Nifty AnalysisThis is Nifty Analysis for Thursday 26th Aug 2025.
Nifty formed a small green candle previous day and is up by 0.39%. Still it may attempt to fill the Monday Gap up before moving upwards.
Trade Strategy 1: Enter Short position (Put Option) after retracement confirmation around 61.8% around 24,945. Stoploss just below 25,980. Target 1 just below previous day close 24,880. This gives 1 is to 2 risk reward ratio. Target 2 around high 25,816. This gives 1 is to 3.7 risk reward ratio.
Safe traders may consider Trailing Stoploss after 1 is to 1 risk reward ratio is achieved. Note - This is for educational purposes only and not a trade recommendation. I am not SEBI registered. Kindly do your own research before doing any financial transaction.
NIFTY
BIG GAP needs to be filled!! MORE downside??As we can see NIFTY showed unidirectional downfall exactly from our trendline RESISTANCE exactly as analysed and we analysed it through the previous day closing of the candle. Now we can see a big gap that needs to be filled below 24860, hence we might see a trap before finally filling in the GAP below which is almost 200 point. SO, one can plan their trades if following criteria is met
Nifty 50 spot 24,870.10 by the Daily Chart view - Weekly updateNifty 50 spot 24,870.10 by the Daily Chart view - Weekly update
- Support Zone 24450 to 24700 for Nifty Index
- Rising Support Channel sustaining in the supportive role
- Resistance Zone seen at 24900 to 25100 for Nifty Index Level
- Next Resistance Zone seen at 25375 to 25600 for Nifty Index Level
- Nifty Index formed Bearish Rounding Top, dose pretty much seems rejected by Resistance Zone with closure below it
- Basis Gap Up Opening done on 18th August, 2025, Nifty Index might just test Support Zone for closing Gap Up vacuum area
- Rest, let us HOPE FOR THE BEST TO HAPPEN, for the known fact that MARKETS ACT SUPREME ALL THE TIME, no matter what we propagate
Nifty AnalysisThis is Nifty Analysis for Thursday 22nd Aug 2025.
Nifty formed a red candle but formed higher high and higher low formation on Weekly Expiry on Thursday. Nifty is up by 0.13%.
Trade Strategy 1:
Enter Long position (Call Option) after retracement confirmation around 61.8% and Wednesday close - around 25,050. Stoploss just below 25,000.
Target 1 just below previous day high 25,150. This gives 1 is to 1.7 risk reward ratio.
Target 2 around 25,200. This gives 1 is to 2.7 risk reward ratio.
Safe traders may consider Trailing Stoploss after 1 is to 1 risk reward ratio is achieved.
Note - This is for educational purposes only and not a trade recommendation. I am not SEBI registered. Kindly do your own research before doing any financial transaction.
Nifty AnalysisThis is Nifty Analysis for Thursday 21st Aug 2025. Its Weekly Expiry day and may be volatile. Option buyers need to be cautious and safe traders may avoid this day.
Nifty formed a bullish candle and moved up by 0.28% on Wednesday. Nifty is above short term EMAs in Daily timeframe, but is around resistance and psychological level 25,000. This strategy is a risky one.
Trade Strategy 1: Enter Long position (Call Option) after retracement confirmation around previous day low - around 24,930. Stoploss just below 24,850. Target 1 just below previous day close 25,038. This gives 1 is to 1.5 risk reward ratio. Target 2 around previous day high 25,088. This gives 1 is to 2 risk reward ratio.
Safe traders may consider Trailing Stoploss after 1 is to 1 risk reward ratio is achieved.
Note - This is for educational purposes only and not a trade recommendation. I am not SEBI registered. Kindly do your own research before doing any financial transaction.
Chart Analysis - TCS1) Weekly support (context)
Price is sitting near a multi-week demand zone (prior swing lows / consolidation base). Weekly supports matter because bigger timeframes filter noise and attract institutional flows.
When price returns to a weekly support and stabilizes, it often transitions from distribution to accumulation.
2) Daily double bottom (pattern)
A double bottom forms when price tests a low, bounces, then retests roughly the same low and rejects it again. That shows buyers defending the level twice.
The neckline is drawn across the swing high between the two lows. A daily close above the neckline confirms the pattern.
