Nifty 50 Index chart you provided (30-minute time frame) with target, stop loss, support-resistance, and views across short, medium, and long term:
🔍 Chart Overview:
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Timeframe: 30-minute
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Current Price: 24,881.95
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Recent High: 25,383.70
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Recent Low: 23,274.40
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Key Levels: Fibonacci retracement drawn from swing high to swing low.
📊 TECHNICAL VIEW:
🔵 Support Levels:
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24,720–24,750 (Immediate support – recent consolidation zone)
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23,677.15 (Fibonacci 0.5 level – strong medium-term support)
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23,274.40 (Fibonacci 0.618 level – long-term retracement support)
🔴 Resistance Levels:
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25,000 (Psychological resistance and zone of rejection)
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25,383.70 (Recent swing high and Fibonacci 0 level – strong resistance)
🎯 TARGET & STOP LOSS:
If you are BULLISH (Expecting upside):
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Entry: Near 24,880–24,900
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Target 1: 25,000
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Target 2: 25,383 (swing high)
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Stop Loss: Below 24,720 (immediate support break)
If you are BEARISH (Expecting downside):
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Entry: On break below 24,720
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Target 1: 24,300–24,100
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Target 2: 23,677.15 (0.5 Fibonacci)
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Stop Loss: Above 25,000 (resistance zone)
⏳ TIMEFRAME VIEW:
🔹 Short Term (1–7 days):
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Range-bound between 24,720 – 25,383 unless breakout happens.
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Bullish if holds above 24,880.
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Bearish below 24,720.
🔸 Medium Term (2–4 weeks):
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Sustained move above 25,383 can target 25,700–26,000.
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Below 23,677, it can slide to 23,274.40, the 0.618 retracement level.
🟣 Long Term (1–3 months):
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As long as Nifty trades above 23,274, long-term structure remains bullish.
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If it breaks below 23,274, it may signal deeper correction toward 22,800.
📌 SUMMARY:
| Trend | Entry Level | Targets | Stop Loss |
|---|---|---|---|
| Bullish | 24,880–24,900 | 25,000 → 25,383 | Below 24,720 |
| Bearish | Below 24,720 | 24,300 → 23,677 | Above 25,000 |
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