Intraday AnalysisOption Chain Analysis: Decoding Open Interest (OI) to find where the "Big Players" are positioned.
FII/DII Data: Understanding institutional activity and its impact on market direction.
Intraday Strategies: Scalping and swing setups using Price Action and key EMAs.
Global Market Cues: How GIFT Nifty and US Markets might influence our opening.
Technical Analysis
Wonder Electricals (D): MASSIVE VOLUME SURGETimeframe: Daily | Scale: Linear
For those tracking the consumer durables and electricals space, Wonder Electricals displayed exceptional momentum in today's session.
Explosive +16.34% surge today on a huge 16.98M volume spike following steady accumulation! 🔥
Technical Highlights:
✅ Resistance Test: Pushed intraday above short-term horizontal resistance (close pending).
⚠️ Next Hurdle: Compressing right below a long-term angular resistance active since Feb '25.
✅ Momentum: Short-term EMAs in positive crossover across Daily, Weekly & Monthly. MACD & RSI rising on all timeframes. 🚀
Key Levels to Watch:
🎯 Target 1: 165
🎯 Breakout Target 2: 180 (if angular resistance clears)
🛡️ Support / Invalidation: 150
Watch for a confirmed daily close above the resistance levels.
XAUUSD 8H — Rally at Resistance Market Structure:
XAUUSD remains in a strong bullish market structure, printing a series of higher highs and higher lows since early August. Price recently accelerated into a major resistance zone near 4,670–4,720 and is now consolidating just beneath that area. The primary trend is still bullish, but momentum appears to be slowing as buyers encounter overhead supply.
Key Zone:
🔴 Resistance/Supply: 4,670–4,720
🟢 Support/Demand: 4,480 area (first reaction level)
🟢 Major Demand: 4,200 area (deeper retracement zone)
Bullish Scenario:
If buyers can reclaim and close above the current resistance zone, the consolidation could act as a continuation pattern. A confirmed breakout and hold above resistance may open the door for another leg higher and continuation of the broader uptrend.
Bearish Scenario:
Repeated rejection from the resistance zone followed by a break of near-term support could trigger profit-taking. In that case, price may retrace toward the 4,480 support area, with a deeper correction potentially targeting the 4,200 zone shown on the chart.
Trade Idea:
📌 Rejection Setup:
Resistance Rejection → Bearish Confirmation Candle → Retest Failure → Continuation Lower
📌 Breakout Setup:
Break Above Resistance → Retest as Support → Bullish Continuation
Wait for confirmation rather than anticipating the move.
Invalidation:
A strong sustained breakout and acceptance above the resistance zone would invalidate the bearish retracement idea and reinforce bullish continuation.
Conclusion:
Price is testing a critical supply area after a powerful rally. The next move is likely to be determined by whether bulls can break resistance or sellers successfully defend it.
XAUUSD – Bearish Rejection at Channel Resistance
Gold has extended its bullish move and is now trading near the upper boundary of the ascending channel, where selling pressure is beginning to appear. Price has pushed into the upper Fibonacci area and is showing signs of rejection from the recent highs.
A failure to sustain above the recent high could lead to a corrective move toward the 0.618 Fibonacci level, followed by deeper retracement zones if bearish momentum strengthens. The key confirmation for sellers would be a break and close below the rising channel support, followed by a lower high.
As long as the channel remains intact, the broader structure is still bullish. However, a confirmed breakdown would shift the short-term bias toward a bearish correction.
XAUUSD – Bearish Wave Toward 4,500XAUUSD – Bearish Wave Toward 4,500
Gold is showing a short-term bearish Elliott Wave structure after failing to extend higher from the recent top. From Kelly’s view, price is now reacting under the wave 3 sell zone, which keeps the downside scenario active. If sellers stay in control, gold could continue lower, first into the liquidity buy zone, then deeper toward the end wave 5 area.
⟡ Market Structure
The current structure suggests gold may be building a fresh downside leg after the rejection near the upper resistance area. Price is now trading around 4,631, while the chart still shows pressure below the 4,638–4,646 sell zone.
