Nifty next plan for 24sep I would like to see the nifty to go again down to take liquidity from 25050. Then if price shows bullish sign then only i will plan bullish trade till then again nifty have same plan to short to target 25050.
Trade ideas
Nifty: Sellers were heavy today. Volatality rising Yesterday we analyzed that NSE:NIFTY would turn bullish only if it opened above the pivot. Since it couldn’t, the index stayed bearish.
Support was at 25200, but the index couldn’t close above it.
So the calculation from here is simple:
1. If 25150 breaks, the index can drop to 25025.
2. If 25225 is crossed and sustained, then the move can extend up to 25400.
The one big negative today is that sellers’ volume was 50 million higher than buyers. For an index options trader, this is the most important piece of data.
That’s why my strategy for tomorrow will be Sell-on-Rise. I’ll short if the index gets rejected from resistance.
As for the equity segment, I’m noticing that relative strength is falling in many stocks on my watchlist. So I won’t be opening any fresh positions for now.
Industries with the highest turnover right now are Auto Parts and Pharma – intraday opportunities can be looked for in these tomorrow.
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📊 Levels at a glance:
Support 1: 25150
Support 2: 25025
Resistance 1: 25225 (sustaining above = bullish)
Resistance 2: 25400 (upside target)
Bias: Sell-on-Rise, cautious bullish only above 25225
Sectors to watch: Auto Parts, NSE:CNXPHARMA
Nifty Structure Analysis & Trade Plan: 24th September
The market sentiment has shifted from strongly bullish to cautiously bearish in the short term. The Nifty closed at 25,185.80, down 0.07% on the day, after hitting a low of 25,084.65.
Detailed Market Structure Breakdown
4-Hour Chart (Macro Trend)
Structure: The long-term trend remains bullish, but the index has now broken below its short-term rising channel, which is a significant sign of weakness. The last few candles show strong selling pressure, and the price is hovering right above a crucial demand zone.
Key Levels:
Major Supply (Resistance): 25,300 - 25,400. This area served as support on the way up and is now a major resistance. Any bounce is likely to be met with selling pressure in this zone.
Major Demand (Support): The most critical support is the 25,050 - 25,100 zone. This area, which includes a prior breakout level and a FVG (Fair Value Gap), is now the key "line in the sand" for the long-term bullish trend. A break below this would signal a major trend reversal.
1-Hour Chart (Intermediate View)
Structure: The 1H chart shows a clear MSS (Market Structure Shift) to the downside. The price has broken below multiple key supports and is now making lower highs and lower lows. The market is in a clear downtrend on this timeframe.
Key Levels:
Immediate Resistance: The 25,250 level is a crucial resistance now.
Immediate Support: The 25,100 level is the key support to watch. The price has already tested this zone.
15-Minute Chart (Intraday View)
Structure: The 15M chart shows that the index is in a corrective phase, having bounced off the crucial 25,100 support. However, it is now trading below the blue EMA, which acts as resistance. The price is currently consolidating between 25,150 and 25,200.
Key Levels:
Intraday Supply: The 25,200 area, which is the high of the recent consolidation.
Intraday Demand: The low of the recent consolidation and the intraday low, near 25,100.
Outlook: The intraday bias is cautiously bearish. The market is likely to remain volatile as it decides its next move.
Trade Plan (Tuesday, 24th September)
Market Outlook: The Nifty has shifted to a short-term bearish phase. A "sell on rise" strategy seems more favorable, but a strong reversal from the key 25,100 support level is also a possibility.
Bearish Scenario (Primary Plan)
Justification: The market has shown a clear change in structure with a breakdown of key levels. The path of least resistance is to the downside.
Entry: Look for a short entry if the price retests the 25,250 level and shows signs of rejection. Alternatively, a breakdown and 15-minute close below 25,100 would trigger a short entry.
Stop Loss (SL): Place a stop loss above 25,300.
Targets:
T1: 25,050 (Next major support).
T2: 24,950 (Psychological level and demand zone).
Bullish Scenario (Counter-Trend Plan)
Justification: This is a counter-trend plan and should be approached with caution. It is based on the possibility of a strong bounce from a key support level.
Trigger: A strong bullish reversal candle (e.g., a hammer or engulfing pattern) near the 25,050 - 25,100 demand zone.
Entry: Long entry on a confirmed bounce from the demand zone.
