NIFTY 50 Index Daily Chart AnalysisThe Nifty 50 is consolidating in a tight range just below the key psychological resistance at 25,130. The price action has shown multiple attempts to breach this level, indicating selling pressure on rallies. However, strong buying support exists around ₹24,470.
Recent volume is moderate and slightly declining, indicating a lack of conviction on both sides.
Bias: Neutral-to-bullish as long as ₹24,468 holds.
Breakout Potential: Above ₹25,130 with volume may trigger a fresh rally.
Risk: Failure to hold ₹24,468 could result in a drop to ₹24,000.
NIFTY trade ideas
#NIFTY Intraday Support and Resistance Levels - 30/05/2025Nifty is expected to open flat around the 24800–24850 range. The market has shown signs of recovery from lower levels, and if it manages to hold above the 24800–24850 support zone, we can expect a continuation of upward momentum. In that case, possible intraday upside targets are 24900, 24950, and a breakout beyond 25000 could extend the rally toward 25150, 25200, and 25250+ levels.
However, if Nifty fails to sustain above 24800 and faces resistance near 24900–24950, a pullback may occur. A confirmed breakdown below 24700 would signal weakness and could trigger a fresh round of selling. In such a scenario, downside targets would be 24650, 24600, and possibly 24550.
Today’s session may start off sideways with consolidation between key levels. Wait for clear confirmation above 24850 for longs or below 24700 for shorts. Keep trailing your stop-loss and book partial profits near every target zone.
#NIFTY Intraday Support and Resistance Levels - 28/05/2025Today, Nifty is expected to open flat near the 24800–24850 zone. If it sustains above 24800–24750, a bullish move is possible toward 24850, 24900, and 24950+.
Further momentum may be seen if Nifty breaks and holds above 25000, targeting 25150, 25200, and 25250+.
On the downside, if Nifty fails to hold above 24950–24900 and starts slipping below this zone, short trades can be considered with targets of 24850, 24800, and 24750.
A breakdown below 24700 may accelerate selling pressure, leading to extended downside targets of 24650, 24600, and 24550.
Expect choppy moves near key levels — trade with a defined stop loss and lock in profits at each stage.
#NIFTY Intraday Support and Resistance Levels - 06/06/2025Nifty is opening with a slight gap-up around 24750–24760, placing it just above a key resistance-turned-support level. This setup suggests early optimism, but follow-through momentum is crucial for confirmation.
If Nifty sustains above 24800, it may pave the way for a smooth upside toward 24850, 24900, and 24950+. This range could act as a momentum zone for intraday buyers if volume supports the move.
On the flip side, a slip back below 24700 may signal weakness and open downside targets at 24650, 24600, and 24550, pulling Nifty back into a broader consolidation range.
Flag and Pole kind of structure forming in Nifty. There is a very positive looking flag and pole kind of structure forming in Nifty hourly chart. This is within a parallel channel which Nifty has been following since April 15th 2025. This Flag and Pole breakout will come into effect if and only if we get a closing above 24880.
In case of flag and pole breakout happening the future resistances will be near 24959, 25084 and 25157. 25157 again will be a major resistance as it will be the mid of the channel.
The supports for Nifty in case the flag and pole breakout does not take effect are at 24804 (Mother line of hourly chart) 24693, 24518 and finally 24439.
Below 24439 bears can take over the market. Above 25157 Bulls can take over the market. Shadow of the candle is effectively neutral to positive.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty Might give 2 % Correction in Short TermWhy are we expecting Short Term Correction near 24200-24300 why?
30 August 2024 volume 638.13 million
25 November 2024 volume 687.13 million
28 May 2025 Volume 684.74 million
No.1 In near term past whenever a red or Doji candle forming on daily chart volume traded above 680 million, we had seen around 2 -3 % fall.