As long as gold remains below this zone, the bearish wave sequence stays valid. The first area to watch on the downside is the dotted support near 4,595. If that level gives way, price may continue toward the 4,565–4,578 liquidity zone, where a short corrective bounce could appear before the next leg down.
If the bearish structure continues cleanly, the final downside target remains the 4,498–4,505 end wave 5 zone.
➤ Key Levels
◌ Current price: 4,631
◌ Sell zone wave 3: 4,638–4,646
◌ Intermediate support: 4,595
◌ Buy zone liquidity: 4,565–4,578
◌ End wave 5 target: 4,498–4,505
⌁ Trading Scenario
Primary bearish scenario
Entry: Sell around 4,638–4,646
Stop Loss: Above 4,655
Take Profit 1: 4,595
Take Profit 2: 4,565–4,578
Take Profit 3: 4,498–4,505
This setup follows the idea that gold is still moving inside a bearish wave sequence. A break below 4,595 would strengthen the move toward the lower liquidity area, and a deeper selloff could complete wave 5 near 4,500.
◌ Invalidation
The bearish view becomes weaker if gold reclaims and holds above 4,646–4,655, because that would suggest the current wave-down structure is failing and buyers are regaining control.
▸ Final View
For now, Kelly’s preferred view stays bearish. Gold is still trading under the wave 3 sell zone, so the path of least resistance remains lower unless buyers can reclaim resistance. The cleaner plan is to watch for rejection around the sell zone, then follow the move toward 4,595, 4,565–4,578, and potentially 4,498–4,505.
Do you think gold will complete wave 5 this week, or will buyers defend the liquidity zone first?
NIFTY — Is a Deeper Pullback Brewing ?Today’s candle managed to deliver a pullback from the recent weakness, bringing price back toward the 24,250–24,300 zone and closed 24231.
But the bigger question is — will this recovery sustain, or is it just a temporary pullback before selling resumes ?
The 24,231–24,300 zone remains the key area to watch. Failure to sustain above this zone could bring the downside levels back into focus.
Short Setup: 24,231–24,300
Invalidation / SL: 24,360
T1: 24,152
T2: 24,050 — near rising trendline support
T3: 23,940
T4: 23,818
Extended: 23,611
The reaction around 24,050 will be particularly important, as the rising trendline comes into play there.
Educational market structure and trade setup only. Not investment advice.
#NIFTY Intraday Support and Resistance Levels - 26/08/2026Nifty is expected to open with a gap up, keeping the index above the immediate support zone of 24,250. The opening structure is positive, and if the index sustains above 24,250, buyers may remain active during the session.
On the bullish side, a sustained move above 24,250–24,300 can provide an opportunity to take long positions. The first targets are 24,350, 24,400 and 24,450+. If momentum continues above 24,500, the next targets can be 24,650, 24,700 and 24,750+, with 24,750 acting as a major resistance zone.
On the bearish side, if the gap-up fails and Nifty slips back below 24,200, selling pressure can emerge. Short positions can be considered below 24,200, with targets of 24,150, 24,100 and 24,050.
Overall, the gap-up opening gives a positive bias, but traders should watch the 24,250–24,300 zone closely. Sustaining above this zone can support further upside, while a move back below 24,200 would weaken the bullish setup. Avoid chasing the gap-up and wait for price confirmation before taking fresh trades.
#BANKNIFTY Intraday PE & CE Levels(25/08/2026)Bank Nifty is expected to open flat, keeping the index around the current 57,450–57,550 zone. The market is showing consolidation near the immediate support and resistance levels, so traders should wait for a clear breakout or breakdown before taking fresh positions.
On the bullish side, a sustained move above 57,550 can trigger buying momentum. CE positions can be considered above 57,550, with targets of 57,750, 57,850 and 57,950+. If the index sustains above these levels, the broader resistance near 57,956 can come into focus.
On the bearish side, if Bank Nifty fails to sustain 57,450 and moves below this level, selling pressure can increase. PE positions can be considered around 57,450–57,400, with targets of 57,250, 57,150 and 57,050. The 57,050 level remains an important lower support.