Stop Loss (SL): Below 25,000.
Targets:
T1: 25,200 (Intraday resistance).
T2: 25,300 (Recent swing high).
Key Levels for Observation:
Immediate Decision Point: The 25,100 - 25,200 zone.
Bearish Confirmation: A break and sustained move below 25,100.
Bullish Confirmation: A recapture of the 25,250 level.
Line in the Sand: The 25,050 - 25,100 zone. The overall bullish trend is in jeopardy if this level is decisively broken.
Nifty Intraday Analysis for 23rd September 2025NSE:NIFTY
Index has resistance near 25350 – 25400 range and if index crosses and sustains above this level then may reach near 25550 – 25600 range.
Nifty has immediate support near 25025 – 24975 range and if this support is broken then index may tank near 24825 – 24775 range.
NIFTY 50 TODAYASs per my previous post now we are inside the ascending channel and looking like consolidation near lower trend line of the channel,but you should not be more bullish because nifty is forming EXPANDING TRIANGLE so be carefull at near TOP EDGE of the TRIANGLE which is ploted inside the gann fan in white colour.if channel is broken there is a RED inclined line which wil work as support if broken then nifty continue falling this is just for information not buy/sell call.
Intraday Trading vs Swing Trading1. Introduction
The stock market is a dynamic ecosystem, attracting participants ranging from long-term investors to high-frequency traders. Among traders, Intraday and Swing Trading are common approaches, each with its unique characteristics:
Intraday Trading involves buying and selling financial instruments within the same trading day. Positions are not held overnight.
Swing Trading focuses on capturing short- to medium-term price movements, usually over several days to weeks.
Understanding the differences between these two methods is crucial because the strategies, risks, and potential rewards vary significantly. While one can offer quick profits, the other may provide more strategic opportunities with less stress.
2. Core Definitions
2.1 Intraday Trading
Intraday trading, also known as day trading, is the practice of executing multiple trades in a single day. The main objective is to profit from short-term price movements. Key features include:
Timeframe: Trades are opened and closed within the same day.
Frequency: High, often multiple trades per day.
Capital Utilization: Requires margin trading for higher leverage.
Risk Level: High, due to volatility and leverage.
Example: Buying 100 shares of a stock in the morning and selling them at a profit before the market closes.
2.2 Swing Trading
Swing trading is a style where traders aim to capture price swings over a short- to medium-term period. These swings can last from a few days to several weeks. Key features include:
Timeframe: Positions held from days to weeks.
Frequency: Lower than intraday trading, usually a few trades per week or month.
Capital Utilization: Less leverage is required; often uses actual capital.
Risk Level: Moderate, as overnight risks are present but smaller leverage reduces extreme losses.
Example: Buying a stock anticipating a 10% upward move over a week and selling it once the target is achieved.
3. Time Horizon and Trading Frequency
3.1 Time Horizon
Intraday Trading: Trades last minutes to hours. Traders focus on intra-day price movements and volatility.
Swing Trading: Trades last days to weeks. Traders focus on medium-term trends and market sentiment.
3.2 Trading Frequency
Intraday: Requires constant monitoring. Traders often execute 5–20 trades per day, depending on the strategy.
Swing: Requires less frequent monitoring. A trader might execute 2–5 trades per week or month, depending on market conditions.
Implication:
Time horizon affects risk exposure. Intraday traders avoid overnight risk but face rapid intraday volatility. Swing traders face overnight or weekend risk but can capitalize on larger moves.
4. Risk and Reward Profile
4.1 Intraday Trading Risk
High leverage amplifies both profits and losses.
Rapid price swings can lead to margin calls.
Emotional stress is significant due to fast decision-making.
Stop-losses are critical for risk management.
4.2 Swing Trading Risk
Exposure to overnight market gaps can cause unexpected losses.
Moderate leverage reduces extreme risk.
Slower pace allows for analytical decision-making.
4.3 Reward Potential
Intraday: Quick profits, but often smaller per trade. Requires high win rate.
Swing: Potentially larger profits per trade due to capturing entire price swings.
5. Capital and Leverage Requirements
5.1 Intraday Trading
Often uses leverage (margin trading) to maximize returns on small price movements.
Requires a significant understanding of risk management.
Minimum capital depends on exchange regulations; in India, traders can use 4–5x leverage in equities.
5.2 Swing Trading
Typically uses actual capital rather than heavy leverage.
