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NIFTY KEY LEVELS FOR 24.10.2025NIFTY KEY LEVELS FOR 24.10.2025 Timeframe: 3 Minutes If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend. When a support or resistance level is broken, it often reverses its role; a broken resistance becomes the new support, and a broken support becomes the new resistance. If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways please like and share my idea if you find it helpful 📢 Disclaimer I am not a SEBI-registered financial adviser. The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. Please consult with your SEBI-registered financial advisor before making any trading or investment decisions. Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
NSE:NIFTY
by AATHIE
Nifty Trading Strategy for 24th October 2025📊 NIFTY Trading Setup for Today 🕒 Time Frame: 15-Minute Candle 🟩 Buy Setup 📈 Entry: Buy above the high of the 15-min candle if it closes above 26,043 🎯 Targets: Target 1️⃣ — 26,073 Target 2️⃣ — 26,103 Target 3️⃣ — 26,143 🛑 Stop Loss: Below the breakout candle’s low 🟥 Sell Setup 📉 Entry: Sell below the low of the 15-min candle if it closes below 25,800 🎯 Targets: Target 1️⃣ — 25,750 Target 2️⃣ — 25,700 Target 3️⃣ — 25,650 🛑 Stop Loss: Above the breakdown candle’s high ⚠️ Disclaimer: 💬 I am not a SEBI-registered analyst. The above analysis is for educational and informational purposes only. Please do your own research or consult a registered financial advisor before taking any trading decisions. 📚💡
NSE:NIFTY
by ramkkyy
#NIFTY Intraday Support and Resistance Levels - 24/10/2025Nifty is likely to open flat near the 25,850–25,880 zone, suggesting a neutral to cautious sentiment after recent volatility. The index is trading around a crucial support zone, and today’s session will be key in determining whether the market finds stability or continues its corrective move. If Nifty sustains above 25,900–25,950, we can expect a gradual recovery toward 26,050, 26,150, and 26,250+ levels. A breakout above 26,050 may bring renewed buying momentum, potentially leading to a short-term trend reversal. On the downside, immediate support lies near 25,750–25,700. A breakdown below this level could invite selling pressure, dragging the index toward 25,600 and 25,500 zones. Overall, a flat opening indicates indecision among traders after recent swings. It’s advisable to trade with confirmation near breakout or breakdown levels and use strict stop losses to manage intraday volatility effectively.
NSE:NIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(24/10/2025)Bank Nifty is likely to open flat near the 57,950–58,000 zone, indicating a balanced sentiment after recent volatility. The index is currently hovering around a key support area, and today’s price action will determine whether it finds strength for a rebound or continues its downward correction. If Bank Nifty sustains above 58,050–58,100, we may see a mild upside move toward 58,250, 58,350, and 58,450+ levels. Sustained momentum above 58,450 could trigger short covering and push the index higher toward 58,600+ levels. On the downside, immediate support lies near 57,950–57,900. A breakdown below 57,950 could lead to a deeper fall toward 57,750, 57,650, and 57,550–57,500 zones. Overall, a flat opening suggests a cautious start, with traders awaiting a clear breakout or breakdown from the current range. It’s advisable to wait for confirmation near key levels before initiating fresh positions and to maintain a strict stop loss to manage intraday volatility effectively.
