According to the price action observed at session start ,NIFTY is currently consolidating between the resistance at 24,862 and the support at 24,815 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.
• Key Levels:
Resistance: 24,862
Support: 24,815
• Breakout Scenario:
If price breaks and sustains above 24,862 :
TP1 (1:1): 24,901
TP2 (1:2): 24,956
TP3 (1:3): 25,003
• Breakdown Scenario:
If price breaks and sustains below 24,815 :
TP1 (1:1): 24,768
TP2 (1:2): 24,721
TP3 (1:3): 24,674
"Stay neutral, stay ready. Let the chart pick the direction."
Information and analysis provided is for educational purposes only.
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📌 Opening Structure & Setup:
At the start of today’s session, NIFTY was consolidating within a tight range between resistance at 24,862 and support at 24,815. A breakout or breakdown from this zone was expected to set the directional tone.
📉 What Happened:
NIFTY broke down below the 24,815 support early in the session, triggering the breakdown scenario from the analysis. Price action followed through to achieve the first two downside targets:
✅ TP1 – 24,768
✅ TP2 – 24,721
The market remained under pressure throughout the day, showing consistent weakness, and closed negative near 24,736, confirming bearish dominance for the session.
✅ The levels held well and the move respected the predefined structure, showing the reliability of the setup shared in the morning.
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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.