NIFTY 50 intraday + next-day technical analysis based on the chart you provided (Nifty 5-min).
✅ TECHNICAL VIEW (Based on Your Chart) 1️⃣ Trend Structure Market made a lower-high lower-low structure → shows intraday downtrend.
Strong sell-off after failing near 26,000 zone.
Price is currently sitting near Fibonacci 0.5–0.618 retracement zone → an important reaction zone.
✅ SUPPORT & RESISTANCE LEVELS 🔻 Immediate Supports Level Reason 25,860 – 25,870 Fibonacci 0.5 + minor demand zone 25,806 Fibonacci 0.786 + major support 25,752 Fibonacci 1.000 (swing low target)
🔺 Immediate Resistances Level Reason 25,920 – 25,940 Intraday order block + past range resistance 25,987 Fibonacci 0.382 + supply zone 26,003 – 26,020 Major resistance + previous intraday high
📌 RSI VIEW RSI fell below 30 → oversold zone.
This indicates:
A possible short-covering bounce, OR
If the bounce is weak → fresh selling may re-enter.
📈 NEXT DAY VIEW & TRADE PLAN SCENARIO 1: If Nifty Opens ABOVE 25,880 and sustains ➡ Side: Buy (Pullback Rally) Entry: 25,885 – 25,900 Target 1: 25,940 Target 2: 25,987 Target 3: 26,020 Stop-Loss: 25,850
Reason: Reversal from Fibonacci 0.5–0.618 + RSI bounce.
SCENARIO 2: If Nifty Opens BELOW 25,850 and fails ➡ Side: Sell (Trend Continuation) Entry: 25,845 – 25,830 Target 1: 25,806 Target 2: 25,760 Target 3: 25,720 Stop-Loss: 25,900
Reason: Breakdown below support + continuation of lower lows.
📉 WHICH SIDE TREND WILL GIVE PROFIT? If Price Holds Above 25,880: ✅ Expect upward pullback rally 🔹 Best for BUY trades up to 26,000.
If Price Breaks Below 25,850: ⚠ Strong downtrend continuation 🔹 Best for SELL trades targeting 25,806 → 25,760.
🧭 FINAL SUMMARY Trend is bearish, but nearing support + oversold levels.
A bounce is possible if Nifty holds above 25,880.
A fresh fall will come if 25,850 breaks.
Follow the zones strictly for profit.
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