NIFTY 50 — Intraday Setup | Mon, 11 MayNIFTY 50 — Intraday Setup
Monday, 11 May 2026 · 15-min reference
Scenarios :
Bullish — sustained break above 24,305
If Nifty opens above 24,200 and holds with volume, watch for a push toward 24,350. A 15-min close above 24,305 confirms the move. Target 24,400 → 24,480. RSI should cross 55+.
Bearish — rejection at 24,200 / gap-down open
Rejection near 24,138 – 24,200 zone with weak breadth → look for short below 24,130. First target 24,075, extended target 24,000 → 23,834. RSI heading toward 40 area aligns.
Sideways — range-bound between 24,075 and 24,305
If opening occurs inside yesterday's range with no directional volume, expect chop between 24,075 and 24,200. Avoid mid-range entries; trade only extremes.
Pre-market checklist :
Watch before 9:15 AM: SGX Nifty / Gift Nifty direction · Global cues (Dow, Nasdaq futures) · India VIX — stay cautious if VIX > 14 · FII/DII provisional data · Any macro event (CPI / RBI commentary) · First 15-min candle direction is key — do not trade against it without confirmation.
⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
