# 📊 NIFTY ANALYSIS | WEDNESDAY, 15 JULY 2026 | DAILY → 4H → 1H → 15M → 5M 🔥
**Previous Close:** **24,052.05**
**Change:** **-158.95 (-0.66%)**
NIFTY ended lower after facing sustained selling pressure throughout the session. The index failed to hold above the important **24,100-24,120** zone and closed just above the psychological **24,000** support. The latest option chain shows **aggressive Call writing at 24,100** and **strong Put support at 24,000**, suggesting institutions expect a battle around these levels before the next directional move. Markets continue their favorite hobby: making both bulls and bears feel clever for about twenty minutes each.
---
# 📌 PREVIOUS SESSION OHLC (14 JULY 2026)
* **Open:** 24,068.00
* **High:** 24,157.10
* **Low:** 24,023.70
* **Close:** **24,052.05**
---
# 📈 DAILY CHART ANALYSIS
* Price closed below the short-term moving averages after failing to sustain above 24,150.
* Volume Profile shows rejection from the **POC near 24,213**, confirming heavy overhead supply.
* The broader trend remains inside a consolidation, but short-term momentum has shifted to the bears.
* RSI cooled near the neutral zone, indicating momentum has weakened without entering oversold territory.
* Bulls must reclaim 24,120 to regain control.
---
# 📊 DAILY FIBONACCI LEVELS
**Swing High:** 26,354.05
**Swing Low:** 22,184.45
| Fibonacci Level | Price |
| --------------- | ------------: |
| 23.6% | **23,168.50** |
| 38.2% | **23,777.25** |
| 50.0% | **24,269.25** |
| 61.8% | **24,761.25** |
| 65.0% | **24,894.70** |
| 78.6% | **25,461.75** |
| 1.618 Extension | **26,098.50** |
### Institutional Interpretation
* NIFTY remains below the **50% Fibonacci level (24,269)**.
* As long as price trades below 24,269, rallies may continue to face supply.
* Long-term recovery remains intact while **23,777** holds.
---
# 🏦 MARKET BIAS
🟢 **Bullish Above:** **24,120**
🟡 **Range Bound:** **24,000 – 24,120**
🔴 **Bearish Below:** **24,000**
---
# 🏛️ INSTITUTIONAL VIEW
### Market Regime
Consolidation with a bearish short-term bias.
### Control
Call writers remain dominant above 24,100 while put writers defend 24,000.
### Immediate Resistance
* 24,100
* 24,120
* 24,213 (Volume Profile POC)
* 24,270
### Immediate Support
* 24,000
* 23,950
* 23,900
* 23,777
---
# 📊 OPTION CHAIN VIEW
### ATM Strike
**24,000**
### Maximum Call OI
✅ **24,100** (97,903)
### Maximum Put OI
✅ **24,000** (81,899)
### Fresh Call Writing
* **24,100** (Strongest)
* 24,200
* 24,300
* 24,400
* 24,500
### Fresh Put Writing
* **24,000** (Strongest)
* 24,100
* 23,800
* 23,700
* 23,600
### Institutional Interpretation
* Heavy Call writing at **24,100** creates the first major resistance.
* Strong Put writing at **24,000** provides immediate downside support.
* Expect consolidation between **24,000 and 24,100** unless one side absorbs the institutional positions.
---
# 📊 VOLUME PROFILE ANALYSIS
### Point of Control (POC)
**24,213**
### High Volume Node
**24,180 – 24,220**
### Interpretation
* Price remains below the POC, keeping sellers in control.
* Acceptance above **24,213** would improve bullish momentum.
* Failure to reclaim the POC keeps downside pressure intact.
---
# 🟢 HIGH PROBABILITY CE TRADE
### Setup
15-minute close above **24,120**
### Confirmation
* Successful retest
* RSI above 55
* Strong buying volume
### Stop Loss
24,050
### Targets
* **T1:** 24,180
* **T2:** 24,213
* **T3:** 24,270
### Probability
**35%**
---
# 🔴 HIGH PROBABILITY PE TRADE
### Setup
15-minute close below **24,000**
### Confirmation
* Failed retest of 24,000
* RSI below 45
* Strong selling volume
### Stop Loss
24,070
### Targets
* **T1:** 23,950
* **T2:** 23,900
* **T3:** 23,777
### Probability
**40%**
---
# 📈 MULTI-TIMEFRAME ANALYSIS
## 4H Timeframe
**Trend:** Neutral to Bearish
**Support:** 24,000 / 23,900
**Resistance:** 24,120 / 24,213
---
## 1H Timeframe
**Trend:** Bearish
Momentum remains weak below the Volume Profile POC.
