# 📊 NIFTY ANALYSIS | TUESDAY, 21 JULY 2026 | DAILY → 4H → 1H → 15M → 5M 🔥
**Previous Close:** **24,238.50**
**Change:** **-95.80 (-0.39%)**
NIFTY witnessed a mild profit-booking session after Friday's sharp rally. Despite the decline, the index respected the major institutional demand zone and continued to trade **above the Volume Profile Point of Control (24,196.35)**. The inability of bears to push the index below the POC suggests that the broader bullish structure remains intact, although momentum has cooled. The next session is likely to revolve around whether buyers can reclaim the day's high or whether sellers drag price back below the institutional acceptance zone. Markets remain wonderfully committed to turning simple trends into doctoral theses.
---
# 📌 PREVIOUS SESSION OHLC (20 JULY 2026)
* **Open:** **24,190.05**
* **High:** **24,266.10**
* **Low:** **24,135.85**
* **Close:** **24,238.50**
---
# 📈 DAILY CHART ANALYSIS
* Price continues to trade **above the Volume Profile POC (24,196.35)**.
* The session formed a healthy pullback after Friday's breakout instead of aggressive selling.
* RSI remains above the neutral zone, indicating bullish momentum has weakened but has not reversed.
* The broader structure still shows higher highs and higher lows.
* A decisive move above Monday's high would confirm continuation of the uptrend.
---
# 📊 DAILY FIBONACCI LEVELS
**Swing High:** **26,373.20**
**Swing Low:** **22,182.55**
| Fibonacci Level | Price |
| --------------- | ------------: |
| 23.6% | **23,168.50** |
| 38.2% | **23,620.95** |
| 50.0% | **23,793.65** |
| 61.8% | **23,966.35** |
| 65.0% | **24,013.20** |
| 78.6% | **24,212.25** |
| 1.618 Extension | **25,440.55** |
### Institutional Interpretation
* Price continues to hold above **24,212.25 (78.6% Fibonacci)**.
* This keeps the medium-term bullish structure intact.
* Failure below **24,212.25** would shift focus toward **24,013.20**.
---
# 🏦 MARKET BIAS
🟢 **Bullish Above:** **24,266.10** *(Previous Session High)*
🟡 **Range Bound:** **24,196.35 – 24,266.10**
🔴 **Bearish Below:** **24,196.35** *(Volume Profile POC)*
---
# 🏛️ INSTITUTIONAL VIEW
### Market Regime
**Bullish Consolidation**
### Institutional Control
Buyers continue to defend the acceptance zone near the POC.
### Immediate Resistance
* **24,266.10** (Previous High)
* **24,334.30** (Recent Swing Close)
* **24,367.30** (Major Swing High)
### Immediate Support
* **24,196.35** (Volume Profile POC)
* **24,135.85** (Previous Session Low)
* **24,013.20** (65% Fibonacci)
* **23,966.35** (61.8% Fibonacci)
---
# 📊 OPTION CHAIN VIEW
### Institutional Interpretation
* Option positioning remains concentrated around the **24,200 strike**, making it the key pivot for the session.
* Call writers are expected to defend higher strikes near the recent highs.
* Put writers continue supporting the 24,200 region, indicating buyers are still active unless this level is lost decisively.
---
# 📊 VOLUME PROFILE ANALYSIS
### Point of Control (POC)
**24,196.35**
### High Volume Zone
**24,170 – 24,230**
### Interpretation
* Price closed above the POC, indicating continued institutional acceptance.
* As long as NIFTY trades above **24,196.35**, dips are likely to attract buying.
* A close below the POC would increase the probability of testing **24,135.85**.
---
# 🟢 HIGH PROBABILITY CE TRADE
### Setup
**15-minute candle closes above 24,266.10**
### Confirmation
* Retest holds above **24,266.10**
* RSI above **60**
* Strong buying volume
### Stop Loss
**24,196.35** *(Volume Profile POC)*
### Targets
* **T1:** **24,334.30**
* **T2:** **24,367.30**
* **T3:** **24,525.45** *(Recent structural resistance visible on chart)*
### Probability
**60%**
---
# 🔴 HIGH PROBABILITY PE TRADE
### Setup
**15-minute candle closes below 24,196.35 (POC)**
### Confirmation
* Failed retest of the POC
* RSI below **45**
* Rising selling volume
### Stop Loss
**24,266.10**
### Targets
* **T1:** **24,135.85**
* **T2:** **24,013.20**
* **T3:** **23,966.35**
### Probability
**40%**
---
# 📈 MULTI-TIMEFRAME ANALYSIS
## 📅 Daily
**Trend:** Bullish
The larger trend remains positive while price holds above the POC and Fibonacci support.
---
## ⏰ 4H
**Trend:** Bullish to Neutral
Support continues to develop above **24,196.35**.
