NIFTY50 MULTI-Time Frame Analysis {02-05-2026}➖ NSE: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.