3) Volume confirmation
Healthy: rising volume on up-days, especially on the rally from the second bottom and on the neckline breakout. That says demand is active, not just a technical bounce.
4) Risk line (“invalidates below today’s low”)
Your statement “bullish till it holds today’s low” defines a clear invalidity level. If price closes below today’s low, it suggests the second bottom failed—cut risk there.
5) Trade planning (illustrative, not advice)
Entry ideas:
(a) Aggressive: near current price with stop just below today’s low.
(b) Conservative: on a confirmed close above the neckline, or on a pullback/retest to the neckline that holds.
Stops: A few ticks below today’s low (aggressive) or below retest low (conservative).
Management: Scale partial at interim resistance; trail stop under higher lows / 20-EMA on the daily.
6) What would weaken the setup
Weak or declining volume on rallies, repeated rejections at the neckline, or a decisive daily close below today’s low/weekly support.
In short: Weekly support + daily double bottom + volume = constructive. Confirmation comes with a neckline break; invalidation is a close below today’s low.
Trailing Stops: Protect Profits & Ride the Trend with Discipline🔹 Intro / Overview
Managing a position after entry is just as important as identifying the entry itself.
Here, we are specifically discussing trailing stops using Fibonacci retracements .
A well-structured trailing stop helps traders:
✅ Lock in profits
🛡️ Reduce risk
📊 Stay objective in the face of market noise
This idea shows how trailing stops can be applied in a structured way to complement Fibonacci retracements and trend management.
📖 Concept
📍 A trailing stop is a dynamic stop-loss that adjusts as price moves in your favor.
🔄 Instead of staying fixed, it “trails” price at a chosen distance — capturing more upside while capping downside.
🧩 Traders often trail stops using swing lows/highs, moving averages, or volatility measures like ATR .
📊 Chart Explanation (Step-by-Step)
1️⃣ Entry Criteria
✅ Successive closes above 78.6% confirm the long entry.
2️⃣ Stop Loss (SL)
📉 Placed at the previous swing low for structure-based protection.
⏩ SL adjustments move forward only with trailing rules — never backward.
3️⃣ Trailing Levels
👉 SL always trails two levels below the current trail level if the candle closes above it.
📈 Trail 1: 123.60% → SL moves to 78.60%
📈 Trail 2: 150.00% → SL moves to 100.00%
📈 Trail 3: 178.60% → SL moves to 123.60%
📈 Trail 4: 200.00% → SL moves to 150.00%
📈 Trail 5: 223.60% → SL moves to 178.60%
📈 Trail 6: 250.00% → SL moves to 200.00%
📈 Trail 7: 278.60% → SL moves to 223.60%
📈 Trail 8: 300.00% → SL moves to 250.00%
4️⃣ Target Points
🎯 At Target 1 , book one lot to secure profits.
📊 Remaining positions can be trailed further with the next levels.
5️⃣ Projected Path
🔍 Dotted blue/red projections illustrate potential movement under this trailing system.
🔍 Observations
📌 Objective Entry : Requires successive closes above 78.6%, reducing false signals.
🎯 Partial Profit Booking : Taking one lot off at Target 1 ensures realized gains.
🔄 Two-Level Trailing : Locks in profits while leaving room for trend continuation.
📊 Rule-Based Framework : Clear Fibonacci-based progression keeps decisions mechanical and consistent.
✨ Why It Matters
✔ Prevents turning winning trades into losers.
✔ Builds confidence by removing emotions from exit decisions.
✔ Lets profits run while maintaining protection.
✅ Conclusion
Trailing stops are not about perfection — they’re about discipline .
By systematically adjusting stops as the market moves, traders:
🛡️ Protect capital
🚀 Let profits run
🤝 Remove emotions from decision-making
When combined with Fibonacci retracements , trailing stops provide a structured framework to manage trades effectively after entry.
⚠️ Disclaimer : For educational purposes only · Not SEBI registered · Not a buy/sell recommendation · No investment advice — purely a learning resource
Nifty AnalysisThis is Nifty Analysis for Wednesday 20th Aug 2025.
Nifty formed a bullish candle and moved up by 0.4% on Tuesday. Nifty is above short term EMAs in Daily timeframe, but is near immediate resistance and psychological level 25,000. Though short term Technicals indicate bullishness, wait for a pullback and enter trade. These 2 strategies may work best for Tuesday.
