Nifty Futures Daily Trend analysis for April 17, 2025As mentioned in my post yesterday (April 15, 2025), we have been eyeing the Nifty Futures resistance level at 23,460. Today, the price is approaching this level. Our Masters Cycle has confirmed a buy signal today, with a stop-loss set at 21,859.
Now, how should we approach intraday trading for tomorrow (April 17, 2025)?
As highlighted in yesterday’s update, our Future Candle Reversal Projection indicator has signaled a reversal day for April 17. Additionally, the Dynamic Candle Reversal indicator (note the small blue line plotted today) has confirmed an intraday bearish setup for tomorrow.
Considering these signals, we will focus on intraday shorting opportunities for April 17. However, for positional trades, we continue to maintain a bullish bias.
Disclaimer:
The views shared here reflect my personal analysis and are intended for educational purposes only. Market conditions may differ in real-time. If you are a trader, please conduct your own research and analysis before making any trading decisions. Always ensure that you trade with a proper Stop-Loss in place.
