RajKamal
Stocks
Stocks
GIFT NIFTY 1H — Market Outlook: trading ~ 25,910
Current: 25,910
Support: 25,860 - 25,870
Resistance: 26,100 - 26,250
Short-term Trend: Down → Testing Support
Technical Observations
Price fell sharply from ~26,300 to the current area and is testing the horizontal support near 25,860–25,870. Multiple touches near this blue-line support suggest buyers are defending this zone. The recent candle shows a hammer-like wick near support — a possible early sign of short-term exhaustion in selling.
Bullish (Bounce) Setup
Entry Zone25,880 – 25,900
Target 126,050
Target 226,200
Stop Loss25,820
Rationale: Support holding and potential short-covering — wait for confirmation (a clean hourly close above 25,950 or a strong rejection wick off support).
Bearish (Breakdown) Setup
TriggerClose below 25,860
Target 125,700
Target 225,500
Stop Loss25,980
Rationale: A confirmed breakdown typically accelerates downside — watch for volume confirmation and no quick reversal candles.
Indicators (typical readings)
- 20 EMA: sloping down — immediate resistance ~26,000
- 50 EMA: above price — short-term weakness
- Hourly RSI: likely in the ~35–40 range (short-term oversold) — watch for cross above 45 for a stronger bounce confirmation
Quick Trade Checklist
- No position until price confirms direction — either a clean hourly close above 25,950 for longs or below 25,860 for shorts.
- Use defined stops and protect capital — intraday volatility can give quick false breakouts.
- Prefer smaller size near support; scale out into targets.
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