#NIFTY Intraday Support and Resistance Levels - 27/03/2026Nifty is expected to open with a gap down opening, and the price is currently near key support after facing rejection from higher levels, indicating possible continuation of downside if support breaks. If Nifty sustains below 23450, selling pressure can continue where short positions can be considered for targets 23350, 23300, and 23250.
Further weakness below 23250 will confirm stronger downside momentum, which can push the index towards 23150, 23100, and 23050.
On the upside, if the market reverses and sustains above 23550–23600, a reversal long opportunity can be considered with targets 23650, 23700, and 23750+.
Overall view: Gap down opening near support suggests high volatility and possible breakdown, so avoid early trades and wait for confirmation. Follow strict stop loss with trailing and partial profit booking.
Technical Analysis
#BANKNIFTY Intraday PE & CE Levels(27/03/2026)Bank Nifty is expected to open with a flat opening, and the market is currently in a consolidation phase after a sharp move, so expect range-bound and volatile price action. If Bank Nifty sustains above 53550–53600, bullish momentum can build where CE positions can be considered for targets 53750, 53850, and 53950+. A stronger breakout above 54050 can further extend the upside towards 54250, 54350, and 54450+.
On the downside, if the index faces rejection from higher levels, traders can look for PE opportunities around 53950–53900 for targets 53750, 53650, and 53550. Strong selling confirmation will come below 53450, which can push the index towards 53250, 53150, and 53050.
Overall view: Flat opening indicates consolidation and possible whipsaw moves, so avoid early trades inside the range. Wait for proper breakout or breakdown confirmation, and follow strict stop loss with trailing and partial profit booking.
SENSEX Price Structure Analysis [27/03/2026: Friday]Top-Down SENSEX Price Structure Analysis for 27th of March 2026. The day is Friday.
(1) Monthly TF: Lower lows and lower highs structure is intact. The present month's candle is a bearish spinning top. The view is indecision to bearish.
(2) Weekly TF: Lower lows and lower highs structure is intact. Last week's candle is a bullish spinning top. The previous week was a bullish gravestone doji. There are signs of trend reversal (bearish to bullish), but they are not confirmed. Price is below 150 EMA (also equivalent to level 75500). SENSEX has unfinished business to touch 200 EMA. The view is indecision to bearish.
(3) Daily TF: Lower lows and lower highs structure is intact. Major resistance is at level 76000. Major support is at 74000. A breakout above 76000 would confirm a probable trend reversal (towards bullishness). A breakdown below 74000 would confirm trend continuation (that is, bearishness). The view is indecision to bearish.
(4) 30-minute TF: Lower lows and lower highs structure is intact. Price got resistance at 150 EMA (downward sloping). However, price is above 20 EMA and 50 EMA (upward rising). Thus, the main trend is down, but institutional bias is bullish. It makes the price structure indecisive. Maybe price would touch 200 EMA (downward sloping). Also, there is an unfilled gap till 76500. There are signs of trend reversal (bearish to bullish), but they are not confirmed. The view is indecision.
(5) No Trading Zone (NTZ): (75500 - 74500).
(6) Range of Consolidation (ROC): (76000 - 74000) . A breakout above 76000 would confirm trend reversal and a bullish move. A breakdown below 74000 would confirm bearish trend continuation. Trading in this range will be difficult. Presently, the price is in an indecisive zone.
(7) Event: No expiry. No high-impact event. It is the last day of the week. The next trade session (Monday) will be a monthly expiry day. Lastly, war uncertainty continues.
(8) Establish intraday bias with respect to the opening price.
(9) Bullish Set-Up (15-minute TF): If price sustains above 75500, then the first target would be 76000. Next, if the price sustains above 76000, then 76500 would be the next target. Lastly, the price might go up to 77000 to fill the gap.
(10) Bearish Set-Up (15-minute TF): If price sustains below 74500, then the gap will be filled till 74000. Next, if the price breaks 74000, then bearish continuation would confirm. Then, the next targets would be 73500 and 73000, respectively.
(11) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Therefore, practice PRAGMATISM in the live market.
NOTE:
(i) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. Always practice RISK MANAGEMENT. Always PROTECT your CAPITAL. Be RESPONSIBLE.
