Nifty Intraday Outlook 16-07-2026

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NIFTY 15 Min: Support Hold or Breakdown?

NIFTY is trading near 24,070, holding above the important 24,010–24,000 support zone.

The chart is weak after rejection from higher levels, but price is still above support. Bulls need to reclaim 24,105–24,120 for recovery.

Key Levels

Resistance: 24,100–24,120
Target 1: 24,160
Target 2: 24,250–24,260

Support: 24,010–24,000
Demand Zone: 23,940
Lower Target: 23,860

Trade Plan

Bullish above 24,120
Targets: 24,160 / 24,250 / 24,260

Bearish below 24,000
Targets: 23,940 / 23,900 / 23,860

Support bounce near 24,000 only if bullish rejection appears.

View

NIFTY is not bullish yet. It is in a decision zone.

Above 24,120 → buyers active
Below 24,000 → sellers active
Inside range → wait patiently

Educational view only. Trade with strict risk management.

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