NIFTY currently trading around the 0.7 Fibonacci retracement (~25,838) which is acting as an immediate decision level.
📊 Market Structure:
• Overall structure still corrective (range bound after displacement)
• Sharp rejection candle near highs = possible distribution wick
• Price approaching higher timeframe supply
🧠 Key Levels:
🔼 Strong Supply Zone: 25,993 – 26,173
If price reaches this zone → look for bearish confirmation
🔽 Support Levels:
25,838 – Intraday decision level
25,477 – Major support (0.5 level)
24,573 – Swing low (liquidity pool)
📍 Trading Plan:
Bullish above 25,838 with continuation towards supply zone 25993-26173
Bearish only after rejection inside supply zone
Wait for confirmation (BOS / CHoCH / liquidity grab) — no blind entries.
Note: I am not a SEBI registered research analyst. Hence, this post is for Educational Purpose only.
Regards
Bull Man
📊 Market Structure:
• Overall structure still corrective (range bound after displacement)
• Sharp rejection candle near highs = possible distribution wick
• Price approaching higher timeframe supply
🧠 Key Levels:
🔼 Strong Supply Zone: 25,993 – 26,173
If price reaches this zone → look for bearish confirmation
🔽 Support Levels:
25,838 – Intraday decision level
25,477 – Major support (0.5 level)
24,573 – Swing low (liquidity pool)
📍 Trading Plan:
Bullish above 25,838 with continuation towards supply zone 25993-26173
Bearish only after rejection inside supply zone
Wait for confirmation (BOS / CHoCH / liquidity grab) — no blind entries.
Note: I am not a SEBI registered research analyst. Hence, this post is for Educational Purpose only.
Regards
Bull Man
Trade closed: target reached
Target is done and dusted!!!
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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.