✅ Current Market Status:
Closing Price: ₹24,972.50
Change: –95.20 points
Percentage Change: –0.38%
Day’s Range: ₹24,905.60 – ₹25,095.10
52-Week Range: ₹19,638.30 – ₹25,194.60
🔍 Key Technical Levels:
📌 Support Zones:
Support 1: ₹24,900 – Intraday low and key psychological level
Support 2: ₹24,750 – Previous breakout zone
Support 3: ₹24,500 – Short-term trendline base
📌 Resistance Zones:
Resistance 1: ₹25,100 – Day’s high and minor barrier
Resistance 2: ₹25,200 – All-time high
Resistance 3: ₹25,500 – Next potential rally target if breakout succeeds
🕯️ Candlestick Pattern:
Recent Candle: Bearish candle after range-bound session
Price Action: Failed to sustain above ₹25,100
Implication: Weakness around highs, possible pullback toward support
📊 Market Structure Summary:
Nifty formed a double top near ₹25,200, indicating exhaustion
Currently testing ₹24,900 – if broken, next support is ₹24,750
A breakout will only be valid above ₹25,200 with strong volume
🧠 Institutional Behavior:
Likely profit booking near highs
No major signs of heavy accumulation
May re-enter above ₹25,200 or below ₹24,500 for value buying
🔚 Summary:
🔴 Short-Term Bias: Slightly Bearish
🟡 Watch Levels: ₹24,900 (support) and ₹25,200 (resistance)
✅ Buyers: Wait for breakout above ₹25,200
⚠️ Sellers: Watch for breakdown below ₹24,900 or ₹24,750
Closing Price: ₹24,972.50
Change: –95.20 points
Percentage Change: –0.38%
Day’s Range: ₹24,905.60 – ₹25,095.10
52-Week Range: ₹19,638.30 – ₹25,194.60
🔍 Key Technical Levels:
📌 Support Zones:
Support 1: ₹24,900 – Intraday low and key psychological level
Support 2: ₹24,750 – Previous breakout zone
Support 3: ₹24,500 – Short-term trendline base
📌 Resistance Zones:
Resistance 1: ₹25,100 – Day’s high and minor barrier
Resistance 2: ₹25,200 – All-time high
Resistance 3: ₹25,500 – Next potential rally target if breakout succeeds
🕯️ Candlestick Pattern:
Recent Candle: Bearish candle after range-bound session
Price Action: Failed to sustain above ₹25,100
Implication: Weakness around highs, possible pullback toward support
📊 Market Structure Summary:
Nifty formed a double top near ₹25,200, indicating exhaustion
Currently testing ₹24,900 – if broken, next support is ₹24,750
A breakout will only be valid above ₹25,200 with strong volume
🧠 Institutional Behavior:
Likely profit booking near highs
No major signs of heavy accumulation
May re-enter above ₹25,200 or below ₹24,500 for value buying
🔚 Summary:
🔴 Short-Term Bias: Slightly Bearish
🟡 Watch Levels: ₹24,900 (support) and ₹25,200 (resistance)
✅ Buyers: Wait for breakout above ₹25,200
⚠️ Sellers: Watch for breakdown below ₹24,900 or ₹24,750
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.