Focuses on trend analysis and larger price movements.
Lower risk of forced liquidation compared to intraday trading.
6. Analytical Approach
6.1 Intraday Trading Analysis
Technical Analysis: Dominates decision-making, including:
Candlestick patterns
Moving averages
Momentum indicators (RSI, MACD)
Volume analysis
Market Sentiment: News and events can trigger short-term volatility.
Price Action: Key for identifying entry and exit points within the day.
6.2 Swing Trading Analysis
Technical Analysis: Similar tools but applied over daily or weekly charts.
Fundamental Analysis: May include earnings reports, economic data, or sectoral trends.
Trend Analysis: Swing traders identify upward or downward trends and ride the market momentum.
7. Strategies Used
7.1 Intraday Strategies
Scalping: Captures small price movements multiple times a day.
Momentum Trading: Follows strong trends driven by news or technical patterns.
Breakout Trading: Trades executed when price breaks key support/resistance levels.
Reversal Trading: Bets on short-term reversals at key levels.
7.2 Swing Trading Strategies
Trend Following: Enter trades in the direction of established trends.
Pullback/ Retracement Trading: Buy dips in an uptrend or sell rallies in a downtrend.
Breakout Trading: Focus on longer-term breakouts over days or weeks.
Fundamental Swing Trading: Use earnings, economic data, or corporate news to predict swings.
8. Tools and Technology
8.1 Intraday Tools
Real-time charts and data feeds.
Advanced order types like bracket orders, stop-loss, and take-profit.
Trading platforms with low latency execution.
News scanners and alerts for rapid decision-making.
8.2 Swing Trading Tools
Daily or weekly charts.
Technical indicators suitable for medium-term trends.
Fundamental analysis tools like financial reports, earnings calendars.
Trading journals for recording trades over days or weeks.
9. Psychological Considerations
9.1 Intraday Trading Psychology
High stress due to rapid decision-making.
Emotional discipline is critical; fear and greed can destroy profits.
Traders must avoid overtrading.
Instant gratification can be both a motivator and a trap.
9.2 Swing Trading Psychology
Patience is critical; trades take days or weeks.
Less stress than intraday trading but requires confidence in analysis.
Traders can better analyze positions and avoid impulsive trades.
Sleep-friendly approach as monitoring is less frequent.
10. Pros and Cons
10.1 Intraday Trading Pros
Quick profit potential.
No overnight risk.
High learning curve sharpens trading skills.
Can operate with smaller capital using leverage.
10.2 Intraday Trading Cons
High stress and emotional burden.
Requires constant market monitoring.
Small profits per trade need high consistency.
High transaction costs (brokerage, taxes) due to frequent trades.
10.3 Swing Trading Pros
Captures larger market moves.
Less stress compared to intraday trading.
Lower transaction costs.
Allows integration of both technical and fundamental analysis.
10.4 Swing Trading Cons
Exposure to overnight and weekend risks.
Slower profit realization.
Requires patience and discipline.
Market reversals can result in losses if trends fail.
Conclusion
Both intraday trading and swing trading are legitimate trading methods with unique advantages and challenges. Intraday trading offers rapid profits but demands constant attention, emotional control, and technical expertise. Swing trading offers more strategic opportunities with lower stress but exposes traders to overnight market risks.
The decision to pursue either depends on your risk tolerance, capital, personality, and time availability. Mastery of technical and fundamental analysis, risk management, and trading psychology is critical for success in either approach. By understanding these differences and aligning them with your personal trading style, you can develop a disciplined, profitable trading strategy.
Double bearish pattern in Nifty50Originally, a gartley pattern was completed, and it gives lower targets till 25280, 25155, 25025.
While the targets are validating, it has given another bearish confirmation pattern of Head & Shoulder, which gives further lower targets, as mentioned in the video itself. Lower targets are 24850, 24760 levels.
Concepts of Gap & Go and Gap & crapNifty Opened Gap down on Monday. How to take the trades in such cases explained in this video
Nifty - Expiry Day Analysis Sep 23Price faced resistance around the 25300 - 25320 zone and fall down. Next nearby support is seen at 25080 as per the one-hour chart.
In the lower time frame, the price is moving inside a descending channel.
Buy above 25240 with the stop loss of 25200 for the targets 25280, 25320, 25360, 25420, and 25480.