No.2 strong 50 EMA support
No.3 Nifty want to fill gap
No.4 Double Top Near 25000 level
This analysis is based on daily Chart, it's just assumption pls trade on your own Risk
#NIFTY Intraday Support and Resistance Levels - 03/06/2025Nifty is expected to open flat near the 24700 mark, continuing its sideways trend from previous sessions. The index is currently hovering just below the key resistance zone of 24750–24800. A breakout above this level can trigger bullish momentum with upside targets of 24850, 24900, and 24950+. Sustained strength may push the index further toward the 25000–25050 area.
However, if Nifty fails to hold and breaks below 24700, it could lead to bearish pressure. A confirmed breakdown may open downside targets of 24650, 24600, and 24550. Further decline could test the next major support at 24500–24450 levels.
As the market remains range-bound, traders are advised to wait for breakout confirmation with strict stop-loss. Watch for volume and momentum near breakout zones to avoid false signals.
NIFTY50.....New high's, then correction?Hello Traders,
The week started at 25,058 — the week's high — and has declined since then. It bottomed out at around 24,462. This move probably ended wave w (pink), or it could have been the entire wave iv (blue).
Chart analysis:
If it was all of wave iv (blue) the next move will be up to a new high in the coming week. However, a drop around the 24789 range could be possible. If thereafter a wave v (green) ends, a target area is @ 24970.50! If so to come, one target range is around the 25081 level. Here a wave v(green) of ((i)) (pink) ends! While the last move look like a "triangle" 2 in progress, it is my favorite pattern. But note! The last move, possible wave w (pink) has ended below the wave a low (not shown). That means "danger for the bears"!
The bears need to watch the chart closely! If this move, though unexpected, was all of the pattern, the door should be open to new corrective lows in the coming week. Here, one price target is around the 24506 area. That would just correct a 0.618, but still possible! Another target is around 24260 area. Here wave y=w!
Anyway! The targets have been set for the coming week, and we will see and watch the chart closely! Good luck to all traders!
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
Nifty levels - Jun 05, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Nifty Analysis EOD – June 5, 2025 – Thursday🟢 Nifty Analysis EOD – June 5, 2025 – Thursday 🔴
🎭 Trap and Manipulation on Expiry Day
As discussed in yesterday’s note—a calm before the storm—today delivered the volatility, but not in the form anyone truly expected. Nifty opened with a 53-point gap-up, filled the gap in the first 5 minutes, and then marched upwards to hit a day high of 24,761.
But that wasn't the end…
Within just 20 minutes, Nifty spiked to 24,899—a sharp and unexpected move that defied recent technical context. Why?Because just two sessions ago (June 3), the 24,800 level was a clear rejection zone, yet today the price cut through that zone like butter, crossing the highs of the past 6 sessions—only to fall just as sharply.
📉 That’s not strength—it’s classic expiry day manipulation.
The past 16 sessions have shown candles with unusual shadows, and today added another one to the list. For swing traders, this market structure has been offering no clean entry triggers. The message is loud and clear: focus only on intraday setups and stay cautious.
🛡 5 Min Chart with Levels
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,691.20
High: 24,899.85
Low: 24,613.10
Close: 24,750.90
Net Change: +130.70 (+0.53%)
📊 Candle Structure Breakdown
Real Body: 59.70 pts (Green)
Upper Wick: 148.95 pts
Lower Wick: 78.10 pts
🔍 InterpretationThe candle paints a story of early optimism followed by profit booking or supply absorption near 24,900. Though the day closed green, the long upper shadow shows sellers dominating higher levels, leaving buyers with little to celebrate by the close.
🔦 Candle Type
🟢 Green Spinning Top with Long Upper Wick
Indicates indecision, with a bullish undertone that lacks conviction at higher levels.
📌 Key Insight
24,900 remains a psychological and technical barrier.
A bullish close above 24,900 might invite momentum traders, but until then—suspicion stays.