---
## ⏰ 1H
**Trend:** Consolidation
Momentum has slowed after Friday's rally, but sellers have not established control.
---
## ⏰ 15-Minute
### Resistance
* **24,266.10**
* **24,334.30**
* **24,367.30**
### Support
* **24,196.35**
* **24,135.85**
* **24,013.20**
---
## ⏰ 5-Minute Execution Plan
### CE Buyers
Wait for a breakout and acceptance above **24,266.10**.
**Targets**
24,334.30 → 24,367.30 → 24,525.45
### PE Buyers
Enter only after a sustained breakdown below **24,196.35**.
**Targets**
24,135.85 → 24,013.20 → 23,966.35
---
# 🎯 TRADING SCENARIOS
### 🟢 Scenario 1: Bullish Continuation
**Probability:** **55%**
**Trigger:** Sustained move above **24,266.10**
**Targets:** 24,334.30 → 24,367.30 → 24,525.45
---
### 🟡 Scenario 2: Sideways Consolidation
**Probability:** **30%**
**Range:** **24,196.35 – 24,266.10**
Avoid aggressive option buying inside this range.
---
### 🔴 Scenario 3: Bearish Breakdown
**Probability:** **15%**
**Trigger:** Sustained move below **24,196.35**
**Targets:** 24,135.85 → 24,013.20 → 23,966.35
---
# ⚠️ INVALIDATION LEVELS
### Bullish View Invalid
**15-minute close below 24,196.35 (POC)**
### Bearish View Invalid
**Sustained close above 24,266.10**
---
# 💡 KEY TRADER NOTE
* **24,196.35 (POC)** is the most important institutional level for Tuesday's session.
* **24,266.10** is the breakout trigger that buyers need to reclaim for trend continuation.
* **24,135.85** is the first structural support. Losing it would expose **24,013.20** and **23,966.35**.
* Until price decisively breaks above **24,266.10** or below **24,196.35**, expect rotational movement rather than a one-sided trend. The cleanest trades will likely come only after price escapes this institutional value area.
#Nifty50 #TechnicalAnalysis #PriceAction #OptionTrading #StockMarketIndia #IntradayTrading #SwingTrading #BankNifty #Fibonacci #SupportAndResistance #Options #NSE #TradingStrategy #MarketStructure #VolumeAnalysis #SmartMoney #TechnicalCharts #MomentumTrading #IndianStockMarket #RiskManagement
**Previous Close:** **24,238.50**
**Change:** **-95.80 (-0.39%)**
NIFTY witnessed a mild profit-booking session after Friday's sharp rally. Despite the decline, the index respected the major institutional demand zone and continued to trade **above the Volume Profile Point of Control (24,196.35)**. The inability of bears to push the index below the POC suggests that the broader bullish structure remains intact, although momentum has cooled. The next session is likely to revolve around whether buyers can reclaim the day's high or whether sellers drag price back below the institutional acceptance zone. Markets remain wonderfully committed to turning simple trends into doctoral theses.
---
# 📌 PREVIOUS SESSION OHLC (20 JULY 2026)
* **Open:** **24,190.05**
* **High:** **24,266.10**
* **Low:** **24,135.85**
* **Close:** **24,238.50**
---
# 📈 DAILY CHART ANALYSIS
* Price continues to trade **above the Volume Profile POC (24,196.35)**.
* The session formed a healthy pullback after Friday's breakout instead of aggressive selling.
* RSI remains above the neutral zone, indicating bullish momentum has weakened but has not reversed.
* The broader structure still shows higher highs and higher lows.
* A decisive move above Monday's high would confirm continuation of the uptrend.
---
# 📊 DAILY FIBONACCI LEVELS
**Swing High:** **26,373.20**
**Swing Low:** **22,182.55**
| Fibonacci Level | Price |
| --------------- | ------------: |
| 23.6% | **23,168.50** |
| 38.2% | **23,620.95** |
| 50.0% | **23,793.65** |
| 61.8% | **23,966.35** |
| 65.0% | **24,013.20** |
| 78.6% | **24,212.25** |
| 1.618 Extension | **25,440.55** |
### Institutional Interpretation
* Price continues to hold above **24,212.25 (78.6% Fibonacci)**.
* This keeps the medium-term bullish structure intact.
* Failure below **24,212.25** would shift focus toward **24,013.20**.
---
# 🏦 MARKET BIAS
🟢 **Bullish Above:** **24,266.10** *(Previous Session High)*
🟡 **Range Bound:** **24,196.35 – 24,266.10**
🔴 **Bearish Below:** **24,196.35** *(Volume Profile POC)*
---
# 🏛️ INSTITUTIONAL VIEW
### Market Regime
**Bullish Consolidation**
### Institutional Control
Buyers continue to defend the acceptance zone near the POC.
