Nifty's Key Levels & Trade Plan for 08/01/25
https://www.tradingview.com/x/Rw91mWq4/
Hi Guys,
Here’s the breakdown of my Nifty analysis for today:
Resistance Levels:
23,800: Immediate resistance.
23,880: Strong selling zone; breakout could lead to 24,050.
Support Levels:
23,600: Key support with high Put OI.
23,500: Psychological level; a breakdown could take us to 23,400.
My Trade Plan:
Buy Above 23,810:
Target 1: 23,880
Target 2: 24,050
Stop-Loss: 23,780
Sell Below 23,590:
Target 1: 23,500
Target 2: 23,400
Stop-Loss: 23,620
View:
The market looks range-bound between 23,600 and 23,800 unless we see a breakout or breakdown with strong volume. Stay cautious of false moves!
Disclaimer:
This is purely my personal analysis and not financial advice. Please trade based on your own research and risk management.
What’s your view on today’s price action? Let’s discuss!
Hi Guys,
Here’s the breakdown of my Nifty analysis for today:
Resistance Levels:
23,800: Immediate resistance.
23,880: Strong selling zone; breakout could lead to 24,050.
Support Levels:
23,600: Key support with high Put OI.
23,500: Psychological level; a breakdown could take us to 23,400.
My Trade Plan:
Buy Above 23,810:
Target 1: 23,880
Target 2: 24,050
Stop-Loss: 23,780
Sell Below 23,590:
Target 1: 23,500
Target 2: 23,400
Stop-Loss: 23,620
View:
The market looks range-bound between 23,600 and 23,800 unless we see a breakout or breakdown with strong volume. Stay cautious of false moves!
Disclaimer:
This is purely my personal analysis and not financial advice. Please trade based on your own research and risk management.
What’s your view on today’s price action? Let’s discuss!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.