NIFTY 50 – Intraday Outlook (22 June)

Jun 22

✅ Buyers aggressively defended 23,900–23,930 zone
✅ A high-volume bullish rejection candle appeared near support
✅ Price reclaimed 24,000 immediately after the shakeout
✅ Structure is making higher highs and higher lows

This is not the behavior of a weak market.
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Bullish Trade Plan (Preferred)

Aggressive Entry
✅ Buy on:
Retest of 24,000–24,010

✅ Stop Loss:
23,960

✅ Targets:
24,050
24,140
24,182

Risk/Reward is attractive because support is nearby.
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Bearish Trade Plan

I would only consider shorts if:

✅ Condition 1

Price closes below:

24,000

AND

✅ Condition 2

Next candle fails to reclaim 24,000.

✅ Then targets become:
23,930
23,900
23,850

This would indicate that the breakout was a false move.
Until then, shorting is counter-trend.
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Kindly note that this is just for educational purpose and not a trade recommendation.

Jun 22

Note

Just the way it was planned,

price reached marked target 1, faced resistance exactly at the same level,

Taken a small pullback and ready for next move now.

Jun 22

Note

But remember, not to get too aggressive as there is a major supply zone ahead.

Jun 22

Trade closed: target reached