Based on the 15-minute Nifty Futures chart you shared, here is a professional BTST (Buy Today, Sell Tomorrow) analysis.
Technical View
Strong breakout occurred from the 23,640–23,700 resistance zone.
Price achieved the measured move target (~446 points) and is now consolidating.
Current price is holding above the key support at 23,875–23,900.
Recent selloff was bought aggressively near 23,820–23,850, indicating demand.
Structure remains bullish as long as 23,800 is not decisively broken.
Key Levels
Immediate Support: 23,875
Major Support: 23,640
Immediate Resistance: 24,150
Next Resistance: 24,250
Extended Resistance: 24,450–24,575
BTST Trade Setup
Aggressive Entry
Buy: 23,960–24,000
Conservative Entry
Buy only if Nifty Futures closes above 24,050 on a 15-minute basis.
Stop Loss
23,820 (below recent swing low)
Targets
| Target | Level |
|---|---|
| T1 | 24,150 |
| T2 | 24,250 |
| T3 | 24,450 |
Risk-Reward Analysis
Assuming Entry = 23,980
Risk = 160 points (23,980 → 23,820)
| Target | Reward | R:R |
|---|---|---|
| 24,150 | 170 pts | 1.06:1 |
| 24,250 | 270 pts | 1.69:1 |
| 24,450 | 470 pts | 2.94:1 |
The trade becomes attractive only if aiming for 24,250+.
Probability Assessment
Bullish Scenario
Conditions:
Global cues remain neutral/positive.
Nifty holds above 23,875.
Probability: 62-68%
Sideways Scenario
Range: 23,850–24,150
Probability: 20-25%
Bearish Scenario
If 23,820 breaks decisively.
Probability: 12-15%
Professional Trading Plan
Preferred BTST
Entry: 23,960–24,000
SL: 23,820
T1: 24,150
T2: 24,250
T3: 24,450
Expected Success Rate: ~65%
Important Caveat
The chart is from June 2025 and BTST success is highly dependent on overnight global cues (US markets, SGX/GIFT Nifty, crude oil, geopolitical news). A strong negative overnight gap can invalidate the setup regardless of chart structure.
For a higher-confidence BTST call (with option strikes and exact position sizing), I would need the latest Nifty Futures chart from today's close.
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