---
## 15-MIN Timeframe
**Immediate Resistance**
* 24,100
* 24,120
* 24,213
**Immediate Support**
* 24,000
* 23,950
* 23,900
---
## 5-MIN EXECUTION PLAN
### CE Buyers
Enter only after a confirmed breakout above **24,120**.
Targets:
24,180 → 24,213 → 24,270
### PE Buyers
Enter after a confirmed breakdown below **24,000**.
Targets:
23,950 → 23,900 → 23,777
---
# 🎯 TRADING SCENARIOS
### 🟢 Scenario 1: Bullish Recovery
**Probability:** 35%
**Trigger:** Sustained move above **24,120**
**Targets:** 24,180 → 24,213 → 24,270
---
### 🟡 Scenario 2: Sideways Market
**Probability:** 40%
**Range:** 24,000 – 24,100
Avoid aggressive option buying inside this range.
---
### 🔴 Scenario 3: Bearish Breakdown
**Probability:** 25%
**Trigger:** Sustained move below **24,000**
**Targets:** 23,950 → 23,900 → 23,777
---
# ⚠️ INVALIDATION LEVELS
### Bullish View Invalid
15-minute close below **24,000**
### Bearish View Invalid
Sustained close above **24,120**
---
# 💡 KEY TRADER NOTE
* **24,000** is the session's most important support, reinforced by the highest Put Open Interest.
* **24,100** is the strongest resistance due to the highest Call Open Interest and aggressive fresh call writing.
* **24,213 (Volume Profile POC)** remains the key institutional resistance. Reclaiming it would significantly improve the bullish outlook.
* Until price breaks decisively outside **24,000-24,120**, expect a choppy market where patience is likely to outperform prediction.
#Nifty50 #TechnicalAnalysis #PriceAction #OptionTrading #StockMarketIndia #IntradayTrading #SwingTrading #BankNifty #Fibonacci #SupportAndResistance #Options #NSE #TradingStrategy #MarketStructure #VolumeAnalysis #SmartMoney #TechnicalCharts #MomentumTrading #IndianStockMarket #RiskManagement
**Previous Close:** **24,052.05**
**Change:** **-158.95 (-0.66%)**
NIFTY ended lower after facing sustained selling pressure throughout the session. The index failed to hold above the important **24,100-24,120** zone and closed just above the psychological **24,000** support. The latest option chain shows **aggressive Call writing at 24,100** and **strong Put support at 24,000**, suggesting institutions expect a battle around these levels before the next directional move. Markets continue their favorite hobby: making both bulls and bears feel clever for about twenty minutes each.
---
# 📌 PREVIOUS SESSION OHLC (14 JULY 2026)
* **Open:** 24,068.00
* **High:** 24,157.10
* **Low:** 24,023.70
* **Close:** **24,052.05**
---
# 📈 DAILY CHART ANALYSIS
* Price closed below the short-term moving averages after failing to sustain above 24,150.
* Volume Profile shows rejection from the **POC near 24,213**, confirming heavy overhead supply.
* The broader trend remains inside a consolidation, but short-term momentum has shifted to the bears.
* RSI cooled near the neutral zone, indicating momentum has weakened without entering oversold territory.
* Bulls must reclaim 24,120 to regain control.
---
# 📊 DAILY FIBONACCI LEVELS
**Swing High:** 26,354.05
**Swing Low:** 22,184.45
| Fibonacci Level | Price |
| --------------- | ------------: |
| 23.6% | **23,168.50** |
| 38.2% | **23,777.25** |
| 50.0% | **24,269.25** |
| 61.8% | **24,761.25** |
| 65.0% | **24,894.70** |
| 78.6% | **25,461.75** |
| 1.618 Extension | **26,098.50** |
### Institutional Interpretation
* NIFTY remains below the **50% Fibonacci level (24,269)**.
* As long as price trades below 24,269, rallies may continue to face supply.
* Long-term recovery remains intact while **23,777** holds.
---
# 🏦 MARKET BIAS
🟢 **Bullish Above:** **24,120**
🟡 **Range Bound:** **24,000 – 24,120**
🔴 **Bearish Below:** **24,000**
---
# 🏛️ INSTITUTIONAL VIEW
### Market Regime
Consolidation with a bearish short-term bias.