Trade Strategy 1: (Higher Probability)
Enter Long position (Call Option) after retracement confirmation around 61.8% of recent swing - around 24,860. Stoploss just below 24,800. Target 1 just below previous day high 25,000. This gives 1 is to 2 risk reward ratio. Target 2 is around 25100. This gives 1 is to 3.5 risk reward ratio.
Trade Strategy 2: (Lower Probability)
Enter Short position (Put Option) after bearish confirmation candles around 24,760 . Stoploss just above 24,810. Target 1 till Monday Gap Up filling around 24,670. This gives 1 is to 1.5 risk reward ratio.
Safe traders may consider Trailing Stoploss after 1 is to 1 risk reward ratio is achieved.
Note: This is for educational purposes only and not a trade recommendation. I am not SEBI registered. Kindly do your own research before doing any financial transaction.
Nifty AnalysisThis is Nifty Analysis for Tuesday 19th Aug 2025.
Nifty opened Gap Up and moved up by 1% on Monday due to the new events (GST, Rating Upgrade). Nifty formed a red candle but has higher high and higher Low formation. It is above short term EMAs in Daily timeframe.
These 2 strategies may work best for Tuesday.
Trade Strategy 1: (Higher Probability)
Enter Long position (Call Option) after retracement confirmation around 61.8% of recent swing - around 24,810. Stoploss just below last Tuesday Low 24,700.
Target 1 previous day high 25,020. This gives 1 is to 2 risk reward ratio. Target 2 around 25,100. This gives 1 is to 2.5 risk reward ratio.
Trade Strategy 2: (Lower Probability)
Enter Short position (Put Option) after bearish confirmation candles around 24,700 . Stoploss just above 24,750. Target 1 till Tuesday Gap Up filling around 24,500. This gives 1 is to 2.25 risk reward ratio.
Safe traders may consider Trailing Stoploss after 1 is to 1 risk reward ratio is achieved.
Note: This is for educational purposes only and not a trade recommendation. I am not SEBI registered. Kindly do your own research before doing any financial transaction.
Nifty 50 spot 24631.30 by Daily Chart view - Weekly updateNifty 50 spot 24631.30 by Daily Chart view - Weekly update
- Support Zone 23930 to 24200 for Nifty Index
- Resistance Zone 24450 to 24700 for Nifty Index
- Breakout from above one of the Tiny Falling Resistance Trendline seems well sustained
- Rising Support Channel seems back in supportive role and maintained by current status of Nifty Chart setup
- Nifty Index thou formed a Bearish Rounding Top, seems attempting to cross above Resistance Zone over past week, indicates hope for upside reversal
NIFTY Eyes Long on 25133- Bullish Breakout WatchTimeframe: 2-hour (H2)
Entry Zone: Around current breakout level of 24,619
Target: 25,133 – aligns with a prior reaction high and measured move projection from recent swing range.
Stop-Loss: 24,542 – just below the most recent higher low, protecting the setup if momentum fails.
Reasoning:
Price has been forming higher lows since August 7, indicating gradual strength building.
Moving averages have turned upward, confirming short-term trend change.
Previous sell-side liquidity zones have been cleared, reducing overhead resistance until the 25,133 area.
Volume profile shows a gap zone between 24,650 and 25,100, often filled quickly in trending conditions.
Risk Management:
This is a swing-style setup within an ongoing uptrend on the lower timeframe but still needs confirmation from follow-through buying.
Disclaimer:
This chart is for educational discussion only and does not constitute financial advice or a recommendation to trade. Markets carry risk, and decisions should be based on your own analysis and risk tolerance.
renderwithme | NIFTY-50 for the week of August 11–15, 2025The Nifty 50 index, a benchmark for the Indian stock market, is expected to exhibit cautious and potentially bearish behaviour for the week of August 11–15, 2025, based on recent market trends, technical analysis, and macroeconomic factors. Below is a detailed analysis for the upcoming week
# Current Market Context
Recent Performance: As of August 8, 2025, the Nifty 50 closed at 24,363.30, down 232.85 points (-0.95%), reflecting a bearish sentiment driven by foreign fund outflows and US-India tariff tensions. The index has been trading within a descending channel, characterised by lower highs and lower lows, indicating short-term weakness.
