Nifty 50 Technical Analysis: Key Levels to Watch This Week!📈 Timeframe: Daily Chart
📍 Instrument: NSE:NIFTY
🔍 Chart Overview:
Nifty 50 has been trading in a consolidation range between and . We are now approaching a critical breakout zone that could define the next short-term trend.
🔑 Key Levels:
Immediate Resistance: 25071
Immediate Support: 24488
Breakout Above: 25071
Breakdown Below: 24488
🔔 Trading Plan:
🔼 Bullish Scenario: Wait for a breakout above 25071 with volume confirmation.
🔽 Bearish Scenario: Breakdown below 24488 may invite selling pressure.
💡 Risk Management: Use proper stop-loss below support/resistance
📌 Disclaimer:
This is for educational purposes only. Do your own research before taking any trade.
📢 Hashtags:
#Nifty50 #TradingView #ChartAnalysis #TechnicalAnalysis #NSEIndia #NiftyBreakout #PriceAction #StockMarketIndia #SwingTrade #NiftyToday