A breakdown below 24,600 may trigger downside interest again.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 265.01
IB Range: 148.4 → Medium IB
Market Structure: imBalanced
Trades:✅ 11:00 AM – Long Triggered → Target Achieved (1:1.5)✅ 11:50 AM – Long Triggered → Trailing SL Hit, but Target Achieved (1:4.8)
📌 Support & Resistance Zones
Resistance Levels
24,768 ~ 24,800
24,820
24,882
24,894 (Strong Resistance)
Support Levels
24,727 ~ 24,737
24,660
24,625 ~ 24,640
24,600
24,530 ~ 24,480
24,460
💭 Final Thoughts
A day of deception more than direction.This expiry session was less about trend and more about clearing premiums, trapping both sides, and faking strength in the middle of a boxed consolidation.
📌 “Not every green candle is bullish. Some are just well-disguised traps.”
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Nifty bounce between Trendline resistance and Mother lineWe Saw a jump of 130 points in Nifty today. The jump could have been higher if trend line resistance would not have come into play. This trend line resistance which came into effect is exactly around 24899 as it can be seen in the chart which was also the day's high. After making this high Nifty fell again until Mother line support present near 24706 again came into act for Nifty to close near 24750.
Thus the supports for Nifty now remain at: 24706 (Mother Line Support), 24613 (Low of today) and Father line Support near 24508. Below 24508 there will be further weakness and Bears will take control of the market.
The Resistances for Nifty now remain at: 24767, 24843, 24899 (trend line resistance), and 24971(Another Trend line resistance). Above 24971 closing Nifty will gain strength again and Bears can pull the market upwards towards 25074 or 25132. Closing above 25132 will be very good for the market as there seems to be a pure Bull territory above this zone.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty levels - Jun 06, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Nifty Analysis EOD – June 4, 2025 – Wednesday🟢 Nifty Analysis EOD – June 4, 2025 – Wednesday 🔴
A Pause with a Purpose: Calm Before the Storm?
Today’s Nifty price action was quiet and composed. The index opened with a mild 33-point gap-up, only to find resistance around the 24,600 mark—tested multiple times through the day. Eventually, it retraced to fill the gap, took support near the 24,500 zone, and spent most of the session within a tight initial balance of just 82 points.
A mid-session breakout attempt gave bulls a fleeting 30-point push, but the rally fizzled at the 24,625–24,640 resistance zone, and the index settled at 24,620.20, wrapping up the day in a 114-point range.
While the range was narrow, the price structure hints at a market in wait mode, possibly anticipating upcoming events or news flow. Patience is the key here.
🛡 5 Min Chart with Levels
📦 Bigger Picture: Still Trapped in the Box
This was the 14th session and 20th trading day stuck in a 653-point box range (24,462–25,116) formed since the 15th May breakout candle.
Nifty is now near the bottom of that range, and the 15th May Master Candle low of 24,494 is becoming crucial.
🔴 A close below that level could potentially unlock lower zones near 24,000 or even 23,800.
No need to pre-empt the move—let the market trigger, then respond.
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown
Open: 24,560.45
High: 24,644.25
Low: 24,530.45
Close: 24,620.20
Net Change: +77.70 (+0.32%)
Candle Structure
Real Body: 59.75 pts (Green)
Upper Wick: 24.05 pts
Lower Wick: 30.00 pts
Interpretation
A quiet session with modest gains. The candle shows buyers stepping in after yesterday's sell-off, but the recovery lacked strength. The small body and limited wicks signal a day of balance—neither bulls nor bears fully in control.
Candle Type
🟩 Neutral Bullish Candle / Basic Continuation Bar
Indicates pause in selling pressure, but not yet a confirmation of bullish reversal.
Key Insight
A close above 24,645 is needed to validate any recovery attempt.
As long as 24,530–24,500 holds, short-term sentiment stays cautiously optimistic.