NSE:BANKNIFTY
by TradZoo
Elliott Wave Analysis – XAUUSD (October 23, 2025) 1️⃣ Momentum D1 Timeframe: • The D1 momentum is now in the oversold zone, suggesting a potential bullish reversal at any moment. • Once we see a D1 candle close with a bullish confirmation, it could trigger 3–5 consecutive bullish days ahead. H4 Timeframe: • The H4 momentum is currently overbought, indicating a possible downward correction during today’s session. H1 Timeframe: • The H1 momentum is now turning upward, meaning price may rise slightly or move sideways in the short term. • Watch two key liquidity zones: 4098 and 4143. If H1 momentum reaches the overbought zone around these levels, it will align with the H4 bearish momentum, creating a strong resistance area. ________________________________________ 2️⃣ Wave Structure D1 Structure: • The D1 momentum is preparing to reverse, showing that the current decline is weakening. • A short-term recovery wave is likely to appear soon. • As discussed in yesterday’s plan, we must observe the upcoming bullish move to confirm whether the recent downtrend has completed. H4 Structure: • The H4 momentum is overbought, meaning a bearish reversal may happen soon. • Price movement is slow and overlapping, suggesting that the next decline could be either: o Wave 4 of Wave Y (blue), or o A larger corrective phase if momentum fully shifts downward. H1 Structure: • The current formation may be developing as a Flat or a Triangle correction. o If it’s a Flat, the 4143 level is a potential completion zone for Wave C (black), after which price could resume its decline. o If it’s a Triangle, the pattern is not yet complete — confirmation will come when price breaks below the lower boundary, offering a Sell opportunity. 🎯 Target zone if the decline unfolds: • Based on the H4 momentum cycle (typically lasting 4–5 candles), • And according to Fibonacci projection, Wave 5 of Wave Y (blue) targets around 3927. ________________________________________ 3️⃣ Trading Plan • The current H1 candle range is very wide (300–400 pips), while my typical stop-loss size is 100–150 pips. • This makes limit orders risky in the current environment. • Therefore, it’s better to wait for clear confirmation before entering trades, rather than placing early limit orders. 🔹 Sell Zones: • 4143 and 4190 – expected top areas of this correction. • Additionally, if price breaks above liquidity zones and then retests, these can serve as Sell entries aligned with the H4 downward momentum.
OANDA:XAUUSDShort
by WavePoint_FX
Gold Trading Strategy for 24th October 2025📊 TVC:GOLD (XAUUSD) INTRADAY TRADE SETUP 🟢 BUY SETUP: 🔹 Entry: Buy above the high of the 15-minute candle if it closes above $4166 🎯 Targets:  ➡️ T1: $4177  ➡️ T2: $4188  ➡️ T3: $4199 🛡️ Stop Loss: Below $4155 (or as per your risk tolerance) 🔴 SELL SETUP: 🔹 Entry: Sell below the low of the 1-hour candle if it closes below $4100 🎯 Targets:  ➡️ T1: $4088  ➡️ T2: $4077  ➡️ T3: $4066 🛡️ Stop Loss: Above $4112 (or as per your risk tolerance) ⚠️ Disclaimer: 📉 This analysis is for educational and informational purposes only — not financial advice. 📊 Always conduct your own analysis and manage risk carefully before taking any trade. 💰 Trading involves significant risk of loss, and past performance is not indicative of future results.
TVC:GOLD
by ramkkyy
Gold Analysis and Trading Strategy | October 23-24✅ 4-Hour Chart: Gold is currently in a consolidation and recovery phase after a sharp decline. If the price can stabilize above 4100 and break through 4173, it will further confirm the continuation of the short-term rebound. However, if it remains pressured below 4170, the rebound may end at any time. The price is trading above MA5 and MA10 but below MA20, showing short-term stabilization signs, while the overall structure remains in a medium-term correction phase. The moving average system shows MA5 turning upward, MA10 flattening, and MA20 and MA50 still trending downward, indicating a short-term rebound but a weak mid-term trend. If gold breaks above MA20 (around 4173), it may continue to recover higher; however, if it falls below 4100, there is still a risk of testing 4050 or even 4000 again. ✅ 1-Hour Chart: After rebounding from 4004, gold has been moving upward in a choppy pattern, currently trading between the Bollinger middle and upper bands, showing a mild short-term bullish momentum. The moving averages MA5, MA10, and MA20 have formed a golden cross, but they are still at a low level, indicating that the short-term rebound continues but remains limited in strength. If the price breaks above 4156 (Bollinger upper band), it may open further upside potential; however, a break below MA20 (around 4110) would signal the end of the rebound. 🔴 Resistance Levels: 4156 / 4173 / 4244 🟢 Support Levels: 4100 / 4080 / 4050 ✅ Trading Strategy Reference: 🔰If gold rebounds to the 4160–4170 zone and faces resistance, consider taking light short positions, with a stop loss above 4178 and targets at 4130–4110. 🔰If gold pulls back to the 4100–4110 zone and stabilizes, consider short-term long positions, targeting 4145–4160. ✅ Summary: Gold remains in a medium-term downtrend, and the current rebound is mainly a technical correction. In the short term, focus on the 4120–4170 consolidation range. As long as key support holds, avoid blindly shorting. Traders should stay flexible and adjust their strategies according to market rhythm.
