Seen on chart :
Nifty is right at a major resistance zone ≈ 26,275–26,325
This level is a double top / supply zone, and strong sellers are visible
Price rejected today with a red candle → Profit booking / short-term weakness
Fib retracement drawn from 21,758 → 26,325
Short-Term View
Bearish bias short-term unless closes above 26,325
Possible pullback zones
First support zone: 25,247
Next support: 24,580
Major buying zone: 24,042–23,502
Trading Plan
If holding longs
Book partial profit near resistance
Add again only if breakout & close above 26,325
Fresh entries
Buy on dip around supports, not at top
🎯 Dip Buying Targets
25,247 → bounce target back 25,850–26,000
24,580 → bounce target 25,200
🛑 Weak below: 24,580
💥 Breakout strength above: 26,325
Conclusion
Nifty is at major resistance, expecting healthy correction / pullback before another rally.
Correction towards 25,247–24,580 is healthy and good for positional buying.
Nifty is right at a major resistance zone ≈ 26,275–26,325
This level is a double top / supply zone, and strong sellers are visible
Price rejected today with a red candle → Profit booking / short-term weakness
Fib retracement drawn from 21,758 → 26,325
Short-Term View
Bearish bias short-term unless closes above 26,325
Possible pullback zones
First support zone: 25,247
Next support: 24,580
Major buying zone: 24,042–23,502
Trading Plan
If holding longs
Book partial profit near resistance
Add again only if breakout & close above 26,325
Fresh entries
Buy on dip around supports, not at top
🎯 Dip Buying Targets
25,247 → bounce target back 25,850–26,000
24,580 → bounce target 25,200
🛑 Weak below: 24,580
💥 Breakout strength above: 26,325
Conclusion
Nifty is at major resistance, expecting healthy correction / pullback before another rally.
Correction towards 25,247–24,580 is healthy and good for positional buying.
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.
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.