Nifty Futures INTRADAY TRADE SET UP AND OVERVIEW

 

current chart setup (Nifty Futures @ 25,167), here’s the intraday trade setup for today:

✅ Intraday Bias Nifty is testing resistance near 25,180–25,200.

RSI is near overbought, so it may face short-term selling pressure unless it breaks out strongly.

Key trigger zones:

Bullish breakout → above 25,200

Bearish breakdown → below 25,085

✅ Intraday Trade Plan 🔹 BUY SIDE (Only if breakout above 25,200) Entry: Above 25,205–25,210 (wait for a candle close confirmation)

Target 1: 25,250

Target 2: 25,300

Stop-loss: 25,170

Reason: Breakout above Fib resistance + Pivot R1 → momentum buying

🔹 SELL SIDE (If rejection & breakdown) Entry: Below 25,085

Target 1: 25,046

Target 2: 24,950

Stop-loss: 25,140

Reason: Breakdown below Fib 0.5 retracement → weak structure → intraday selling

✅ Quick View If market stays below 25,200 → SELL on rise (bearish bias)

If market sustains above 25,200 → BUY on breakout (bullish momentum)

So at current price (25,167), it’s a wait & watch zone → ➡️ No trade until it either breaks 25,200 (buy) OR falls below 25,085 (sell).

🔄 Recommendation Watch first 15–30 min of today’s session for direction.

Trade small lot size with strict SL since it’s near a decision zone.

OVERVIEW :- 

Nifty Futures (25,167) based on the given chart with technical + pivot levels + short/medium/long-term view + fundamental context:

✅ Technical View Current Trend:

Price has rebounded from 24,919 (Fib 1.0) and is consolidating near Fib 0.382 – 25,183 zone.

RSI is approaching overbought (near 70) → may face short-term resistance.

Immediate resistance: 25,200–25,250 (Fib top & previous swing high).

Immediate support: 25,085 (Fib 0.5) and 25,046 (Fib 0.618).

Price Action Signals:

If Nifty sustains above 25,200, it may trigger a bullish breakout towards 25,300–25,350.

If it fails to hold 25,085, a pullback towards 25,046 → 24,950 is likely.

✅ Pivot Levels (Intraday/Short Term) Pivot Point: ~25,130

Resistance Levels:

R1: 25,200

R2: 25,250

R3: 25,350

Support Levels:

S1: 25,085

S2: 25,046

S3: 24,950

✅ Trade Setup 🔹 For Intraday / Short Term Buy above: 25,200

Target: 25,250 → 25,300

Stop-loss: 25,140

Sell below: 25,085

Target: 25,046 → 24,950

Stop-loss: 25,150

✅ Medium-Term View (1–2 weeks) Nifty is in a consolidation zone between 24,900–25,300.

A close above 25,300 will confirm continuation of the bullish trend, targeting 25,500+.

A break below 24,900 will open downside towards 24,700–24,500.

✅ Long-Term View (1–3 months) Structurally, Nifty remains bullish as long as it holds 24,500–24,700 support.

Any dip towards 24,800–24,600 will be a buying opportunity for positional traders targeting 26,000+ in next quarter.

✅ Fundamental View Global cues: US markets are stable, crude oil is under control, and FII inflows are neutral → no strong negative triggers.

India Macro: Corporate earnings are improving, inflation is moderating, RBI likely to keep rates steady → supportive for equities.

Sector rotation: IT & Banks leading → supports Nifty’s upside momentum.

Hence, fundamentals remain supportive for medium-to-long term bullishness.

✅ Summary Intraday: Watch 25,200 → breakout gives buy trade, failure leads to sell-off towards 25,046–24,950.

Medium term: Sideways consolidation, bullish bias above 24,900.

Long term: Bullish, dips are buying opportunities.