NIFTY OVERVIEW OF TOMMOROW 28/3/2025

Today's market has been in a very small range. It has spent the entire day in the same range that was formed around 10:00 am, i.e. in the range of Rs 23,571 to 23,640 and now it is at 23,640. If it opens above tomorrow, it can go up to 23,704 and 23,740, and if it opens below 23,540, it can go down to 23,504 and 23,450, and if it slides below 23,450, it can open to the lower level. As long as you trade within the range, no new momentum can come. There is no need to be afraid or panicked until this range is broken. These levels are given, whether they break, i.e. go to the upper side or the lower side, but as long as these levels are not broken, there is no need to be afraid. This is for tomorrow. If there is a view, then consider this level for tomorrow.

Based on the provided TradingView chart of the Nifty 50 Index, here’s an analysis of potential target, stop-loss, support, and resistance levels for tomorrow:

Key Observations: Current Price Level: Around 23,587.

Resistance Levels (Upside Target):

23,632 - 23,635: Immediate resistance level.

23,704 - 23,740: Major resistance zone. If the price breaks above this, 23,740 is the next upside target.

Support Levels (Downside Target):

23,560 - 23,538: Immediate support zone.

23,504 - 23,451: Major support level. If Nifty breaks below 23,538, it can move toward 23,451.

Trade Setup:

Bullish Scenario (Breakout Above Resistance)

Entry: If Nifty breaks 23,635 convincingly.

Target: 23,704 and then 23,740.

Stop Loss: Below 23,560.

Bearish Scenario (Breakdown Below Support)

Entry: If Nifty breaks below 23,538.

Target: 23,504, and further down to 23,451.

Stop Loss: Above 23,600.

Conclusion: Breakout above 23,635 → Bullish towards 23,704 - 23,740.

Breakdown below 23,538 → Bearish towards 23,504 - 23,451.

Keep an eye on price action near these zones before entering a trade.

Nifty 50 Trend & Trading Plan for Tomorrow 1️⃣ Trend Analysis Current Price: ~23,587

Market Structure:

Nifty is in a consolidation phase between 23,560 - 23,635.

A breakout above 23,635 can lead to an upside move.

A breakdown below 23,538 can lead to further downside.

Bias: Neutral to slightly bullish (but needs confirmation from breakout/breakdown).

2️⃣ Trading Strategy for Tomorrow 📌 Scenario 1: Bullish (Breakout Above 23,635-23,640) ✅ Trade Setup:

Entry: Buy if Nifty breaks above 23,635 with volume.

Target:

First Target: 23,704

Second Target: 23,740

Stop Loss: Below 23,560

📌 Scenario 2: Bearish (Breakdown Below 23,538-23,530) ✅ Trade Setup:

Entry: Sell if Nifty breaks below 23,538 with strong momentum.

Target:

First Target: 23,504

Second Target: 23,451

Stop Loss: Above 23,600

3️⃣ Conclusion: Which Side to Trade? 🔹 Wait for a breakout/breakdown from the range (23,560 - 23,635). 🔹 If Nifty holds 23,560 support, then buy on breakout above 23,635 for a bullish move. 🔹 If Nifty breaks 23,538 support, then sell for downside targets.

📊 Overall Bias:

Bullish Above 23,635

Bearish Below 23,538