OANDA:XAUUSD
by GoldTradingPro
Rolling VWAP Market Structure🟠 Rolling VWAP Market Structure This setup highlights how Rolling VWAP and its deviation bands reveal evolving market behavior through trend strength, volatility, and consolidation phases. ___________________________________________________________ 📊 Chart Explanation 1️⃣ Bearish Bias – Price remains below VWAP, bands expand downward, and VWAP acts as dynamic resistance. Indicates seller dominance and potential continuation to the downside. 2️⃣ Narrow Bands – VWAP flattens while bands contract, showing reduced volatility. The market is likely preparing for the next directional move — either breakout or breakdown. 3️⃣ Bullish Bias – Price holds above VWAP, bands expand upward, and VWAP acts as dynamic support. Reflects buyer strength and continuation potential. 4️⃣ Post-Drop Consolidation – Candle closes below Rolling VWAP, suggesting possible consolidation before the next move. Often a pause zone where trend bias is reassessed. ___________________________________________________________ ]📊 Summary: Rolling VWAP dynamically adapts to price and volume, offering real-time insights into trend bias, volatility compression, and market equilibrium. ___________________________________________________________ ⚠️ Disclaimer 📘 For educational purposes only. 🙅 Not SEBI registered. ❌ Not a buy/sell recommendation. 🧠 Purely a learning resource. 📊 Not Financial Advice.
NSE:NIFTYEducation
by MarketAlgoBot
Buy Pressure Building on GoldGold is displaying signs of buyer re-entry after a period of controlled downside movement. The recent liquidity sweep around the lower range indicates that short-term selling pressure has been largely absorbed, creating favorable conditions for a potential upward expansion. Market activity suggests renewed interest from institutional participants accumulating within the current price zone. The consolidation phase appears to be forming a base, signaling the possibility of a directional shift as liquidity gradually migrates upward. Increasing momentum on the lower end of the range reflects confidence returning to the market, setting the stage for a possible continuation toward higher valuation areas. The outlook remains constructive as long as current accumulation behavior sustains, with market sentiment leaning toward a recovery-driven advance in the near term.
TVC:GOLDLong
by XAU_EMPIRE
Laurus Labs (LAURUSLABS)Pattern: Flag Pattern Breakout Zone: Above ₹927 Structure: The stock is consolidating in a narrow flag after a strong impulsive rally. EMAs are positively aligned; price respecting 20 EMA. Momentum: RSI > 60 with MACD crossover supporting trend continuation. Plan: Buy Trigger: Close above ₹927 Stoploss: ATR-based (~₹900) Targets: ₹990 → ₹1,030 View: Momentum and EMAs supportive; fresh breakout could lead to trend continuation in Pharma sector.
NSE:LAURUSLABSLong
by Punit190
Dixon Technologies: Elliott Wave Chart ReadingDixon Technologies: CMP: 18006 ✨ Elliott Wave View: Dixon Technologies is currently exhibiting a classic Elliott Wave structure on the daily chart. The impulsive phase (waves 1, 2, 3, 4, 5) is well-formed, showing sustained upward momentum, followed by an a-b-c corrective sequence. Wave V Uptrend: The stock has completed its a-b-c correction and is now progressing into wave V, with bullish structure and higher price targets in focus. 🛑 Support & Resistance: Strong support is observed around ₹17,000–₹17,800, aligning with moving averages and prior pivots; resistance is projected near ₹20,000–₹21,000, the next major Elliott extension. 📌 Strategy (Entry & Targets) : Momentum Entry: If price breaks and sustains above ₹18,200, quick rally possible till ₹19,000–19,200. Stop Loss: ₹17,600 Avoid chasing now at ₹18,000 (overbought). Wait for dip toward ₹16,800–17,200 (good R:R)Prefer dips near ₹16,800–17,200 or breakout above ₹18,200. T1: ₹18,800–19,200 T2: ₹20,500–21,200 📌 Thanks a ton for checking out my idea! Hope it sparked some value for you. 🙏 Follow for more insights 👍 Boost if you found it helpful ✍️ Drop a comment with your thoughts below!