Overall, with a flat opening, Bank Nifty is likely to remain range-bound initially. The 57,450–57,550 zone will act as the key decision area. Above 57,550, bullish momentum can strengthen, while below 57,450, the bearish setup can become active. Traders should avoid aggressive trades within the range and wait for confirmation
XAUUSD: Bearish Reversal at 4,675 Resistance
Gold (XAU/USD) on the 30-minute chart is approaching a critical resistance/supply zone around 4,670–4,680 after a strong bullish move.
🔴 Bearish setup:
Price has pushed into the marked supply area and appears to be forming a potential liquidity sweep / SMT divergence near the highs. If buyers fail to break and hold above this zone, a downside reversal becomes likely.
Key levels:
🔴 Resistance / Supply: 4,670–4,680
🛑 Invalidation: Above 4,698
🎯 Target 1: 4,640
🎯 Target 2: 4,600
🎯 Target 3: 4,565
The 4,640 area is the first important downside level. A break below it could accelerate the move toward the sell-side liquidity around 4,595–4,600.
For the bearish scenario, the ideal confirmation would be a rejection from 4,670–4,680 followed by a break of the short-term rising structure.
Bias: 📉 Bearish below 4,680
Bullish invalidation: Sustained acceptance above 4,698.
Educational technical analysis, not financial advice.
The Golden Rest Zone: Where Rallies Pause After the ClimbThis post is educational and observational in nature based on historical price action. It is not a forecast or a trading recommendation.
The Fibonacci Retracement Tool
The Fibonacci retracement tool is used here by anchoring it from the lowest point of the swing to the topmost point of that same swing, measuring the full move from bottom to top. This tool maps out key levels within that range, most notably 50% and 61.8%, which together form what is often referred to as the golden zone, one of the more closely watched retracement areas in technical analysis.
The Observation
A recurring behavior on this chart, and one seen across many stocks after a strong rally from a swing low to a swing high, is that price often pauses and consolidates for an extended period specifically within this 50% to 61.8% zone. Rather than retracing shallowly or falling all the way back to the origin of the move, the market frequently settles right within this golden area before deciding its next direction.
The Symmetrical Triangle Pattern
Within this golden zone, a symmetrical triangle pattern has formed. This is a consolidation structure defined by converging lower highs and higher lows, compressing price into a progressively tighter range. Its presence here, sitting precisely within the golden retracement zone, adds another layer of structural context to this pause in the broader move.
The Bigger Picture
This chart highlights how a mathematically derived zone like the Fibonacci golden area can also become the physical location where a price based pattern like a symmetrical triangle forms. Recognizing that consolidation after a strong rally often gravitates toward this specific retracement range is a useful observation for understanding how rest phases in the market tend to take shape.
FACT Ltd (D): BIG BREAKOUT ALERTTimeframe: Daily | Scale: Linear
For those tracking the agricultural chemicals and fertilizer space, FACT presented a highly compelling technical shift in today's session.
Explosive +11.71% surge today on huge 34.31M volume after a period of contraction! 🔥
Technical Highlights:
✅ Short-Term Breakout: Cleared & closed above immediate horizontal resistance.
⚠️ Macro View: Pushing higher within a massive higher-timeframe symmetrical triangle.
✅ Momentum: MACD & RSI rising across Daily, Weekly & Monthly charts. Short-term EMAs developing toward a positive crossover. 🚀
Key Levels to Watch:
🎯 Target: 950 (Upper triangle boundary test)
🛡️ Support / Invalidation: 800
Watch for follow-through price action and EMA crossover confirmation!
XAUUSD 30M — MFTC | Expanding Triangle Fakeout → Bullish ReversaXAUUSD is developing a 30M Expanding Triangle, with an internal triangle structure forming inside the larger range.
According to the Market Footprinting Trading Concept (MFTC), the current breakdown below the internal structure could represent a hunting move / liquidity sweep rather than an immediate continuation of the bearish move.
🔎 MFTC MARKET STRUCTURE
Price is now approaching the marked REVERSAL / HUNTING ZONE around 4,600–4,592.
The key idea is:
HUNTING → REVERSAL → EXPANSION
I am NOT looking to blindly buy the first touch of the reversal zone.