### Immediate Resistance
* **24,266.10** (Previous High)
* **24,334.30** (Recent Swing Close)
* **24,367.30** (Major Swing High)
### Immediate Support
* **24,196.35** (Volume Profile POC)
* **24,135.85** (Previous Session Low)
* **24,013.20** (65% Fibonacci)
* **23,966.35** (61.8% Fibonacci)
---
# 📊 OPTION CHAIN VIEW
### Institutional Interpretation
* Option positioning remains concentrated around the **24,200 strike**, making it the key pivot for the session.
* Call writers are expected to defend higher strikes near the recent highs.
* Put writers continue supporting the 24,200 region, indicating buyers are still active unless this level is lost decisively.
---
# 📊 VOLUME PROFILE ANALYSIS
### Point of Control (POC)
**24,196.35**
### High Volume Zone
**24,170 – 24,230**
### Interpretation
* Price closed above the POC, indicating continued institutional acceptance.
* As long as NIFTY trades above **24,196.35**, dips are likely to attract buying.
* A close below the POC would increase the probability of testing **24,135.85**.
---
# 🟢 HIGH PROBABILITY CE TRADE
### Setup
**15-minute candle closes above 24,266.10**
### Confirmation
* Retest holds above **24,266.10**
* RSI above **60**
* Strong buying volume
### Stop Loss
**24,196.35** *(Volume Profile POC)*
### Targets
* **T1:** **24,334.30**
* **T2:** **24,367.30**
* **T3:** **24,525.45** *(Recent structural resistance visible on chart)*
### Probability
**60%**
---
# 🔴 HIGH PROBABILITY PE TRADE
### Setup
**15-minute candle closes below 24,196.35 (POC)**
### Confirmation
* Failed retest of the POC
* RSI below **45**
* Rising selling volume
### Stop Loss
**24,266.10**
### Targets
* **T1:** **24,135.85**
* **T2:** **24,013.20**
* **T3:** **23,966.35**
### Probability
**40%**
---
# 📈 MULTI-TIMEFRAME ANALYSIS
## 📅 Daily
**Trend:** Bullish
The larger trend remains positive while price holds above the POC and Fibonacci support.
---
## ⏰ 4H
**Trend:** Bullish to Neutral
Support continues to develop above **24,196.35**.
---
## ⏰ 1H
**Trend:** Consolidation
Momentum has slowed after Friday's rally, but sellers have not established control.
---
## ⏰ 15-Minute
### Resistance
* **24,266.10**
* **24,334.30**
* **24,367.30**
### Support
* **24,196.35**
* **24,135.85**
* **24,013.20**
---
## ⏰ 5-Minute Execution Plan
### CE Buyers
Wait for a breakout and acceptance above **24,266.10**.
**Targets**
24,334.30 → 24,367.30 → 24,525.45
### PE Buyers
Enter only after a sustained breakdown below **24,196.35**.
**Targets**
24,135.85 → 24,013.20 → 23,966.35
---
# 🎯 TRADING SCENARIOS
### 🟢 Scenario 1: Bullish Continuation
**Probability:** **55%**
**Trigger:** Sustained move above **24,266.10**
**Targets:** 24,334.30 → 24,367.30 → 24,525.45
---
### 🟡 Scenario 2: Sideways Consolidation
**Probability:** **30%**
**Range:** **24,196.35 – 24,266.10**
Avoid aggressive option buying inside this range.
---
### 🔴 Scenario 3: Bearish Breakdown
**Probability:** **15%**
**Trigger:** Sustained move below **24,196.35**
**Targets:** 24,135.85 → 24,013.20 → 23,966.35
---
# ⚠️ INVALIDATION LEVELS
### Bullish View Invalid
**15-minute close below 24,196.35 (POC)**
### Bearish View Invalid
**Sustained close above 24,266.10**
---
# 💡 KEY TRADER NOTE
* **24,196.35 (POC)** is the most important institutional level for Tuesday's session.
* **24,266.10** is the breakout trigger that buyers need to reclaim for trend continuation.
* **24,135.85** is the first structural support. Losing it would expose **24,013.20** and **23,966.35**.
* Until price decisively breaks above **24,266.10** or below **24,196.35**, expect rotational movement rather than a one-sided trend. The cleanest trades will likely come only after price escapes this institutional value area.
#Nifty50 #TechnicalAnalysis #PriceAction #OptionTrading #StockMarketIndia #IntradayTrading #SwingTrading #BankNifty #Fibonacci #SupportAndResistance #Options #NSE #TradingStrategy #MarketStructure #VolumeAnalysis #SmartMoney #TechnicalCharts #MomentumTrading #IndianStockMarket #RiskManagement
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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.