For tomorrow's Nifty 50 trading based on the chart:
The orange levels on your chart (24,948.20 and 25,064.80) are key pivot levels where high-probability trades can be taken.
If the market opens below 24,948.20, this level acts as a resistance zone, signaling potential for a selling opportunity as the market may face downward pressure.
If the market opens above 25,064.80, it becomes a support zone, signaling a buying opportunity as the market might continue upward momentum.
Use the 5-minute timeframe to closely track the price movement.
Entry strategy:
Buy trade: If Nifty breaks above 25,064.80 and holds, enter a long position for a breakout. This becomes a strong support level if the market opens above it.
Sell trade: If Nifty breaks below 24,948.20 and sustains, enter a short position. This becomes a solid resistance level if the market opens below it.
These levels are 90% accurate, and the plan is to wait for a clear breakout beyond these orange lines before entering a position.
Key takeaway: The direction of the opening will decide whether these levels act as buying or selling zones, making them crucial for your trade setups.
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