Closing Price (Sept 1): 24,527.55 (▲ +0.42%)
Current Session (Intraday – Sept 2): Around 24,425–24,430
Technical Levels:
Immediate Support: 24,350
Next Support: 24,250
Immediate Resistance: 24,600
Next Resistance: 24,750
🔹 Advanced Levels
Anchored Volume Profile Resistance: 24,626 and 24,930
Fibonacci Daily Resistance (0.618): 25,170
Daily Time Frame Zone: 24,624 – 24,876
🔹 Indicators
RSI (14): Neutral zone (~52)
20-Day SMA: Flat, showing consolidation
50-Day SMA: Uptrend intact, but momentum fading
Candle Setup (Sept 1): Small-bodied with upper wick → selling pressure near highs
🔹 Price Action Notes
On Monday (Sept 1), Nifty broke above Friday’s high which is crucial
If sustained, upside momentum possible toward resistance zones
Seasonal sentiment (festival & marriage season) may provide additional support
🔹 Trade Setup (1H Time Frame)
Bullish Scenario:
If price sustains above 24,664 → go long,
Stop Loss (SL): 1H candle low (confirmed using 15-min chart)
Target: 24,876
Bearish Scenario:
If a Pin Bar forms near 24,624 on 1H → go short
Stop Loss (SL): Pin Bar candle high (confirmed on 15-min chart)
Target 1: 24,550 Target 2: Trail using 15-min candles down to 24,500 → 24,400
🔹 Chart View
Range: 24,350 – 24,600 (critical breakout zone)
Upside expansion possible if 24,626/24,664 holds
Downside risk if rejection occurs at 24,624 zone
🔖 Disclaimer: This is a technical chart-based study for educational purposes only. Not financial advice.
Current Session (Intraday – Sept 2): Around 24,425–24,430
Technical Levels:
Immediate Support: 24,350
Next Support: 24,250
Immediate Resistance: 24,600
Next Resistance: 24,750
🔹 Advanced Levels
Anchored Volume Profile Resistance: 24,626 and 24,930
Fibonacci Daily Resistance (0.618): 25,170
Daily Time Frame Zone: 24,624 – 24,876
🔹 Indicators
RSI (14): Neutral zone (~52)
20-Day SMA: Flat, showing consolidation
50-Day SMA: Uptrend intact, but momentum fading
Candle Setup (Sept 1): Small-bodied with upper wick → selling pressure near highs
🔹 Price Action Notes
On Monday (Sept 1), Nifty broke above Friday’s high which is crucial
If sustained, upside momentum possible toward resistance zones
Seasonal sentiment (festival & marriage season) may provide additional support
🔹 Trade Setup (1H Time Frame)
Bullish Scenario:
If price sustains above 24,664 → go long,
Stop Loss (SL): 1H candle low (confirmed using 15-min chart)
Target: 24,876
Bearish Scenario:
If a Pin Bar forms near 24,624 on 1H → go short
Stop Loss (SL): Pin Bar candle high (confirmed on 15-min chart)
Target 1: 24,550 Target 2: Trail using 15-min candles down to 24,500 → 24,400
🔹 Chart View
Range: 24,350 – 24,600 (critical breakout zone)
Upside expansion possible if 24,626/24,664 holds
Downside risk if rejection occurs at 24,624 zone
🔖 Disclaimer: This is a technical chart-based study for educational purposes only. Not financial advice.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.