NSE:DIXON
by DrPrashantVerma
EUR/USD (Euro vs US Dollar) chart on the 2-hour timeframe...EUR/USD (Euro vs US Dollar) chart on the 2-hour timeframe, here’s a detailed breakdown of what my setup is showing and the likely target levels 👇 --- 🧭 Chart Overview: Current price: ≈ 1.1608 My using Ichimoku Cloud, trendlines, and measured move projections. The chart shows a breakout from a falling channel, with two marked target points above. --- 🎯 Target Points (as per my chart): 1. First Target (Short-term): Roughly around 1.1680 – 1.1700 This level aligns with the top of the Ichimoku Cloud and previous structure resistance. It’s my initial profit zone after confirmation of breakout continuation. 2. Second Target (Extended): Roughly around 1.1780 – 1.1800 This level is derived from the measured move (height of previous range projected upward). It represents the full bullish objective if momentum sustains. --- ⚙ Trading Logic (Example): Buy Entry: After breakout retest near 1.1600 – 1.1620 Target 1: 1.1680 – 1.1700 Target 2: 1.1780 – 1.1800 Stop Loss: Below 1.1550 (previous swing low / lower cloud boundary) --- 📊 Potential Gain: From 1.1600: Target 1: ≈ +80 pips Target 2: ≈ +180–200 pips
Long
by HussaiN_JaNi
5
XAGUSD (Silver/USD) 1-hour chart...XAGUSD (Silver/USD) 1-hour chart, here’s what I can observe and infer about potential target levels: --- 🔍 Chart Summary: My using Ichimoku Cloud and trendlines. Price is currently around $49.10. The chart shows two target points drawn: 1. First Target Point: Around $51.90 – $52.00 2. Second Target Point: Around $54.30 – $54.50 --- 🎯 Target Levels Based on the Chart: 1. First Target (Short-Term): Around $51.9 – $52.0 This coincides with resistance from the previous range and Ichimoku cloud top. Represents a possible initial take-profit zone if price breaks above current consolidation. 2. Second Target (Extended): Around $54.3 – $54.5 Aligns with the projected measured move from my trendline channel. This would be the larger bullish target if price sustains above the $52 breakout zone. --- 📈 Trading Idea (Hypothetical Example): Buy Zone: Above $49.5 – $49.8 (confirmation breakout) Target 1: $51.9 – $52.0 Target 2: $54.3 – $54.5 Stop Loss: Below $48.5 support (near Ichimoku base)
FX:XAGUSDLong
by HussaiN_JaNi
5
XAGUSD (Silver vs USD) on the 1-hour timeframeXAGUSD (Silver vs USD) on the 1-hour timeframe, here’s what can be inferred: The price has clearly broken below the ascending trendline. It also broke down through the Ichimoku cloud, confirming a bearish signal. There’s a sharp rejection candle followed by continuation below previous structure support (around $52.00–$51.80). My marked a “target point” on your chart — roughly near $47.50, which seems to be aligned with the next major support zone from earlier price action (likely a demand area or Fibonacci retracement level). 🧭 Technical Breakdown: Current Price: ~$51.81 Immediate Resistance: $52.30–$52.45 (bottom of the cloud) Support/Target: Short-term: $50.80 Medium-term: $49.50 Major target (as on your chart): $47.50 🎯 Expected Target: If bearish momentum continues and the price stays below the $52.00 resistance, your target of $47.50 looks reasonable as a swing target.