Tomorrow’s session will be crucial to set the tone.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 262.59
IB Range: 82.3 → Small IB
Market Structure: Balanced
Trades:
❌ No trade triggered today
📌 Support & Resistance Zones
Resistance Levels
24,625 ~ 24,640
24,660
24,727 ~ 24,737
24,768 ~ 24,800
24,820
24,882
24,894 (Strong Resistance)
Support Levels
24,600
24,530 ~ 24,480
24,460
24,420 ~ 24,400
24,365 ~ 24,330
24,245 ~ 24,240
💭 Final Thoughts:
A day of controlled consolidation in a narrow range. While the broader market may look indecisive, this could be accumulation or energy build-up for the next big directional move. Stay observant—levels are speaking louder than volume right now.
📌 "When markets whisper, smart traders listen. The quiet days often precede the loudest moves."
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Nifty levels - Jun 09, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Nifty Bounces from Channel Bottom. Amidst escalation in Ukraine and Russia tussle with Ukraine going on major Drone offensive and Russia likely to respond anytime this week. The escalation can lead to NATO involvement and this can spell a major downside for Global market. The above is just speculation and things can take a different trajectory as well. During such global negative news Indian markets made a low of 24526 but recovered 190 points to close near 24716. This shows the strength of Indian market and shows that we are quiet buoyant.
Resistance for Nifty Remain near: 24763 (Mother Line of Hourly Chart), 24887, 25041 (Mid channel resistance and 25151.
Supports For Nifty Currently remain at: 24637, 24519 (Parallel Channel Bottom) and 24474 (Father Line of Hourly Chart).
If we get a closing below 24474 Bears will have an upper hand and can drag market further down we give the downside levels if we reach there. If we get a closing above 25151 Bulls Will have an Upper hand and can pull the index further upwards we give further upside levels once we reach there.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty Analysis EOD – June 2, 2025 – Monday🟢 Nifty Analysis EOD – June 2, 2025 – Monday 🔴
“Relaxed day... if you forget the first and last 20 minutes!”
Nifty opened flat with a slightly negative tone and, within the first 20 minutes, collapsed over 200 points, hitting an intraday low of 24,526. However, the day had other plans. A slow and steady recovery followed, with Nifty reclaiming almost all its losses by mid-session. But just when things looked stable, the index shed 88 points in the final 20 minutes, eventually closing at 24,716.60, just 34 points lower than the previous close.
If you ignore the volatility of the first and last few minutes, the day felt calm—almost deceptive. Small and mid-cap stocks, along with Bank Nifty, saw a positive day, showcasing broad market strength despite Nifty’s indecisiveness.
🛡 5 Min Chart with Levels
📌 Diamond Pattern BreakoutAs discussed in yesterday’s note, the diamond pattern on the daily and 5-min chart finally saw a breakout today—and yes, the target was achieved. But let’s be real: with all the action packed into the opening move, most traders (including me) missed the train. A frustratingly textbook pattern—but a tricky execution.
🕯 Daily Time Frame Chart
📊 Daily Candle Breakdown
Open: 24,669.70
High: 24,754.40
Low: 24,526.15
Close: 24,716.60
Change: −34.10 (−0.14%)
Candle Structure:
🟩 Green Candle: Close > Open (46.90 pts body)
🔻 Lower Wick: 143.55 pts – Strong buying at the dip
🔺 Upper Wick: 37.80 pts – Limited rejection from top
Interpretation:Despite closing slightly lower, the candle reflects strong intraday buying after a deep dip. The long lower shadow shows support around 24,520–24,550 is active. Close near the top half signals buyers held their ground after early weakness.
Candle Type:🔨 Hammer-like: Bullish sentiment hidden in the chaos.
Key Insight:
Holding above 24,755 can trigger a fresh bullish leg.
Breach of 24,520 may invite more selling pressure.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 272.03
IB Range: 191.40 → 🔴 Wide IB
Market Structure: ImBalanced
Total Trades: 0
12:35 – Long signal came, but entry didn’t trigger. No trades taken.
🧭 Support & Resistance Levels
📈 Resistance Zones:
24,727 ~ 24,737
24,768 ~ 24,800
24,820
24,882
24,894
24,920
24,972 ~ 25,000
25,062 ~ 25,070 (5th rejection!)