Sell below 25160 with the stop loss of 25200 for the targets 25120, 25080, 25040, 25000, and 24950.
Expected expiry day analysis is 25050 to 25400.
Always do your analysis before taking any trade.
Nifty key levels for 23.09.2025NIFTY KEY LEVELS FOR 23.09.2025
RTF: 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
The idea is for educational purpose only..
NIFTY Analysis 23 SEPTEMBER, 2025 ,Daily Morning update at 9 amOption Trading Strategy
Scenario A: Bullish (Above 25199)
Trade: Buy ATM or slightly OTM Call Option ( 25200 CE or 25250 CE)
Target: 25274 25324
Stop Loss Exit if Nifty slips below 25155
If IV (Implied Volatility) is high, use Bull Call Spread (Buy 25200 CE and Sell 25300 CE)
Scenario B: Bearish (Below 25175 and forms bearish bn patternn)
Trade: Buy ATM or slightly OTM Put Option ( 25150 PE or 25100 PE)
Target: 25103 ,25065
Stop Loss Exit if Nifty crosses above 25199
Alternative Use Bear Put Spread (Buy 25150 PE and Sell 25050 PE)
Scenario C Sideways/Flat Opening
Avoid naked trades
Sell Straddle or Strangle (Sell 25200 CE and 25200 PE) if you expect low movement
Keep strict stop loss because breakout can hurt
NIFTY Analysis 23 SEPTEMBER, 2025 ,Daily Morning update at 9 amSupport 25155 25069 24985
Resistance 25274 25324 25385
If Nifty holds 25155 and moves above 25199, consider buying
Target: 25274
Stop loss: just below 25155
If Nifty fails to sustain above 25175 and forms a BN pattern on chart, consider selling
Target 25103 then 25065
Stop loss just above 25175
Trade only near support and resistance levels
Watch price action on 5-minute and 15minute charts
gift for you. If Nifty holds above 25199 Buy Calls
If Nifty breaks below 25175 Buy Puts
If Nifty stays between 25155–25199 Avoid or Sell Options with hedging
Nifty Expiry day analysis Nifty Analysis. To day is expiry so wait for the resistance or support zone to break then look for a trade. Do not look for trades in between zones. Look for PE trades, sell on rise as market is is in downtrend. Within the zone it can go up and down few times to hit both sides SL then can give clear trend moves. After 2.30 whatever the movement may be look for opposite trend moves, they will be fast, you need to book your profits as per your plan. Do not stay in any trade after 2.30 for more than 10 minutes. Preserving the capital should be your priority everyday.
Nifty Trading Strategy for 23rd September 2025📈 Nifty Intraday Trading Plan (15-Min Candle Strategy)
🔵 Methodology Used
This plan is based on the 15-minute candlestick close strategy. Trades are considered only when the price closes above/below the key levels mentioned, not just touches them. This helps filter out false breakouts.
🔼 Buy Side Setup
📍 Entry Trigger: Enter long positions only if Nifty closes above 25320 on a 15-min candle.
🎯 Targets (Upside Levels):
✅ First Target: 25350 (quick scalp)
✅ Second Target: 25385 (momentum continuation)
✅ Final Target: 25420 (extended move)
🔒 Stop Loss (SL): Place SL just below the breakout candle low or near 25280 depending on risk appetite.
🔽 Sell Side Setup
📍 Entry Trigger: Enter short positions only if Nifty closes below 25150 on a 15-min candle.
🎯 Targets (Downside Levels):
✅ First Target: 25110 (initial drop)
✅ Second Target: 25080 (continuation support)
✅ Final Target: 25045 (extended fall)
🔒 Stop Loss (SL): Place SL just above the breakdown candle high or near 25190 depending on risk appetite.
⚠️ Important Notes for Traders
⏱ Always wait for 15-min candle close confirmation; avoid pre-emptive trades.
📊 Follow risk management: do not risk more than 1–2% of your capital in a single trade.
🛑 Always keep a stop-loss; do not trade without protection.
💹 Markets are volatile — levels may act as support/resistance, adjust accordingly.
📢 Disclaimer
I am not a SEBI-registered advisor. The above analysis is prepared strictly for educational and informational purposes only. This is not financial or investment advice, nor is it a buy/sell recommendation.
Trading and investing in stock markets involve significant risk of capital loss. You are solely responsible for your trading decisions. Please do your own research (DYOR) or consult with a SEBI-registered financial advisor before acting on any information shared here.
