NIFTY - Intraday Trading Plan for 30-Oct-2026
📊 MARKET VIEW
NIFTY has recovered strongly from recent lows, but buyers must now prove their strength near 23,002. A sustained breakout may attract fresh buying, while rejection could bring price back towards support.
🔑 IMPORTANT LEVELS
🔴 Resistance: 23,175–23,223
🎯 Major Upside Target: 23,329
⚪ Decision Zone: 22,913–23,002
🟢 Opening Support: 22,835
🟢 Major Support: 22,730–22,755
🎯 Downside Target: 22,596
🟢 BULLISH SETUP — BUYERS TAKE CONTROL
Entry: Wait for a 15-minute candle to close above 23,002, then look for a successful retest.
Stop-Loss: Below the retest swing low.
Target 1: 23,175
Target 2: 23,223
Extended Target: 23,329
Why? A sustained breakout above 23,002 would indicate that buyers are overcoming nearby resistance. Short sellers may cover their positions, adding upward momentum.
Invalidation: If price falls back below 22,913 and fails to recover, bullish momentum weakens. Avoid chasing the breakout without confirmation.
🔴 BEARISH SETUP — SUPPORT GIVES WAY
Entry: Wait for a 15-minute candle to close below 22,835, followed by a failed retest.
Stop-Loss: Above the retest swing high.
Target 1: 22,755
Target 2: 22,596
Why? A confirmed breakdown may encourage sellers to enter and existing buyers to exit, accelerating the decline.
Invalidation: If price reclaims 22,835 and sustains above it, the bearish setup weakens.
🟠 NO-TRADE ZONE — 22,913–23,002
Price is inside a decision area where buyers and sellers may struggle for control. Avoid impulsive entries. Wait for a confirmed breakout above 23,002 or a breakdown below 22,835.
⏳ OPENING GAME PLAN
• Gap-up: Watch for acceptance above 23,002. Rejection near 23,175–23,223 may invite profit booking.
• Flat opening: Let the first 15–30 minutes establish direction before entering.
• Gap-down: Observe 22,835 and 22,730–22,755. A hold may trigger recovery; a confirmed breakdown may extend selling.
⚠️ RISK MANAGEMENT
Do not chase extended candles or trade emotionally. Define your stop-loss before entry and reduce position size when volatility rises. If confirmation is missing, staying out is a valid trade.
Disclaimer: I am not a SEBI-registered analyst. This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Trading involves substantial risk. Please conduct your own research and consult a SEBI-registered professional before making any investment or trading decision.
📊 MARKET VIEW
NIFTY has recovered strongly from recent lows, but buyers must now prove their strength near 23,002. A sustained breakout may attract fresh buying, while rejection could bring price back towards support.
🔑 IMPORTANT LEVELS
🔴 Resistance: 23,175–23,223
🎯 Major Upside Target: 23,329
⚪ Decision Zone: 22,913–23,002
🟢 Opening Support: 22,835
🟢 Major Support: 22,730–22,755
🎯 Downside Target: 22,596
🟢 BULLISH SETUP — BUYERS TAKE CONTROL
Entry: Wait for a 15-minute candle to close above 23,002, then look for a successful retest.
Stop-Loss: Below the retest swing low.
Target 1: 23,175
Target 2: 23,223
Extended Target: 23,329
Why? A sustained breakout above 23,002 would indicate that buyers are overcoming nearby resistance. Short sellers may cover their positions, adding upward momentum.
Invalidation: If price falls back below 22,913 and fails to recover, bullish momentum weakens. Avoid chasing the breakout without confirmation.
🔴 BEARISH SETUP — SUPPORT GIVES WAY
Entry: Wait for a 15-minute candle to close below 22,835, followed by a failed retest.
Stop-Loss: Above the retest swing high.
Target 1: 22,755
Target 2: 22,596
Why? A confirmed breakdown may encourage sellers to enter and existing buyers to exit, accelerating the decline.
Invalidation: If price reclaims 22,835 and sustains above it, the bearish setup weakens.
🟠 NO-TRADE ZONE — 22,913–23,002
Price is inside a decision area where buyers and sellers may struggle for control. Avoid impulsive entries. Wait for a confirmed breakout above 23,002 or a breakdown below 22,835.
⏳ OPENING GAME PLAN
• Gap-up: Watch for acceptance above 23,002. Rejection near 23,175–23,223 may invite profit booking.
• Flat opening: Let the first 15–30 minutes establish direction before entering.
• Gap-down: Observe 22,835 and 22,730–22,755. A hold may trigger recovery; a confirmed breakdown may extend selling.
⚠️ RISK MANAGEMENT
Do not chase extended candles or trade emotionally. Define your stop-loss before entry and reduce position size when volatility rises. If confirmation is missing, staying out is a valid trade.
Disclaimer: I am not a SEBI-registered analyst. This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Trading involves substantial risk. Please conduct your own research and consult a SEBI-registered professional before making any investment or trading decision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.