Instead, the focus is on the 5M–15M internal reaction.
🟢 BULLISH SCENARIO
If price enters the hunting zone and then creates:
• Lower-timeframe rejection
• Internal bullish structure
• 5M–15M IR reversal
• Break/reclaim of the immediate bearish structure
→ This could confirm the MFTC bullish reversal setup.
⚠️ INVALIDATION
If price accepts below the marked hunting/reversal zone and fails to produce the required 5M–15M bullish structure, the reversal setup is invalid.
Therefore, the current move should be treated as conditional, not as an immediate long signal.
🎯 MFTC ROADMAP
30M: Expanding Triangle
↓
Internal Triangle: Bearish breakout / possible fakeout
↓
HUNTING ZONE: ~4,600–4,592
↓
5M–15M: Wait for IR + bullish structure
↓
REVERSAL: Potential upside expansion
The breakdown is not the confirmation.
The lower-timeframe reversal is the confirmation.
Market Footprinting Trading Concept (MFTC)
#XAUUSD #GOLD #GoldTrading #MFTC #MarketFootprinting #PriceAction #TradingView #Forex #LiquidityHunt #Fakeout #BullishReversal #TechnicalAnalysis
XAUUSD : Retest of Demand Zone After Upward Channel BreakoutTradingView Idea Description
Market Analysis
Structure: Gold (XAUUSD) underwent a Break of Structure (BOS) near 4,540, establishing strong bullish momentum.
Pattern: Following the initial impulse, price moved within a well-defined Upward Channel.
Current Action: Price experienced a correction out of the channel and is now holding right at the key Demand Zone around 4,625 – 4,635.
Trade Setup
Bias: Bullish Continuation / Rebound
Entry Zone: 4,625 - 4,635 (Current Demand Zone)
Target 1: 4,670 (Intermediate resistance / High of recent correction)
Target 2: 4,695 - 4,700 (Channel top / Major high)
Invalidation / Stop Loss: Below the bottom of the demand zone (~4,615).
TVSSCS | Cup & Handle at the Breakout Gate having nested IHNSNSE:TVSSCS is developing a long-duration Cup & Handle structure on the weekly timeframe, with a smaller nested inverse H&S-like structure visible within the base.
The broader formation has progressed from the ~₹90 base toward the ₹145–147 resistance zone, followed by a relatively tight handle/consolidation near ₹120–130.
Key Observations
◆ ₹145–147: Major multi-month resistance and breakout zone.
◆ Volume: Recent expansion in volume is notable and supports the significance of the current move.
◆ EMA structure: Price has reclaimed the major daily EMA cluster, improving the underlying trend structure.
◆ RSI: Weekly and daily momentum remain constructive without an extreme overbought reading.
◆ Handle: The recent pullback is holding above the broader base and is attempting to resolve upward.
Breakout Setup
A decisive close above ₹147 with meaningful volume and subsequent acceptance above the breakout zone would provide technical confirmation of the Cup & Handle resolution.
The measured objective from the broader pattern is approximately ₹200–₹201 , which should be treated as a pattern-derived projection, not a guaranteed target .
Invalidation
A decisive breakdown and sustained close below approximately ₹120–₹121 would materially weaken the handle structure and invalidate the current bullish setup.
Primary structure: Cup & Handle
Secondary/internal structure: Nested iH&S-like formation
Breakout zone: ₹145–147
Projected objective: ~₹200–201
Key invalidation: ₹120–121
Disclaimer: I am not a SEBI-registered Research Analyst or Investment Adviser. This publication represents my personal technical analysis and is intended solely for informational and educational purposes. It is not a recommendation, solicitation, or assurance of returns. Market and technical conditions can change, and any trading or investment decision should be made independently after considering your own risk tolerance and due diligence.
4700 crucial for Gold's next moveGold continues to maintain a strong bullish structure inside the ascending channel, despite the current technical pullback from the 4690 area. Price is still holding above key support and the overall bullish structure remains intact.
The main scenario is to wait for a pullback toward 4605–4620, where support aligns with the lower part of the current structure. If this zone holds with bullish confirmation, Gold could resume higher toward 4690–4700, followed by 4720–4730.