#NIFTY Intraday Support and Resistance Levels - 23/09/2025For Nifty, a flat opening is expected near the 25,200 zone. On the upside, sustaining above 25,250–25,300 can trigger a bullish move toward 25,350, 25,400, and 25,450+. A breakout above 25,500 will further strengthen the trend, opening the path toward 25,650–25,750+.
On the downside, immediate support lies at 25,200–25,150. A break below this may invite selling pressure, dragging the index toward 25,100, 25,050, and 25,000-. If weakness extends further, strong support exists around 24,950–25,000.
Overall, Nifty is trading at a crucial support zone. A decisive move on either side will dictate intraday direction, so traders should wait for confirmation and manage trades with strict stop-losses.
NIFTY Levels for Today
Here are the NIFTY's Levels for intraday (in the image below) today. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
Your likes and boosts gives us motivation for continued learning and support.
Nifty strategy for 23/09/25Support levels :25140,25035
Resistance levels : 25278,25370
Disclimer :I AM NOT A SEBI RESEARCH ANALYST OR FINANCIAL ADVISOR, these recommendations are only for education purpose, not for trading and investment purpose please take an advise from your financial advisor before investing on my recommendations.
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Nifty Technical Analysis – 23 September 2025🕒 1-Day Chart
Support Levels:
25,200: Immediate support; bulls need to defend this level.
25,050: Critical support; a break below this could lead to further downside.
Resistance Levels:
25,300: Immediate resistance; a breakout above this could lead to a rally.
25,450–25,500: Key resistance zone; bulls need to reclaim this for a bullish trend.
Technical Indicators:
RSI is below 60, indicating weakening momentum.
MACD shows a bearish crossover, suggesting potential downside.
Market Sentiment:
The index formed a bearish candle with a long upper shadow, indicating selling pressure at higher levels.
The index is trading below the 10-day EMA, suggesting a short-term downtrend.
🕓 4-Hour Chart
Support Levels:
25,150: Immediate support; a break below this could lead to further downside.
25,000: Strong support; bulls need to defend this level.
Resistance Levels:
25,300: Immediate resistance; a breakout above this could lead to a rally.
25,450: Key resistance; bulls need to reclaim this for a bullish trend.
Technical Indicators:
RSI is below 60, indicating weakening momentum.
MACD shows a bearish crossover, suggesting potential downside.
Market Sentiment:
The index is trading below the 10-period EMA, suggesting a short-term downtrend.
🕐 1-Hour Chart
Support Levels:
25,150: Immediate support; a break below this could lead to further downside.
25,000: Strong support; bulls need to defend this level.
Resistance Levels:
25,250: Immediate resistance; a breakout above this could lead to a rally.
25,400: Key resistance; bulls need to reclaim this for a bullish trend.
Technical Indicators:
RSI is below 60, indicating weakening momentum.
MACD shows a bearish crossover, suggesting potential downside.
Market Sentiment:
The index is trading below the 10-period EMA, suggesting a short-term downtrend.
🕒 15-Minute Chart
Support Levels:
25,150: Immediate support; a break below this could lead to further downside.
25,000: Strong support; bulls need to defend this level.
Resistance Levels:
25,250: Immediate resistance; a breakout above this could lead to a rally.
25,400: Key resistance; bulls need to reclaim this for a bullish trend.
Technical Indicators:
RSI is below 60, indicating weakening momentum.
MACD shows a bearish crossover, suggesting potential downside.
Market Sentiment:
The index is trading below the 10-period EMA, suggesting a short-term downtrend.
NIFTY : Trading levels and plan for 23-Sep-2025NIFTY TRADING PLAN – 23-Sep-2025
Nifty closed near 25,200, holding around the critical zone of 25,189–25,200, with multiple resistances above and strong support below.
Opening Resistance: 25,261
Sideways Resistance Zone: 25,261–25,296
Last Intraday Resistance: 25,379
Major Resistance: 25,479
Opening Support: 25,189
Last Intraday Support (Buyers’ Zone): 25,000–25,046
With a gap opening threshold of 100+ points, let’s look at the trading scenarios in detail:
🚀 Gap Up Opening (100+ points above previous close)
If Nifty opens near or above 25,300–25,320, it will enter a test zone of 25,261–25,296.
A sustained breakout above 25,296 may invite momentum buying towards 25,379, and a further extension can take it towards 25,479.
