Nifty 50 Analysis & Trading Plan (5-Min Timeframe)
Current Price: 22,923.15 (-0.06%)
Key Levels:
Psychological Resistance: 23,000
Support Zone: 22,800
Breakout/Breakdown Levels:
Bullish breakout above 23,000 → Move towards 23,233.
Bearish breakdown below 22,800 → Next support at 22,600.
Trade Setup:
Bullish Scenario:
Sustaining above 23,000 confirms bullish momentum; target 23,233.
A strong breakout above 23,233 could take Nifty towards 23,400+.
Bearish Scenario:
If price rejects 23,000 and breaks 22,800, a short trade can be considered towards 22,600.
Current Price: 22,923.15 (-0.06%)
Key Levels:
Psychological Resistance: 23,000
Support Zone: 22,800
Breakout/Breakdown Levels:
Bullish breakout above 23,000 → Move towards 23,233.
Bearish breakdown below 22,800 → Next support at 22,600.
Trade Setup:
Bullish Scenario:
Sustaining above 23,000 confirms bullish momentum; target 23,233.
A strong breakout above 23,233 could take Nifty towards 23,400+.
Bearish Scenario:
If price rejects 23,000 and breaks 22,800, a short trade can be considered towards 22,600.
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.
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.