NIFTY50 MULTI-Time Frame Analysis {02-05-2026}

May 2

➖ NIFTY Multi Timeframe analysis for monday.

Nifty is likely to open gap-up on Monday, but that doesn’t mean trend confirmation.
There is a major supply zone overhead, which can easily absorb buying and push price down again.

Scenario Planning:
➡️ Gap-Up Open:

Watch reaction near supply zone
If rejection comes → expect down move / trap
Avoid chasing highs

➡️ Flat Open:
Higher probability of move towards supply zone
Market may attempt one more test of resistance


🔹 Daily Chart View
Price is clearly in a range structure and struggling near the upper boundary.

On the upside, there is:
Weekly resistance zone
Swing high supply area
This combination is acting as a strong cap.

Expectation:
Market is likely to continue range for a few more sessions
Needs multiple attempts + consolidation before any clean breakout


🔹 Weekly Chart View
Price is facing rejection near the 20 EMA, indicating a temporary pause in the upside rally.
However, structure is not bearish yet.

Crucial Level:
2-week low → Key support

Scenario:
Hold above it → Just a range/consolidation
Break below it → Sentiment turns bearish

Share your views and analysis in the comment section.
Keep Learning,
Happy trading.

May 6

Note

#GIFTNIFTY showing a Positive start for Index.
Yesterday Most of the Global and Metals trading higher.🔄

DJI - 356+🔼
GOLD- 1.5% UP🔼
SILVER - 3% UP 🔼
CRUDE - 2% DOWN🔽

Now How it should react after open?
As we have analysed there is a range action going on so bouncing from support leads to resistance and next resistance is 23330 Zone.

If we Open in this resistance zone and do not break it with momentum then expect a reaction down towards 20 EMA on DTF or Last day high.

If breaks 24330 with Momentum then - 23750 is next resistance.

May 7

Trade active

#NIFTY 30 min Chart Analysis
📊

All Eyes On opening now ✔️
It will decide the next move in Index.

There are some Scenario Building up🔖

1. If Open Flat - Inside 24370 zone and Initial Candle Doesn't Break this Level then it will move down to 24170.

2. Open Above 24400 - Then we will head up Towards 24600 a Minor resistance then 24750 Our Upside Destination.

3. Open at resistance - then it will show some reaction down before giving more upside.
Resistance are 24600 & 24750.

GIFTNIFTY is Trading at 24450 and Last day Nifty50 Close is 24330 = 120 Points Difference.