If the correction becomes deeper, 4550–4570 is the next major support zone. The broader bullish bias remains valid as long as price holds above this area.
🔑 KEY LEVELS:
🔹 4605–4620
Immediate support and preferred area to monitor for a BUY reaction.
🔹 4550–4570
Major support and deeper pullback zone.
🔹 4680–4700
Immediate resistance and first upside target.
🔹 4715–4730
Major resistance and extended target.
🔹 Below 4550
A sustained break would weaken the current bullish structure and require reassessment.
✅ PREFERRED SCENARIO:
Gold pulls back toward 4605–4620.
Support holds + bullish confirmation → BUY.
Recovery above 4680–4700 → target 4715–4730.
Deeper correction → monitor 4550–4570 for the next reaction.
BIAS: 🟢 BUY — The primary trend remains bullish. Prefer buying pullbacks within the ascending structure rather than chasing price near resistance.
#BANKNIFTY Intraday PE & CE Levels(25/08/2026)Bank Nifty is expected to open with a gap down, keeping the index below the immediate resistance zone. The current structure remains weak, with 57,450–57,550 acting as an important decision zone. Traders should wait for price confirmation around these levels before taking fresh positions.
On the downside, if Bank Nifty sustains below 57,450, selling can be considered through PE options around 57,450–57,400, with targets of 57,250, 57,150 and 57,050. A decisive break below 57,050 can further extend the downside towards 56,950 and 56,550.
On the upside, recovery above 57,550 can change the short-term setup in favour of buyers. Sustaining above 57,550 can provide an opportunity to buy CE options, with targets of 57,750, 57,850 and 57,950+.
Overall, with a gap-down opening, the key zone to watch is 57,450–57,550. As long as the index remains below 57,550, selling pressure may continue. A sustained move above 57,550 would indicate strength and could trigger a recovery.
XAUUSD 1H — Bullish Pullback SetupGold remains in a strong bullish 1H structure, with a clear CHoCH followed by BOS and a sustained sequence of higher highs and higher lows.
The strongest bullish displacement started from 4,350–4,360 and pushed XAUUSD toward 4,650–4,655, confirming strong buyer control.
After reaching the recent high, price is showing signs of short-term exhaustion and consolidation around 4,638. A controlled retracement may develop before the next expansion.
The Ichimoku structure continues to support the bullish bias, while 4,634–4,645 remains an important immediate reaction zone.
🎯 Key Levels
Resistance:
4,650–4,655 — Recent high / immediate resistance
4,680–4,700 — Breakout continuation target
4,720 — Major upside extension
Support:
4,634–4,645 — Immediate Ichimoku/dynamic support
4,600–4,620 — Shallow pullback zone
4,565–4,580 — Stronger support
FVG / Demand:
4,480–4,510 — Major bullish FVG / primary demand
4,440–4,455 — Secondary FVG / deeper demand
🟢 Trade Plan
Aggressive Entry: 4,600–4,620
SL: 4,565
TP: 4,650–4,655 / 4,680–4,700 / 4,720+
Preferred Entry: 4,480–4,510
SL: Below 4,440
TP: 4,565 / 4,650–4,655 / 4,680–4,720
Deep Entry: 4,440–4,455
SL: Below 4,420
TP: 4,510 / 4,565 / 4,650–4,655 / 4,700–4,720
🔥 Breakout
A firm 1H close above 4,655 would strengthen the continuation setup, with potential targets at 4,680 → 4,700 → 4,720+.
A retest of 4,650–4,655 with bullish confirmation would be preferable to chasing the breakout candle.
🔴 Invalidation
A decisive 1H close below 4,565 would weaken the bullish momentum and could expose 4,510–4,480.
A sustained break below 4,440–4,455 would indicate a potentially deeper correction.
Overall Bias: BULLISH 🟢
The preferred approach is to wait for a controlled pullback into support/FVG zones and seek confirmation rather than chasing price near the highs.