Technical Indicators:
Weekly Chart: A candle formed on the weekly chart, signalling market Bearish. Confirmation of this pattern could indicate further consolidation or a directional move.
Moving Averages: The Nifty is below its 21-day EMA, suggesting bearish momentum. The 5-day SMA and EMA are around 24,843.75 and 24,865.11, respectively, acting as resistance.
RSI and MACD: RSI is in the 35–40 range, indicating oversold conditions, which could signal a potential short-term bounce. MACD remains bearish, reflecting sustained selling pressure.
Pivot Levels: Key resistance is at 25,600–25,925, with immediate support at 23,250–23,400. A break below 23,200 could push the index toward its 200-day DMA (~23,900).
Market Sentiment: Sentiment is cautious due to:FII Outflows: Foreign Institutional Investors (FIIs) sold equities worth ₹4,997.19 crore on August 7, 2025, exerting downward pressure. Domestic Institutional Investors (DIIs) countered with ₹10,864.04 crore in buys, providing some support.
Global Cues: Mixed global market performance (e.g., NASDAQ down 2.24%, Dow Jones up 0.29% on August 4) and US tariff hikes on Indian imports are weighing on sentiment.
RBI Policy: The upcoming RBI policy decision could influence market direction, particularly if it addresses interest rates or liquidity measures.
Nifty 50 Forecast for Next Week (August 11–15, 2025)Based on available data, here’s the forecast for the week:Key Levels to WatchSupport Levels: 23,200, 23,500, (200-DMA). If A weekly candle break and close below 22,000 could accelerate selling toward 22,500.
Resistance Levels: 25,545–25,955. A sustained move above 25,900 could signal a potential reversal, with 26,000 as a critical psychological level.
Trend: Bearish with support at 24,200 critical. A positive global cue (e.g., GIFT Nifty up 0.36% on August 4) could support a modest recovery.
#Technical Outlook
- Bearish Scenario: If the Nifty fails to hold 23,200, it could slide toward 22,900 or lower, aligning with the 200-DMA. The inverse head-and-shoulders pattern on the weekly chart suggests a potential base at 22,900, but confirmation is pending.
- Bullish Scenario: A break above 24,600 could trigger a short-term rally toward 24,925–25,045. Sustaining above 25,000 may push the index toward 25,250, potentially signaling a trend reversal.
Indicators: Oversold RSI (35–40) suggests a possible bounce, but bearish MACD and selling volume indicate caution. Traders should monitor for a bullish crossover in MACD or RSI moving above 50 for confirmation of upward momentum.
Key Factors to WatchGlobal Markets: Movements in major indices like NASDAQ, Dow Jones, and FTSE will influence Nifty’s direction. Positive cues from GIFT Nifty (24,685 on August 4) could support a recovery.
FII/DII Activity: Continued FII selling could pressure the index, while DII buying may limit downside.
RBI Policy: Any dovish signals or liquidity measures could boost sentiment.
Sector Performance: Banking, IT, and energy sectors are critical. Stocks like SBI, Bharti Airtel, and Tata Motors may drive index movements.
Geopolitical and Tariff Issues: US-India trade tensions could cap upside potential.
Monitor volume and global cues for intraday trades.
Long-Term Investors:Current valuations near 23,200–23,400 are attractive for quality stocks. Accumulate fundamentally strong Nifty constituents (e.g., HDFC Bank, Reliance) on dips.
Use oversold conditions as an entry point for long-term portfolios, but diversify to mitigate volatility risks.
Critical PerspectiveWhile the sources provide detailed technical levels and predictions, they rely heavily on historical patterns and short-term indicators, which may not account for sudden macroeconomic shifts or black-swan events. The bearish bias is driven by FII outflows and tariff concerns, but DII support and potential RBI interventions could stabilize the market. Predictions like those from (e.g., Min: 22,200, Max: 26,240) show wide ranges, reflecting uncertainty and volatility. Investors should question overly precise forecasts and focus on broader trends, such as the index’s proximity to the 200-DMA and global market correlations.
ConclusionThe Nifty 50 is likely to remain range-bound between 23,900 and 24,925 next week, with a bearish bias unless it breaks above 24,600. Key supports at 24,200–24,000 and resistance at 24,600–25,045 will dictate short-term movements. Traders should stay cautious, monitor global cues, and prioritise risk management, while long-term investors may find opportunities in oversold conditions. Always verify critical information and consult a financial advisor before making decisions.
