“NIFTY 50 Daily Chart Analysis | Key Levels, Targets & Trading Strategy for Global Investors”

 

NIFTY — Daily Chart Quick Read

Snapshot taken from chart image — price ~ 25,730 (approx).

Short summary: NIFTY recently rallied and is now pulling back from a short-term top. The market sits near a short-term support zone — watch behavior there. Below are two clean scenarios with clear targets & stoploss zones.

Bull / Long Scenario

• Trigger (Aggressive): Break & hold above 26,050.
• Conservative entry: Buy on a clean pullback into 25,600 – 25,450 zone with bullish price action.
• Targets: 1) 26,200 — 2) 26,600.
• Stoploss: below 25,400 (use trailing stop once in profit).

Bear / Short Scenario

• Trigger: Break below 25,450 on daily close (with follow-through selling).
• Targets: 1) 25,100 — 2) 24,700 (swing low area).
• Stoploss: invalidation above 25,900 (or above the recent swing high).

Key levels (approx):

Resistance near 26,050 — 26,200

Support zone 25,600 — 25,450

Lower swing support 25,100 — 24,700

Trade management tips:

1. Use a defined stoploss and size positions so you risk a small % of capital per trade.
2. Prefer confirmation on daily closes for breakout/breakdown signals (avoid knee-jerk entries intraday).
3. If price grinds sideways, be patient — the levels above lose validity; re-evaluate structure.

Note: levels shown are estimates from the provided chart image. Always cross-check live quotes before placing orders.

Generated for: rajkamalstockoptions.blogspot.com