FX:XAGUSDShort
by HussaiN_JaNi
4
Consolidation Zone after 1100 point Move @NIFTY 50Recent Market Context - Nifty rallied over 1,100 points from 25,068, showing strong bullish momentum. - Each session saw gap-ups, mild profit booking, and closes near day highs. - On Muhurat Trading Day (Tuesday), the market opened gap-up but closed below opening, hinting at short-term exhaustion. What Happened Today - The market opened ~180 points higher on positive news around Trump tariff policy. - Tried holding above 26,050 in the first half but faced heavy selling later. - Fell nearly 230 points from the day’s high, finally closing flat near 25,900. Tomorrow’s Outlook - After a strong sell-off, traders seem to be in a profit-booking phase. - OI buildup at 26,000 calls signals strong resistance; support near 25,700. - The market is likely to stay range-bound between 25,700 and 26,000 with 300-point volatility if no major news emerges. Option Selling View - Holding 25,800 & 25,900 straddles with ~230 total premium. - Expecting time decay to work as long as price stays within range. - Ideal setup for a neutral to mildly volatile market. Key Zones - Resistance: 26,104 / 25,888 - Support: 25,803 / 25,698
NSE:NIFTY
by Chethan333
NAUKRI - Demand & Supply🎯 INFO EDGE INDIA LTD (NSE: NAUKRI) Sector: Internet & IT Services | CMP: ₹1,384.00 | View: Range-Bound Near Supply ________________________________________ 🟥 Possible Supply Zone Zone: ₹1,380.60 – ₹1,391.50 Price is consolidating within this resistance pocket. Sellers may defend this area, making it a critical short-term barrier. A decisive breakout above ₹1,391.50 can unlock momentum toward ₹1,406 – ₹1,433. ________________________________________ 🟩 Possible Demand Zone Zone: ₹1,334.80 – ₹1,322.40 Strong accumulation zone where buyers previously took control. Likely to act as a defensive base in case of a pullback. Re-entry by buyers expected near this zone if tested again. ________________________________________ 🔹 Key Levels Resistance: 1406.73 / 1433.67 / 1475.83 Support: 1337.63 / 1295.47 / 1268.53 💡 STWP View (Educational Insight) NAUKRI is currently resting near supply after a sharp rally. Sustaining above ₹1,391.50 → likely continuation toward ₹1,406 – ₹1,433. Pullback toward ₹1,334–₹1,322 → potential re-entry zone for fresh accumulation. Breakdown below ₹1,322 → may weaken short-term structure and invite deeper correction. 🔍 Final Outlook Momentum: Strong |Trend: Bullish |Risk: High| Volume: High ─────────────────────────────────────────────── ⚠️ **DISCLOSURE & DISCLAIMER (SEBI-Compliant)** ─────────────────────────────────────────────── 📘 **Purpose:** This content is created **solely for educational and informational purposes** to help readers understand market structure, price action, and technical analysis. It does **not constitute investment advice**, research recommendation, or a solicitation to buy or sell any security. 👤 **Author Disclosure:** The author is **not a SEBI-registered investment adviser or research analyst.** All chart studies, price levels, and observations are based on publicly available data (e.g., **NSE India**, **TradingView**) and are presented purely for **learning illustration**. 📊 **Position Status:** No active position in * * at the time of publication. “The author may sometimes trade in the securities discussed, but such trades are independent and shared here only for educational understanding.” ⚠️ **Risk Disclosure:** Trading and investing involve financial risk. Market movements can be unpredictable, and losses may exceed invested capital. Readers are strongly advised to consult a **SEBI-registered investment adviser** before making any trading or investment decisions. 🧠 **Responsibility Clause:** By engaging with this post, you acknowledge that you are **solely responsible for your own trading or investment decisions**, and that this content is intended only for **market education and awareness**. ─────────────────────────────────────────────── 💬 **Did You Find This Useful?** If this analysis helped you understand price structure or market psychology better: 🔼 **Boost** to support transparent & structured financial education. ✍️ **Comment** your insights, observations, or questions — let’s learn together. 🔁 **Share** this post with learners and aspiring traders who value discipline. 📚 **Follow stwp** for more structured, educational breakdowns on stocks & setups. 🚀 *Stay Calm. Stay Clean. Trade With Patience.* 💡 *Trade Smart | Learn Zones | Be Self-Reliant.* ───────────────────────────────────────────────
NSE:NAUKRILong
by simpletradewithpatience
Sensex Structure Analysis & Trade Plan: 24th October 4-Hour Chart (Macro Trend) Structure: The Sensex is in an Aggressive Bullish Momentum phase, trading within a steep ascending channel. The price hit a new high but formed a large upper wick and closed significantly off the high, indicating aggressive profit booking at the 85,000 - 85,300 resistance area. The current price is testing the lower trendline of the ascending channel. Key Levels: Major Supply (Resistance): 85,300 - 86,000. This area is the critical supply zone, encompassing the recent high and the all-time high of 85,978. Major Demand (Support): 83,900 - 84,200. This area aligns with the lower trendline of the ascending channel and a Fair Value Gap (FVG), making it the must-hold zone for the short-term rally. Outlook: The bias is Cautiously Bullish. The short-term structure is positive, but the sharp intraday rejection suggests consolidation or a retest of support is likely before a fresh breakout. