📊 NIFTY50 – 1H CHART ANALYSIS
CMP: 23,795
Resistance: 24,150 – 24,200
Support: 23,900 – 23,950
Clear breakdown below key support
No buying strength visible right now
Price rejected perfectly from resistance
Then strong selling came after support break
Bull Case:
Only if price reclaims 23,950
Then bounce possible towards 24,100+
Bear Case:
Below 23,900 → downside continuation
Next major support: 23,100 – 23,150
Key Level: 23,900 (Decision zone)
Smart Money View:
Clean liquidity grab above → then dump
Retail trapped on upside
Strategy:
Sell on pullbacks
Avoid buying in middle
Bias: Bearish 🔻
CMP: 23,795
Resistance: 24,150 – 24,200
Support: 23,900 – 23,950
Clear breakdown below key support
No buying strength visible right now
Price rejected perfectly from resistance
Then strong selling came after support break
Bull Case:
Only if price reclaims 23,950
Then bounce possible towards 24,100+
Bear Case:
Below 23,900 → downside continuation
Next major support: 23,100 – 23,150
Key Level: 23,900 (Decision zone)
Smart Money View:
Clean liquidity grab above → then dump
Retail trapped on upside
Strategy:
Sell on pullbacks
Avoid buying in middle
Bias: Bearish 🔻
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.