Chart for your Reference Only
~~ Disclaimer ~~
This analysis is based on recent technical data and market sentiment from web sources. It is for informational \ educational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
# Boost and comment will be highly appreciated.
Nifty 50 spot 24,363.30 by the Daily Chart view - Weekly updateNifty 50 spot 24,363.30 by the Daily Chart view - Weekly update
- Support Zone 23850 to 24100 for Nifty Index
- Resistance Zone 24450 to 24700 for Nifty Index earlier Support Zone
- Bearish Rounding pattern top for Nifty 50 Index from ATH 26277.35 to 24073.90 diff 2,203 points
- Nifty 50 Index took reversal from 21964.60 just tad above from expected low of 21870 by 2203 points
- Bearish Rounding Top has repeated from the recent high of 25669.35 to 24473 having a difference of 1196 points
- *Will the same downfall behavior happen and see history repeated for Nifty 50 Index going down till 23276 and then reverse upside*
- *Stock Markets Domestically and Globally, are bearing the brunt of adversely affecting and negatively playing Tariff Tantrum Trumpet*
NIFTY Intraday Trade Setup 06 Aug 2025NIFTY Intraday Trade Setup 06 Aug 2025
Buy-Above 24750
Invalid-Below 24700
T- 24950
Bearish- Below 24530
Invalid-Above 24580
T- 24335
NIFTY has closed on a bearish note with 0.3% cut today. It has made 2 consecutive inside candles in daily TF. 24500 zone will be a confluence zone, due to multiple supports taken earlier. Below 24400 index can escalate, and index may start an impulsive move. On flat opening above 24750 index may give a reversal move towards 25k. Below 24530 index will be simple short towards 24335 zone as per ABCD pattern. Plan on 15 Min candle closing.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Nifty Navigator - Trading Switch is off NSE:NIFTY (06 - August )
👉Stuck below 50EMA & above previous demand zone.
Too much silence out there for long traders,
Now Next Resistance is - 50 EMA zone as of now, uncertainty building up
Seems like the current pause is just a pullback in the correction leg, and it should hit the support zone and build a linear base before moving up.
👉PCR - 0.72
👉INDIAVIX - 11.71
Support: 24470,24170
Resistance:-24900,25250
⭐️Verdict: The views remain the same as last time, we need more action and hold our horses, otherwise, we may cripple it.
The Trading Switch is Off - As the MARKET SCORE is Now 3.
Nifty levels for next week (4th August 2025 onwards)Nifty is in a clear downtrend, important levels are marked on the chart.
A break below 24550 may bring the 24460 level and a break further may show the 24300 levels too on the chart. It may not be seen in a single day but can be visible in few trading sessions.
An up move is possible only above 24630 level that too if price sustains above this level else it may bring more selling from upper levels..
Let's see how it turns out..
Nifty 50 spot 24565.35 by the Daily Chart view - Weekly update*Nifty 50 spot 24565.35 by the Daily Chart view - Weekly update*
- Resistance Zone 24900 to 25100 of Nifty Index Level
- Support Zone 24450 to 24700 of Nifty Index level still seen sustained
- Bearish Rounding Bottom after ATH level seen repeated at current week closure
- Practical Bottom of *Bearish Rounding Bottom* from ATH 26277.35 came to 21,870.45 for Nifty index
- Practically Nifty 50 Index later took an upside reversal from 21964.60, which is a diff of just 94.15 points
- Practical Bottom of *Repeated Bearish Rounding Bottom* from recent high of 25669.35 on 30th June comes to 24473
- Should we anticipate the same behavior to see history repeat for Nifty to go down until 23276 and then take the reversal
Nifty July Iron Condor Strategy – Premiums are Still Attractive!Hello Traders!
After a strong April, May and June where all three our option writing strategies gave full profits, we are back again with the July edition. Market is respecting the range beautifully, and we are again going with a non-directional Iron Condor setup.
Let’s walk through the logic and setup, based on the recent chart and market behaviour.
