Nifty Futures overview 6/4/2026 4.00 pm

 

Nifty Futures (based on your chart) 👇

📊 Trend Analysis (Chart Reading) Structure shows Lower Highs + Lower Lows → Clear Downtrend 📉

Price rejected twice near 27,000 zone (double top / supply zone marked in red)

Sharp fall towards 22,800–23,000 support zone

Currently attempting a dead cat bounce / pullback

👉 Trend: Bearish (Pullback Phase)

📌 Key Levels (From Chart) Resistance 1: 23,500

Resistance 2: 24,000

Major Resistance: 26,800 – 27,000

Immediate Support: 22,800

Strong Support: 22,200

Breakdown Zone: Below 22,200 → more downside

🎯 Trading Setup 🔻 SELL ON RISE (High Probability Trade) Entry: 23,300 – 23,600

Stop Loss: 24,100

Target 1: 22,800

Target 2: 22,200

Target 3: 21,500

✅ BUY (Only for Bounce Trade – Risky) Entry: 22,700 – 22,900

Stop Loss: 22,200

Target 1: 23,400

Target 2: 24,000

👉 Counter-trend trade (low conviction)

📈 Indicator View RSI: Near oversold → Bounce possible

Price Action: Breakdown + Pullback

Structure: Weak (no higher high formation)

📊 Probability Analysis Bearish Continuation: 70%

Short-term Bounce: 30%

👉 Reason:

Strong rejection from supply zones

Continuous lower highs

Momentum still weak

⏳ Timeframe View 🔹 Short Term (1–5 Days) Bounce possible up to 23,500–24,000

Selling pressure likely to resume

👉 Bias: Sell on Rise

🔹 Medium Term (2–4 Weeks) If 22,200 breaks → 21,500 / 21,000 possible

Trend remains weak unless above 24,500

👉 Bias: Bearish

🔹 Long Term (2–3 Months) Market needs to reclaim 25,500–26,000 for bullish reversal

Until then → consolidation to bearish

👉 Bias: Sideways to Bearish

🧠 Trading Strategy ✔ Prefer shorting on pullbacks ✔ Avoid aggressive buying ✔ Follow strict stop loss (volatile zone)

⚠️ Final View 👉 “Market is in downtrend – rallies are selling opportunities” 👉 Only positional strength above 24,500+