Nifty Futures 1-minute chart you provided:
Trend Analysis Short-term (Intraday, 1–15 min): Price is in a descending channel indicating a short-term bearish bias. The moving averages (9 EMA) are sloping downward, confirming this minor downtrend.
Medium-term (Intraday, 30–60 min): The price is consolidating near the lower channel boundary. Slight RSI recovery from oversold (~42) suggests potential short-term pullback.
Long-term (Daily/Weekly context): If we consider daily trends, the index is near previous support levels (~26,071). A break below this could extend the downtrend; holding above may resume a larger bullish trend.
Support & Resistance Levels Immediate Support: 26,071 (channel lower boundary)
Next Support: 26,050 (psychological)
Immediate Resistance: 26,105 (channel upper boundary)
Next Resistance: 26,138 (previous swing high)
Indicators RSI 14: ~47.9 – neutral, recovering from near-oversold levels → slight bullish divergence possible for a bounce.
EMA 9: Acting as dynamic resistance; price trading just below → trend still slightly bearish.
Trading Strategy Buy Scenario:
Entry: 26,085–26,090 if price breaks above the EMA and channel upper boundary.
Target: 26,105 (first), 26,138 (extended).
Stop Loss: 26,071 (channel bottom).
Sell Scenario:
Entry: 26,080–26,075 if price fails at EMA and channel resistance.
Target: 26,071 (first), 26,050 (extended).
Stop Loss: 26,105 (channel top).
Scalping Levels (1–3 points) Buy: 26,082 → Target 26,085/26,087, SL 26,078
Sell: 26,082 → Target 26,079/26,077, SL 26,086
✅ Summary:
Price is in a short-term downtrend within a descending channel.
RSI suggests a possible short-term bounce, but resistance near 26,105 is crucial.
Trade direction depends on channel breakout:
Break above → Buy
Rejection at EMA → Sell 1-minute chart you provided:
Trend Analysis Short-term (Intraday, 1–15 min): Price is in a descending channel indicating a short-term bearish bias. The moving averages (9 EMA) are sloping downward, confirming this minor downtrend.
Medium-term (Intraday, 30–60 min): The price is consolidating near the lower channel boundary. Slight RSI recovery from oversold (~42) suggests potential short-term pullback.
Long-term (Daily/Weekly context): If we consider daily trends, the index is near previous support levels (~26,071). A break below this could extend the downtrend; holding above may resume a larger bullish trend.
Support & Resistance Levels Immediate Support: 26,071 (channel lower boundary)
Next Support: 26,050 (psychological)
Immediate Resistance: 26,105 (channel upper boundary)
Next Resistance: 26,138 (previous swing high)
Indicators RSI 14: ~47.9 – neutral, recovering from near-oversold levels → slight bullish divergence possible for a bounce.
EMA 9: Acting as dynamic resistance; price trading just below → trend still slightly bearish.
Trading Strategy Buy Scenario:
Entry: 26,085–26,090 if price breaks above the EMA and channel upper boundary.
Target: 26,105 (first), 26,138 (extended).
Stop Loss: 26,071 (channel bottom).
Sell Scenario:
Entry: 26,080–26,075 if price fails at EMA and channel resistance.
Target: 26,071 (first), 26,050 (extended).
Stop Loss: 26,105 (channel top).
Scalping Levels (1–3 points) Buy: 26,082 → Target 26,085/26,087, SL 26,078
Sell: 26,082 → Target 26,079/26,077, SL 26,086
✅ Summary:
Price is in a short-term downtrend within a descending channel.
RSI suggests a possible short-term bounce, but resistance near 26,105 is crucial.
Trade direction depends on channel breakout:
Break above → Buy
Rejection at EMA → Sell
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