Why This Strategy Now? (Based on Chart Analysis)
Resistance Zone: 25,667–26,267 (two-layer zone, minor and major resistance)
Support Zone: 24,240–24,892 (50-DEMA tested, strong support)
Nifty is hovering inside the range – no clear trend, perfect for sideways strategy
MACD has given bearish crossover – adds pressure on upside
Strategy Setup (Iron Condor – 31st July Monthly Expiry)
Sell 24900 PE (2 lots)
Buy 24500 PE (2 lots)
Sell 25500 CE (2 lots)
Buy 25800 CE (2 lots)
Payoff Graph for Strategy:
Why This Works (Logic + Technical View)
Strategy revolves around the 24,750–25,650 zone where Nifty is stuck
Support well aligned to 50-DEMA at 24,892 and 24,240 (intermediate support)
Volatility is neutral, data is range-bound – ideal environment for iron condor writers
No major events or newsflow – market likely to stay inside band
Risk Management & Exit Points
Exit if Nifty gives a clean breakout above 25,700 or breakdown below 24,250
If strategy gives 40–50% max profit early, consider booking
Always keep an eye on VIX and OI buildup for major trend shifts
Rahul's Tip
This strategy has worked beautifully for last 3 months. If you’ve been with me, you know how well Iron Condors can work when market ranges. So we ride the same logic again, until the breakout comes.
Once again – this is a low risk, range-bound iron condor setup with good risk-to-reward.
Have you ever tried a short iron condor on NIFTY? What was your experience? Drop your thoughts below!
If you liked this post, don’t forget to LIKE and FOLLOW!
Regular updates coming with chart tracking, P&L changes and smart exits.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
NIFTY Analysis – 31 july 2025 ,Morning update at 9 amExpected Market Behavior
Nifty may open gap down near 24757
May slip towards 24620 and then 24481
Around 24620, expect sideways or consolidation
If a Bearish Bottleneck Pattern forms near 24620 (5-min chart), then Nifty may fall further toward 24450 to 24500
If Nifty sustains above 24922, it may trigger short covering toward 24995 and possibly 25097
Support
24757
24620
24481
Resistance
24922
24995
25097
Tariff news increases volatility
Causes gap-down openings or weak recovery
Top Sectors Affected by U.S. Tariffs on India
1. Pharmaceuticals
India is one of the largest exporters of generic drugs to the U.S.
Impact: U.S. tariffs can reduce competitiveness and margins
Key Stocks Affected:
Sun Pharma
Cipla
Dr. Reddy’s Labs
Lupin
Aurobindo Pharma
2. Textiles & Apparel
A large chunk of India’s textile exports (clothing, home textiles) go to the U.S.
Impact: High price due to tariffs = loss to competitors like Bangladesh, Vietnam
Key Stocks Affected:
Welspun India
Arvind
Raymond
Vardhman Textiles
KPR Mill
3. 💻 Information Technology (IT) Services
Though services usually aren’t taxed directly like goods, indirect restrictions (like visa issues or regulatory controls) can affect business.
Impact: If IT services are restricted, contract flow from U.S. reduces
Key Stocks Affected:
TCS
Infosys
Wipro
HCL Tech
Tech Mahindra
4. Steel & Metal Exports
U.S. often imposes duties on Indian steel and aluminum for protectionism.
Impact: Steel exports drop, prices fall
Key Stocks Affected:
Tata Steel
JSW Steel
Jindal Steel & Power
5. Auto Components
India exports automotive parts to U.S. automakers.
Impact: Higher cost for U.S. buyers may reduce demand
Key Stocks Affected:
Motherson Sumi
Bharat Forge
Sundaram Fasteners
6. Chemical & Specialty Chemical
India is a big player in specialty chemicals, also impacted by tariff or import restrictions.
Key Stocks Affected:
SRF
PI Industries
Aarti Industries
Navin Fluorine
NIFTY Intraday Trade Setup For 30 Jul 2025NIFTY Intraday Trade Setup For 30 Jul 2025
Bullish-Above 24900
Invalid-Below 24850
T- 25100
Bearish-Below 24590
Invalid-Above 24640
T- 24290
NIFTY has closed on a positive note today. This does not mean that the short term trend has changed. Bullish sentiment confirmation will be when index closes above 50 EMA in daily TF and closes above PDH in daily TF. Tomorrow a bullish move can be expected above 24900 on a 15 Min candle close towards gap filling area. In case index closes below 24590 in 15 Min TF then index will head towards 24290.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.