25,116 ~ 25,128
25,180 ~ 25,212
25,285 ~ 25,399
📉 Support Zones:
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🧠 Final Thoughts
"Structure se hi samjho... market bhale chhup jaye, lekin footprint chhod deta hai."Diamond breakout ho gaya, lekin execution ne dhoka diya. Lesson? Stay ready—patterns repeat, but you only profit if you’re prepared.
✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action.
NIFTY 50 KEY LEVELS FOR 27/05/2025// The core idea behind this indicator was sparked by a simple but powerful clue:
// 👉 "Mark one level correctly, and the rest of the price action aligns around it."
// From that point onward, everything—the logic, calculation method, and application—has been developed independently through my own analysis and experience.
// I am not a seller, and no one taught me this system. This method is a result of my own effort and refinement.
///////////////////// Explanation /////////////////////
// This trading system is designed to eliminate blind trades by offering confirmation-based entry and exit points.
///////////////////// Entry/Exit Strategy /////////////////////
// - Use the BLACK line for long trades, and the RED line for short trades, in line with confirmation from your trading plan.
// - Stop Loss:
// - For long trades: below the RED line.
// - For short trades: above the BLACK line.
// - Take Profit:
// - For long trades: target the next RED line above.
// - For short trades: target the next BLACK line below.
///////////////////// Recommended Timeframe /////////////////////
// Use on a 5-minute chart for best results.
///////////////////// Disclaimer /////////////////////
// This setup is shared purely for educational purposes.
// I am not responsible for any gains or losses that may result from its use.
// Always use your own judgment and risk management.
NIFTY : Trading levels and plan for 26-May-2025📊 Nifty Trading Plan – 26-May-2025
Timeframe: 15 Min | Reference Spot Price: 24,845
Gap Opening Threshold: 100+ Points
🚀 Gap-Up Opening (Above 24,974) – 100+ Points
If Nifty opens above the Opening Resistance level of 24,974, it enters a critical resistance zone that may trigger two-sided moves. The area between 25,195 – 25,294 is marked as the Profit Booking Zone / Last Intraday Resistance .
🟥 This zone has historically seen supply, and sharp up-moves may get trapped without strength in broader participation.
✅ Plan of Action:
– Avoid initiating long trades immediately post gap-up unless price shows strong bullish candles above 25,195.
– For intraday buying, wait for a clean 15-min candle close above 25,294 with strength in heavyweights.
– Ideal entry would be on a retest of the 25,195–25,294 zone if price holds.
– Reversal patterns (like Shooting Star / Bearish Engulfing) near 25,195 – 25,294 can offer sell-on-rise opportunities toward 24,974, then 24,845.
– Watch for volume confirmation – avoid shorting just because price is high.
🎓 Educational Note: Gap-ups into strong resistance zones require caution. Momentum without volume and market-wide confirmation often leads to failed breakouts. Let structure confirm before jumping in.
📈 Flat Opening (Between 24,790 – 24,974)
This places Nifty inside the No Trade Zone defined between 24,790 – 24,974.
🟧 This range is uncertain – the index may move sideways with choppy price action and lack of conviction from buyers or sellers.
✅ Plan of Action:
– Stay on the sidelines in the first 15–30 mins.
– Only consider long trades if price breaks and sustains above 24,974, then aim for 25,195 – 25,294.
– For short trades, wait for a clean breakdown below 24,790 with a bearish candle close to ride down to 24,684 and then 24,558.
– Risk reward is best outside this zone, not inside. Patience is key.
🎓 Educational Note: Flat openings in mid-range zones often cause emotional trades. Use this time to assess volume trends, sectoral strength, and structure. Most clean entries happen post-10:15 AM.
📉 Gap-Down Opening (Below 24,684) – 100+ Points
A gap-down below 24,684 pushes Nifty near its immediate supports at 24,558 (Last Intraday Support) and 24,250 – 24,190 (Buyer’s Zone).
🟩 This is a sensitive area where smart money may attempt reversals, especially near 24,250 – 24,190.
