NIFTY Current Market Structure
Spot Level
NIFTY Close: 23,664.35
RSI (14): 62.27 (bullish momentum) - 5M Chart
Price is trading above short-term support and recovering from point C.
Support Zones
23,640
23,618
23,462
23,262 (major swing support)
Resistance Zones
23,728 – 23,800
24,016
24,104 (Pattern D / final target)
24,482 (higher breakout target)
Harmonic Projection
The green projection indicates price moving from the current region toward point D.
Expected Upside
Current Price: 23,664
Target D: 24,104
Projected Gain: ≈ 462 points (+1.95%)
Trading Interpretation
Bullish Scenario
If NIFTY sustains above 23,640–23,618, the harmonic setup remains valid and price can advance toward:
23,800
24,016
24,104 (Primary Harmonic Target)
Invalidation
A decisive break below 23,618 weakens the structure.
A fall below 23,462 would invalidate the bullish setup.
RSI Confirmation
Current RSI above 50
Recent bullish crossover
Positive momentum building
This supports the bullish harmonic thesis.
Transaction en cours
We were able to capture all 450 points from our entry levels. Trade done. Next will be from 23,700 to 24,200
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.