(ii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade from a new perspective. Believe in Possibilities.
Happy Trading!
XAU/USD Intraday Outlook | 26th March'2026Gold is trading near $4432, showing strong bearish momentum with most indicators and moving averages signaling SELL.
Key Levels
Support: 4424 → 4405 → 4393
Resistance: 4455 → 4467 → 4486
Scenarios
Bearish (Primary):
Below 4455 → targets 4425 & 4405
Bullish (Weak):
Above 4455 breakout → targets 4467+
Strategy (Intraday)
Sell on Rise (Preferred)
Entry: 4440–4450
TP: 4425 / 4405
SL: 4465
Conclusion
Trend is bearish, focus on sell trades unless breakout happens.
_⚠️ Disclaimer : For educational purposes only. Trade with proper risk management._
Gold Bearish — Setup for Deeper DropGold on the H2 timeframe is showing signs of exhaustion after a corrective move higher.
Price is now breaking down from an ascending structure — and this is where many traders get trapped.
• USD remains firm as markets continue pricing in higher-for-longer rates
• Bond yields are holding elevated levels
• Inflation concerns persist, limiting aggressive gold upside
• Market is shifting from reaction → distribution phase
Today, markets remain cautious with no major bullish catalyst for gold:
Fed stance still leans hawkish
Yields stay supported
Risk sentiment stabilizes → reduces safe haven demand
→ Gold is currently driven more by technical positioning than fresh bullish news
IF–THEN News Scenarios
If USD & yields stay elevated:
→ Gold may continue lower, extending the current breakdown
If risk-off returns or USD weakens:
→ Gold could bounce short-term before continuation
Technical Overview
On H2, gold has broken below the ascending channel, signaling a potential shift from correction → continuation downtrend
Current price is reacting near minor structure (~4445), but:
This zone looks weak after multiple tests
No strong bullish displacement yet
Liquidity likely sits below recent lows
→ Market may be preparing for a liquidity sweep lower
Key Levels
🔴 Resistance: 4445
⚪ Reaction Zone: 4364
🟢 Support / Liquidity: 4107
Market Debate
Is this just a pullback or the beginning of a deeper continuation downtrend?
BTC Update: Cooling Off Before Next Move?Bitcoin is trading near $69.9K, showing slight weakness after a strong rally
But don’t confuse this with weakness — it’s healthy consolidation.
What’s Happening?
Price below short-term MAs → momentum slowing
RSI ~36 → weak but not oversold
MACD → bearish → short-term pressure
👉 Market is cooling, not reversing
Key Levels
Resistance: $70.3K – $70.9K
Support: $69.5K – $69K
Trade Insight
✔️ Break above $70.3K → bullish continuation 🚀
❌ Break below $69.5K → deeper pullback 📉
Final Outlook
BTC is range-bound near highs.
Next big move = breakout or breakdown.
⚠️Disclaimer: This is for educational purposes only, not financial advice. Always do your own research and manage risk before trading.
XAUUSD: Structural Shift & FVG Fill – Long OpportunityTechnical Analysis Breakdown
Trend Confirmation: The price has successfully transitioned from a bearish structure (marked by the initial MSS and CHOCH) into a Bullish Trend supported by an ascending trendline.
Demand Zones: You have identified high-probability entry zones using Fair Value Gaps (FVG). The confluence of the H4-FVG and the more refined H1-FVG creates a strong "buy zone" where buyers are likely to step back in.
Price Action: The "POI POINT" at the swing low indicates a successful liquidity sweep or a significant reversal point, while the current price action is showing a corrective retest of the FVG before a potential move higher.
Target: The primary objective is the Resistance level near 4,700, which aligns with the previous structural breakout point.
Cash flow indicates buying — is this what whales want?After the previous sharp decline, the market has begun to show a significant recovery rhythm. However, what needs to be clearly seen is: the current upward rhythm does not come from a macroeconomic foundation change, but mainly as a reaction after the liquidity below has been swept clean. In the context where the USD still maintains relative strength and there is no clear signal of policy easing, large cash flows have no reason to push gold into a sustainable upward trend.