If Nifty fails to sustain above 25,296, then a pullback towards 25,261–25,200 can occur. This retracement may offer intraday shorting opportunities.
👉 Traders should avoid chasing the initial spike. Waiting for 15–30 minutes for confirmation will help avoid false breakouts.
⚖️ Flat Opening (near 25,180–25,220 zone)
In case of a flat start, the immediate play will be between 25,189 (support) and 25,261 (resistance).
A decisive move above 25,261 can attract bullish momentum towards 25,296–25,379.
Conversely, slipping below 25,189 may drag Nifty back towards 25,046, which is a critical buyer’s zone.
👉 This is the best scenario for breakout traders, as both sides provide clear risk-reward setups depending on the direction chosen by the market.
📉 Gap Down Opening (100+ points below previous close)
If Nifty opens near or below 25,100, immediate pressure will shift focus to the 25,000–25,046 buyer’s support zone.
A quick bounce from this zone can trigger a recovery rally back towards 25,189–25,261.
However, if Nifty breaks below 25,000 and sustains, it will trigger strong bearish momentum, possibly extending the fall towards 24,950–24,880 levels.
👉 In this setup, option traders can look for put buying opportunities but must keep stop-losses tight, as volatility will be high around psychological levels like 25,000.
🛡️ Risk Management & Option Trading Tips
Always allow the first 15–30 minutes for market direction to settle before taking trades.
Trade near support/resistance zones; avoid entries in the middle range.
Follow hourly candle closing for breakout confirmations.
Keep a 1:2 minimum risk-reward ratio to filter low-quality trades.
In options trading, avoid over-leveraging as premiums decay quickly on sideways days.
Respect levels like 25,000, which act as strong psychological supports/resistances.
📌 Summary & Conclusion
Above 25,296, bullish momentum may extend towards 25,379–25,479 🚀.
Flat openings will revolve around 25,189–25,261 levels, offering breakout trades ⚖️.
Below 25,000, deeper bearish pressure may emerge, targeting 24,950–24,880 📉.
Discipline, patience, and waiting for price confirmation at key levels will be crucial for success.
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is only for educational purposes. Please do your own research or consult a financial advisor before making any trading decisions.
NIFTY50: Daily Timeframe Analysis-22-09-2025.Price is testing the red trendline resistance.
Black line = pivot zone, acting as a key decision point.
Green ascending line = support trendline, holding strong.
See if indian markets is not performing thenIf Indian market is not performing, then other economy such as China(both Hensen index and China tech sector) and also other asset class such as silver and gold are performing so Stay diversified to this asset class as well
We are heading back to 25000 again!!! EXPLAINEDAs we can see NIFTY again fell strongly which was fueled by Trump's new policy for IT companies which led to this weakness. Further, viewing technically we can also see space for correction till 25000 level which is its next important demand zone which would also be a great area to buy for POSITIONAL view. so plan your trades accordingly as market is now trading at NO TRADING ZONE area which would lead to immense volatility. Better idea would be to wait for price to come at our demand and suppky zones and initiate trades accordingly.
Bulls seen in today's selling candle in Nifty So, NSE:NIFTY touched the final support we mentioned at 25150 and bounced back. We discussed that the dip will get bought, and that’s exactly what happened.
Now even though today's candle is red, buyers’ volume is 12 million higher than sellers. That confirms the buying is coming in.
Now, if Nifty opens above the Pivot, which is at 25228, it could turn into a bullish day since PP is at 0.10%.
The retail index is down but market breadth remains strong, so tomorrow could be a sideways day with a bullish tone intact.
Support for tomorrow will be at 25200 and resistance at 25250.
The key resistance is 25330. If that breaks, we may see sharp short covering in the coming days. That level will be the main focus if you’re trading index options.
Stocks from Auto Components and Construction industries will be on my radar tomorrow for intraday trades.
I traded NSE:MMTC , NSE:STALLION and NSE:TRAVELFOOD today. All gave really good blast.
📊 Levels at a glance:
Pivot: 25228
Support: 25200
Resistance 1: 25250
Resistance 2: 25330 (major breakout level, short covering zone)
Pivot Percentile: 0.10% (supports bullish tone)
Bias: Sideways with bullish undertone
Sectors to watch: Auto Components, Construction
That’s all for the day. Take care. Have a profitable tomorrow.