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a rejection after the market traded to new 52-week highs. The price has broken the immediate support and closed right on the boundary of the FVG . This FVG and the lower channel line are crucial for tomorrow's open. Key Levels: Immediate Resistance: 85,000 (Psychological mark and immediate swing high). Immediate Support: 84,000 - 84,200 (Lower channel support and FVG area). 15-Minute Chart (Intraday View) Structure: The 15M chart confirms the sharp selling pressure from the day's high, resulting in a descending correction that is testing the lower end of the intraday consolidation. The market closed with a small red candle, confirming intraday bearish control. Key Levels: Intraday Supply: 84,800 (Recent swing high). Intraday Demand: 84,000 - 84,200. Outlook: Neutral-to-Bearish for the session open, favoring trading the range. 📈 Structure Analysis & Trade Plan: 24th October Market Outlook: Sensex is undergoing a healthy profit-booking after hitting the 85,290 high. The rally is strong, but caution is warranted due to the sharp rejection. The primary strategy will be to buy the dip at major support or short the failure at intraday resistance. Bullish Scenario (Primary Plan: Buy the Dip) Justification: The multi-day macro trend is intact, and the 83,900 - 84,200 zone is a high-probability demand area that should attract buyers. Entry: Long entry on a bounce and reversal from the 83,900 - 84,200 zone (Lower channel trendline/FVG support). Stop Loss (SL): Place a stop loss below 83,600 (below the previous consolidation low). Targets: T1: 85,000 (Psychological mark). T2: 85,300 (Retest of today's high/ATH zone). Bearish Scenario (Correction/Sell on Rise) Justification: The sharp rejection from the high indicates sellers are active and will defend the upper channel. Trigger: Short entry if the market rejects the 84,800 - 85,000 level OR Short on a decisive break and 1-hour close below 83,900. Stop Loss (SL): Above 85,300 (above the intraday high/ATH zone). Targets: T1: 83,600 (Major FVG support). T2: 83,000 (Psychological support). Key Levels for Observation: Immediate Decision Point: 83,900 - 84,800 zone. Bullish Confirmation: Sustained trade above 85,000. Bearish Warning: A move below 83,900. Line in the Sand: 83,600. A break below this level shifts the short-term bias to corrective.
BSE:SENSEXLong
by BhardwajVipin
Banknifty Structure Analysis & Trade Plan: 24th October4-Hour Chart (Macro Trend) Structure: The Bank Nifty is in an Aggressive Bullish Momentum phase. The index hit a new All-Time High (ATH) of 58,577.50 before the close, creating a large upper wick and confirming strong selling/profit-booking at the peak. The price has breached the lower trendline of the steep ascending channel and closed below the 9-period EMA. Key Levels: Major Supply (Resistance): 58,577 - 58,700 (All-Time High Zone). This area will be fiercely defended by sellers. Major Demand (Support): 57,800 - 58,000. This area, which includes the lower channel trendline and a recent Fair Value Gap (FVG), is the must-hold zone to prevent a larger correction. Outlook: The bias is Cautiously Bullish. The structure is highly positive, but the sharp intraday selling suggests a pause or a deeper retest of support is likely before the next breakout. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a clear Break of Structure (MSS) to the downside in the immediate term, marked by the break of the swing low (implied by the dashed line) and the sharp drop from the ATH. The price is now trading right on the support of the 57,800 - 58,000 zone. Key Levels: Immediate Resistance: 58,400 (Recent swing high). Immediate Support: 57,800 (The FVG and strong horizontal support). 15-Minute Chart (Intraday View) Structure: The 15M chart shows a clean descending channel formation from the ATH, confirming intraday bearish control. The market closed right at the lower end of the channel, indicating bears are currently in charge. Key Levels: Intraday Supply: 58,200 (Upper trendline of the descending channel). Intraday Demand: 57,800. Outlook: Neutral-to-Bearish for the session open, favoring trading the range. 📈 Structure Analysis & Trade Plan: 24th October Market Outlook: Bank Nifty is consolidating after hitting a new ATH. The strong selling pressure requires a cautious approach. The strategy is to trade the tight range around 57,800 to 58,400. Bullish Scenario (Buy the Dip/Breakout) Justification: The multi-day rally and strong momentum of the banking sector remain intact (outperforming Nifty). Entry: Long entry on a decisive break and 15-minute candle close above 58,200 (breaking the descending channel/FVG) OR Long on a bounce and reversal from the 57,600 - 57,800 zone (Major support/Buyer's OB). Stop Loss (SL): Place a stop loss below 57,500 (below the recent consolidation low). Targets: T1: 58,577 (New ATH retest). T2: 59,000 (Psychological extension target). Bearish Scenario (Primary Plan: Sell on Breakdown) Justification: The sharp rejection from the ATH suggests the peak may hold, leading to a deeper correction. Trigger: A decisive break and 1-hour close below 57,800. Entry: Short entry below 57,800. Stop Loss (SL): Above 58,100. Targets: T1: 57,400 (Previous breakout high/FVG). T2: 57,000 (Psychological support/Major FVG). Key Levels for Observation: Immediate Decision Point: 57,800 - 58,200 zone. Bullish Confirmation: Sustained trade above 58,200. Bearish Warning: A move below 57,800. Line in the Sand: 57,500. A break below this level shifts the short-term bias to corrective.