### Control
Call writers remain dominant above 24,100 while put writers defend 24,000.
### Immediate Resistance
* 24,100
* 24,120
* 24,213 (Volume Profile POC)
* 24,270
### Immediate Support
* 24,000
* 23,950
* 23,900
* 23,777
---
# 📊 OPTION CHAIN VIEW
### ATM Strike
**24,000**
### Maximum Call OI
✅ **24,100** (97,903)
### Maximum Put OI
✅ **24,000** (81,899)
### Fresh Call Writing
* **24,100** (Strongest)
* 24,200
* 24,300
* 24,400
* 24,500
### Fresh Put Writing
* **24,000** (Strongest)
* 24,100
* 23,800
* 23,700
* 23,600
### Institutional Interpretation
* Heavy Call writing at **24,100** creates the first major resistance.
* Strong Put writing at **24,000** provides immediate downside support.
* Expect consolidation between **24,000 and 24,100** unless one side absorbs the institutional positions.
---
# 📊 VOLUME PROFILE ANALYSIS
### Point of Control (POC)
**24,213**
### High Volume Node
**24,180 – 24,220**
### Interpretation
* Price remains below the POC, keeping sellers in control.
* Acceptance above **24,213** would improve bullish momentum.
* Failure to reclaim the POC keeps downside pressure intact.
---
# 🟢 HIGH PROBABILITY CE TRADE
### Setup
15-minute close above **24,120**
### Confirmation
* Successful retest
* RSI above 55
* Strong buying volume
### Stop Loss
24,050
### Targets
* **T1:** 24,180
* **T2:** 24,213
* **T3:** 24,270
### Probability
**35%**
---
# 🔴 HIGH PROBABILITY PE TRADE
### Setup
15-minute close below **24,000**
### Confirmation
* Failed retest of 24,000
* RSI below 45
* Strong selling volume
### Stop Loss
24,070
### Targets
* **T1:** 23,950
* **T2:** 23,900
* **T3:** 23,777
### Probability
**40%**
---
# 📈 MULTI-TIMEFRAME ANALYSIS
## 4H Timeframe
**Trend:** Neutral to Bearish
**Support:** 24,000 / 23,900
**Resistance:** 24,120 / 24,213
---
## 1H Timeframe
**Trend:** Bearish
Momentum remains weak below the Volume Profile POC.
---
## 15-MIN Timeframe
**Immediate Resistance**
* 24,100
* 24,120
* 24,213
**Immediate Support**
* 24,000
* 23,950
* 23,900
---
## 5-MIN EXECUTION PLAN
### CE Buyers
Enter only after a confirmed breakout above **24,120**.
Targets:
24,180 → 24,213 → 24,270
### PE Buyers
Enter after a confirmed breakdown below **24,000**.
Targets:
23,950 → 23,900 → 23,777
---
# 🎯 TRADING SCENARIOS
### 🟢 Scenario 1: Bullish Recovery
**Probability:** 35%
**Trigger:** Sustained move above **24,120**
**Targets:** 24,180 → 24,213 → 24,270
---
### 🟡 Scenario 2: Sideways Market
**Probability:** 40%
**Range:** 24,000 – 24,100
Avoid aggressive option buying inside this range.
---
### 🔴 Scenario 3: Bearish Breakdown
**Probability:** 25%
**Trigger:** Sustained move below **24,000**
**Targets:** 23,950 → 23,900 → 23,777
---
# ⚠️ INVALIDATION LEVELS
### Bullish View Invalid
15-minute close below **24,000**
### Bearish View Invalid
Sustained close above **24,120**
---
# 💡 KEY TRADER NOTE
* **24,000** is the session's most important support, reinforced by the highest Put Open Interest.
* **24,100** is the strongest resistance due to the highest Call Open Interest and aggressive fresh call writing.
* **24,213 (Volume Profile POC)** remains the key institutional resistance. Reclaiming it would significantly improve the bullish outlook.
* Until price breaks decisively outside **24,000-24,120**, expect a choppy market where patience is likely to outperform prediction.
#Nifty50 #TechnicalAnalysis #PriceAction #OptionTrading #StockMarketIndia #IntradayTrading #SwingTrading #BankNifty #Fibonacci #SupportAndResistance #Options #NSE #TradingStrategy #MarketStructure #VolumeAnalysis #SmartMoney #TechnicalCharts #MomentumTrading #IndianStockMarket #RiskManagement
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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.