star → resistance at ₹25,150–25,200.
Harmonic Patterns:
Bullish Bat potential (PRZ: ₹24,600–24,750).
Bearish Crab if price rejects ₹25,300 (PRZ: ₹25,280–25,350).
Gann Angles:
1x1 Angle Support (from June 2025 low): ₹24,900 (break → accelerates selling).
Price-Time Squaring:
24th July = 180° from Jan 2025 low → watch for volatility.
RSI + Bollinger Bands (Daily):
RSI(14): 68 (neutral-bearish divergence → weakening momentum).
BB(20,2): Price near upper band (₹25,200) → overbought.
VWAP (4H): Price above VWAP → intraday bullish, but divergence at highs.
Intraday (1H/30M/15M/5M)
Ichimoku (1H):
Tenkan (9) > Kijun (26): Bullish.
Kumo Twist: Support at ₹24,950 (cloud top).
Sell Signal: If price breaks below Kijun (₹25,010).
Moving Averages (30M):
EMA(20): ₹25,040 (intraday support).
Death Cross: EMA(20) < SMA(50) on 15M → short-term bearish.
RSI + BB (15M):
RSI(14): 72 → overbought.
BB Squeeze: Bands narrowing → expect breakout (bearish bias below VWAP).
Gann Intraday Levels (5M):
Resistance: ₹25,100 (1x1 angle), ₹25,180 (2x1).
Support: ₹24,980 (1x1 downside), ₹24,920 (2x1).
Synthesis & Trading Plan
Bullish Scenario (Swing):
Trigger: Hold above ₹24,900 (Gann 1x1) + RSI > 60 on weekly.
Target: ₹25,800–26,200 (Wave 5, Gann Square 159²).
Stop Loss: ₹24,650 (Harmonic Bat PRZ).
Bearish Reversal (Intraday/Swing):
Trigger: Close below ₹24,950 (Ichimoku cloud) + RSI < 50.
Target: ₹24,600 (Harmonic Bat), ₹24,000 (monthly SMA).
Stop Loss: ₹25,200 (Bollinger upper band).
Intraday Levels (23rd July):
Resistance Support
₹25,100 (1H VWAP) ₹25,000 (psych)
₹25,180 (Gann 2x1) ₹24,950 (Ichimoku)
₹25,280 (Sq9) ₹24,800 (daily pivot)
Key Risk Factors
Gann Time Cycle: 24–28 July = high volatility (price-time square).
Elliott Terminal Wave: Wave 5 exhaustion → strict stop losses.
VWAP Divergence: Failure to hold above VWAP on 4H → short.
Instrument: NIFTY50
Strategy:
Swing: Wait for daily close above ₹25,150 (confirms bullish) or below ₹24,800 (bearish).
Intraday: Sell rallies to ₹25,100–25,150 (RSI>70, BB squeeze) for ₹24,950.
Verified Tools:
Gann Square of 9 + Ichimoku for precision entries.
RSI/BB for overbought/oversold filters.
For those interested in further developing their trading skills based on these types of analyses, consider exploring the mentoring program offered by Shunya Trade.(world wide web shunya trade)
I welcome your feedback on this analysis, as it will inform and enhance my future work.
Regards,
Shunya Trade
world wide web shunya trade
⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
#NIFTY Intraday Support and Resistance Levels - 23/07/2025Nifty is expected to open with a gap-up today, continuing its sideways movement within a tight range. There are no significant changes in key levels from the previous session, indicating a consolidative phase in the market. Price action near these levels will be crucial for intraday direction.
On the upside, a bullish continuation can be expected if Nifty sustains above 25,050–25,100. This zone has been acting as a breakout point, and a sustained move above can lead to an intraday rally toward 25,150, 25,200, and 25,250+. Further strength will be confirmed if Nifty crosses 25,250, opening the possibility to test 25,350, 25,400, and even 25,450+ levels.
On the downside, if Nifty breaks below 24,950, it may trigger a short setup with potential downside targets of 24,850, 24,800, and 24,750-. This breakdown would indicate weakness, especially if it comes with volume.
#Nifty directions and levels for July 23rd:Good morning, friends! 🌞
Here are the market directions and levels for July 23rd:
The global market shows no major changes and continues to maintain a moderately bearish sentiment.
Meanwhile, the local market is exhibiting a moderately bullish tone. Today, Gift Nifty indicates a gap-up opening of around 60 points.
What can we expect today?
In the previous session, both Nifty and Bank Nifty couldn't sustain the gap-up start. Structurally, we are still in an unclear zone.
However, my expectation is that today’s market may take some consolidation after the gap-up start.
Looking at the chart, the current view suggests:
* If the market sustains the gap-up and breaks the immediate resistance, we can expect the pullback to continue with a moderately bullish tone.
Alternate view:
* If the gap-up doesn’t sustain and the market declines initially, it may reach the immediate support level.
* If a pullback happens from there, we can expect a range-bound market.
* Conversely, if the support breaks, the correction is likely to continue.