Opening Level: ₹24,691.10
Current Level: ₹24,765
Day's Range: ₹24,500 – ₹24,900 (approximate)
🔑 Key Support & Resistance Levels
Immediate Support: ₹24,500
Immediate Resistance: ₹24,900
Pivot Point: ₹24,765
📊 Market Sentiment
Trend: The NIFTY 50 has experienced a six-day losing streak, indicating bearish momentum.
NDTV Profit
Volume: Trading volume is higher than average, suggesting increased investor activity.
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹24,900
Stop-Loss: ₹24,500
Target: ₹25,100 → ₹25,300
2. Bearish Scenario
Entry: Below ₹24,500
Stop-Loss: ₹24,900
Target: ₹24,300 → ₹24,100
⚠️ Risk Management
Limit risk to 1% of capital per trade.
Always use stop-loss to protect against unexpected market movements.
Monitor broader market trends and sector-specific news that may impact index performance.
Current Level: ₹24,765
Day's Range: ₹24,500 – ₹24,900 (approximate)
🔑 Key Support & Resistance Levels
Immediate Support: ₹24,500
Immediate Resistance: ₹24,900
Pivot Point: ₹24,765
📊 Market Sentiment
Trend: The NIFTY 50 has experienced a six-day losing streak, indicating bearish momentum.
NDTV Profit
Volume: Trading volume is higher than average, suggesting increased investor activity.
📈 Strategy (1D Timeframe)
1. Bullish Scenario
Entry: Above ₹24,900
Stop-Loss: ₹24,500
Target: ₹25,100 → ₹25,300
2. Bearish Scenario
Entry: Below ₹24,500
Stop-Loss: ₹24,900
Target: ₹24,300 → ₹24,100
⚠️ Risk Management
Limit risk to 1% of capital per trade.
Always use stop-loss to protect against unexpected market movements.
Monitor broader market trends and sector-specific news that may impact index performance.
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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.
Related publications
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.