NIFTY FUTURES OVERVIEW

 

NIFTY FUTURES – Trade Setup (Based on Shared Chart)

📈 CMP: 24,173

✅ Buy Above: 24,180

🎯 Target 1 (2 Days): 24,300

🎯 Target 2 (2 Days): 24,450

🛑 Stop Loss: 24,040

🎯 Probability: 68%

📊 Potential Upside: 1.1% – 2.3%

⏳ Timeframe: 2 Days

📌 Technical View:

Price is trading above the 0.5 Fibonacci support zone (~23,825).

Recent higher lows indicate bullish momentum.

Oscillator is rising but nearing overbought territory, suggesting upside may continue with intermittent pullbacks.

Immediate resistance lies near 24,250–24,300, followed by 24,500+.

📈 Positional View (90 Days)

✅ Buy Zone: 24,100–24,200

🎯 Target: 25,000 – 25,400

🛑 Positional Stop Loss: 23,450 (Closing Basis)

🎯 Probability: 72%

📊 Potential Upside: 3.4% – 5.1%

⏳ Timeframe: 90 Days

📌 Positional View:

The chart shows a recovery from the June lows and a break above the falling trendline. If Nifty sustains above 24,000, the broader trend remains positive with potential to retest the 25,000–25,400 zone over the next few months.

⚖️ Risk : Reward Ratio

2 Days: 1 : 2.0

90 Days: 1 : 3.5

*SHREEJI FINANCE & INVESTMENT*