✅ Plan of Action:
– Watch for reversal signs (Hammer, Bullish Engulfing) around 24,558 and especially in the Buyer’s Support Zone: 24,250 – 24,190.
– If price finds footing and sustains above 24,558, reversal trades can be initiated with a target back to 24,684 – 24,790.
– A strong breakdown below 24,190 would confirm bearishness – in that case, avoid catching falling knives.
– Only go short below 24,190 on breakdown candle with next target open toward swing lows.
🎓 Educational Note: Gap-downs into major demand areas offer some of the best R:R setups—but only if there's evidence of absorption and reversal structure. Never go long just because price is “low”.
🛡️ Options Trading – Risk Management Tips
✅ Use slightly In-the-Money (ITM) options for better delta movement and less time decay.
✅ Avoid trading in No Trade Zones; theta will eat up your premiums.
✅ Follow the 1–2% capital risk rule – don’t over-leverage in anticipation of a breakout.
✅ Always define your stop loss using the underlying spot level, not just option premium.
✅ Book partial profits once price moves in favor and trail SL for the rest.
✅ If you hit 2 stop-losses in a row, take a break and re-assess the trend.
✅ Monitor OI data and sectoral strength—don’t blindly follow index candles.
📌 Summary & Conclusion
🔹 No Trade Zone: 24,790 – 24,974
🔹 Profit Booking / Resistance Zone: 25,195 – 25,294
🔹 Opening Supports: 24,684 & 24,558
🔹 Strong Buyer’s Support: 24,250 – 24,190
📈 For Gap-Ups, avoid early longs into resistance zones unless breakout is confirmed.
📉 For Gap-Downs, prepare for potential reversal from Buyer’s Support Zone.
🕒 In Flat Openings, wait 15–30 mins to avoid whipsaws inside No Trade Zone.
⚖️ Best trades occur outside the No Trade Zone with price + structure + volume alignment.
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This trading plan is purely for educational purposes. Please conduct your own analysis or consult a SEBI-registered advisor before taking trades.
Nifty50 – Wave IV Unfolding Within the Grand SupercycleFrom the Grand Supercycle perspective on the monthly chart, we can observe a consistent pattern — every major a-b-c corrective phase has unfolded as a form of flat correction before the next rally. Based on this historical rhythm, and the current market structure, I believe we are still in the process of completing Wave V of the Grand Supercycle.
This long-term view is overlayed on the chart to help contextualize what’s happening now.
Zooming In – The Weekly Breakdown Within Wave IV and V:
Within this broader Grand Supercycle, the weekly chart captures a five-wave subdivision between Supercycle’s Wave IV and the yet-to-be-completed Wave V.
Wave III has completed after achieving a 100% projection of Wave I from Wave II , respecting classic Fibonacci symmetry.
After the Wave III high, we’ve entered a correction phase , where sub-wave b is currently unfolding.
Flat Correction in Play?
For the current move to qualify as a Flat correction:
Wave b must retrace at least 90% of Wave a .
This requirement is crucial to maintain the “Flat” identity of the structure.
Depending on the nature of the flat:
If it’s a Regular Flat or Expanding Flat, Wave c must break below the bottom of the rising parallel channe l, and end below the low of Wave a .
If it’s a Running Flat , Wave c can stay above Wave a’s low, and price may remain within or near the channel’s lower boundary.
Also, as per EW guidelines, Wave c must unfold in 5 waves — which will be the next key structure to monitor.
Where Are We Now?
As long as Wave b is progressing toward 90% retracement , the near-term bias remains bullish.
But once Wave b completes, the market may enter Wave c, which could result in a deeper correction — either towards the lower end of the channel or even below, depending on which flat structure plays out.
What Next?
This unfolding Wave c will likely complete Wave IV within the Grand Supercycle, setting the stage for the final upward move — Wave V of both the internal 5-wave structure and the Grand Supercycle itself.
Disclaimer: This is not a buy or sell recommendation. The analysis shared is purely my personal view for educational purposes only.