Quadrant Future Tek (D): BREAKOUT & INFLECTION ALERTTimeframe: Daily | Scale: Linear
Strong +10.35% surge today backed by huge 23.86M volume following steady accumulation! 🔥
Technical Highlights:
✅ Major Breakout: Cleared & closed above long-term horizontal support-turned-resistance (Jan '25).
⚠️ The Next Hurdle: Testing an immediate long-term angular resistance intact since Feb '25.
✅ Momentum: Short-term EMAs in positive crossover across Daily & Weekly. MACD & RSI rising on both timeframes. 🚀
Key Levels to Watch:
🎯 Breakout Target: 475 (on angular resistance breach)
🛡️ Support / Invalidation: 410
Watch for a confirmed close above the Feb 2025 angular resistance to unlock the next leg up.
XAUUSD 1D — Gold Ready for Liftoff?Market Structure:
XAUUSD is showing a strong bullish recovery from the July lows, printing higher highs and higher lows. Price has broken above a key demand zone and is now testing a major supply/resistance area near 4,650. The ascending trendline remains intact, keeping the overall bias bullish.
Key Zone:
🟢 Demand: 4,380–4,450
🔴 Supply: 4,600–4,650
Bullish Scenario:
A confirmed daily close above the current supply zone, followed by a successful retest, could signal continuation toward higher price discovery levels. Holding above the breakout area would strengthen bullish momentum.
Bearish Scenario:
A rejection from supply followed by a break below the rising trendline would suggest a deeper pullback toward the demand zone. Failure to hold that area would weaken the current bullish structure.
Trade Idea:
📈 Breakout → Retest → Continuation
Wait for confirmation above resistance before looking for continuation opportunities. Chasing into resistance carries increased risk.
Invalidation:
A decisive breakdown below the rising trendline and loss of the demand zone would invalidate the bullish continuation setup.
Outlook:
The chart currently favors buyers, but the reaction around the 4,600–4,650 supply zone will likely determine the next major move.
GOLD NEARS RESISTANCE — BUY DIP OR BREAKOUT?Gold continues to maintain a strong bullish structure after breaking higher and forming a sequence of higher highs. Price is currently trading near 4655, close to the upper resistance area, so chasing the move is not preferred.
The main scenario is to wait for a pullback toward 4610–4625, where the FVG provides the first area to monitor for a BUY reaction. If this zone holds with bullish confirmation, Gold could resume higher toward 4680–4700.
If the correction becomes deeper, 4560–4570 is the major support zone, also aligning with the ascending trendline. As long as this area holds, the bullish structure remains intact.
🔑 KEY LEVELS:
🔹 4610–4625
Immediate FVG and preferred area to monitor for a BUY reaction.
🔹 4560–4570
Major support + ascending trendline confluence.
🔹 4675–4690
Current resistance and first upside target.
🔹 Below 4560
A sustained break would weaken the bullish structure and require reassessment.
✅ PREFERRED SCENARIO:
Gold pulls back toward 4610–4625.
FVG holds + bullish confirmation → BUY.
Break above 4675–4690 → continuation toward 4700+.
Deeper pullback → watch 4560–4570 for the next reaction.
BIAS: 🟢 BUY — The primary trend remains bullish. Prefer buying pullbacks rather than chasing price near resistance.
#NIFTY Intraday Support and Resistance Levels - 24/08/2026Nifty 50 is expected to open flat, with the index around 24,252. The index is currently holding above the important 24,200 level, while 24,250–24,300 remains the immediate resistance zone. The overall setup is still range-bound, so the opening movement around these levels will be important.
On the buying side, if Nifty sustains above 24,250, buying can be considered for targets of 24,350, 24,400 and 24,450+. A decisive breakout above 24,450 can further strengthen the bullish momentum.
On the selling side, if Nifty breaks below 24,200, selling can be considered for targets of 24,150, 24,100 and 24,050. A sustained breakdown below 24,050 can lead to further downside.
Overall, with a flat opening, traders should closely watch the 24,200–24,250 zone. Sustaining above 24,250 can support an upward move, while rejection from this zone followed by a break below 24,200 can bring selling pressure. Since the index is consolidating, it is better to wait for confirmation rather than take aggressive positions within the range.






