NSE:BANKNIFTYLong
by BhardwajVipin
Nifty Structure Analysis & Trade Plan: 24th October 4-Hour Chart (Macro Trend) Structure: The Nifty is in an Aggressive Bullish Momentum phase, trading within a steep ascending channel. The rally is strong, but the long upper wick on the recent 4H candle and the close far below the day's high (26,104.20) signal aggressive profit booking near the psychological 26,000 resistance area. Key Levels: Major Supply (Resistance): 26,100 - 26,300. This area is the key psychological and all-time high zone (ATH is 26,277.35). Major Demand (Support): 25,600 - 25,700. This area aligns with the lower trendline of the ascending channel and is the must-hold zone for the continuation of the rally. Outlook: The bias is Cautiously Bullish. The short-term structure is still positive, but the sharp intraday selling indicates a pause or consolidation is needed before a fresh breakout attempt. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a clear rejection after the market traded to new 52-week highs. The index closed near the lower trendline of the ascending channel. The price has currently formed a FVG (Fair Value Gap) below the closing price, which may serve as a magnet for a morning correction. Key Levels: Immediate Resistance: 26,100 (Intraday high/point of rejection). Immediate Support: 25,800 (Recent swing low/channel support). 15-Minute Chart (Intraday View) Structure: The 15M chart confirms a Market Structure Shift (MSS) to the downside in the last hour of trading, with lower highs and lower lows forming from the day's peak. The market closed below the 9-period EMA, confirming intraday bearish control. Key Levels: Intraday Supply: 25,950. Intraday Demand: 25,800. Outlook: Bearish for the session open, favoring a "Sell on Rise" strategy into the consolidation area. 📈 Structure Analysis & Trade Plan: 24th October Market Outlook: Nifty is undergoing a healthy profit-booking session after hitting the 26,100 resistance. The primary strategy will be to buy the dip at major support or short the failure at intraday resistance. Bullish Scenario (Primary Plan: Buy the Dip) Justification: The multi-day macro trend is intact, driven by FII inflows and positive trade deal talks. Dips should be seen as buying opportunities. Entry: Long entry on a bounce and reversal from the 25,750 - 25,800 zone (Lower channel trendline). Stop Loss (SL): Place a stop loss below 25,650 (below the main channel support). Targets: T1: 26,100 (Retest of today's high). T2: 26,277 (All-Time High). Bearish Scenario (Correction/Sell on Rise) Justification: The sharp rejection from the intraday high indicates bears are active and will defend the 26,000 area. Entry: Short entry on a decisive break and 15-minute candle close below 25,800 OR Short a retest and rejection of the 25,950 level. Stop Loss (SL): Above 26,100 (above the intraday high). Targets: T1: 25,650 (Major FVG support/Lower channel). T2: 25,500 (Major demand zone). Key Levels for Observation: Immediate Decision Point: 25,800 - 25,950 zone. Bullish Confirmation: Sustained trade above 26,000. Bearish Warning: A move below 25,800. Line in the Sand: 25,600. A break below this level shifts the short-term bias to corrective.
NSE:NIFTYLong
by BhardwajVipin