The important point lies in the market's reaction to information. The news is not bad, even somewhat supportive, but the price cannot maintain a strong upward momentum. This shows that the market is using the recovery rhythm to reposition rather than forming a new trend. In other words, this is the stage where large cash flows "build liquidity" above before continuing the markdown phase.
On the D1 frame, the overall structure has not changed. After breaking the long-term upward trendline, the price has entered a state of creating lower highs – lower lows. The current recovery rhythm is moving into an important confluence area around FVG + Fibonacci 0.5–0.618 + broken trendline, which is an area where strong selling forces often appear in downtrends. The price recovery to this area is not a bullish signal, but a familiar market behavior: retest structure → attract buying force → create liquidity → continue to sell off.
If observed closely, the current upward rhythm lacks clear displacement and there is no upward BOS on the large frame. This reinforces the view that this is just a corrective rally, not a reversal.
From a long-term perspective, Lucas's view remains unchanged: gold is still in a declining cycle affected by the economic recession context and tightened cash flows. In this phase, money does not flow into assets to "push prices up", but prioritizes liquidity and defense, making upward rhythms weak and easily sold off. A real bottom only forms when the market has enough time to accumulate, when volatility narrows, sentiment is eroded, and there is no clear expectation of price increase.
Currently, what we are seeing is not accumulation — but a combination of retail FOMO in recovery rhythms and the guidance of large cash flows creating fake recoveries to continue selling off. This is a stage where "light pumps" easily appear to hit psychology, before an unexpected downward rhythm occurs to continue sweeping liquidity.
In the main scenario, if the price continues to be rejected at the 4700–4900 area, the market is likely to complete the pullback process and return to the downtrend, with the nearest target being the 4300 area, and deeper being the 4100–4000 area — where medium-term liquidity is concentrated.
Conversely, only when the price can break strongly and hold above the 4900–5000 area, the structure will begin to show signs of change. However, with the current context, this is still a less likely scenario.
Overall, the market is operating according to the logic of cash flow: not creating a bottom — but creating better conditions to continue the downtrend.
This is not accumulation — this is preparation for distribution.
LucasGrayTrading
Gold Rebounds — Reversal or Dead Cat Bounce?Gold is showing signs of recovery on the D1 timeframe after a sharp and aggressive sell-off.
Price is currently reacting from lower Fibonacci zones, suggesting a potential short-term bounce.
But in trending markets, not every bounce is a reversal — sometimes it’s just liquidity before continuation.
Macro Narrative
• Central banks are expected to increase gold buying this year (WGC).
• SPDR ETF continues reducing holdings, signaling weak institutional conviction.
• Fed maintains a restrictive stance, supporting USD and yields.
• Mixed macro signals are creating a liquidity-driven environment.
News Context
Gold recently found support after geopolitical developments and expectations of continued central bank demand.
However, ETF outflows and strong USD flows suggest that institutional positioning remains cautious.
This divergence is key — fundamentals are mixed, but price reacts to liquidity.
IF–THEN News Scenarios
If USD strength persists:
Gold may struggle to break higher and resume downside.
If central bank demand and sentiment improve:
Gold could extend recovery toward higher resistance zones.
Technical Overview
On the D1 chart, gold is reacting from the 0.236–0.382 Fibonacci zone, indicating a potential corrective bounce.
The current structure still reflects a bearish correction phase following a strong impulsive move down.
If buyers maintain control, the next upside targets are:
4669 – 4806 (key resistance zone / FVG area)
4994 (higher resistance)
5188 (trendline resistance / major supply)
However, from a professional perspective, this move may represent a retracement into imbalance zones before the market decides its next direction.
Failure to hold above current levels could bring price back toward 4281 liquidity.
Key Levels
Support: 4281
Current Zone: ~4569
Resistance 1: 4669 – 4806
Resistance 2: 4994
Major Resistance: 5188
Market Debate
Is gold forming a true reversal after the correction or just a dead cat bounce before continuation lower?
#BANKNIFTY Intraday PE & CE Levels(25/03/2026)Bank Nifty is expected to open with a gap up opening, but the overall structure is still in a recovery phase after recent selling, so upside may face resistance at higher levels. If the index sustains above 52550–52600, a bullish move can continue where CE positions can be considered for targets 52750, 52850, and 52950+. A strong breakout above 53050 can further extend the rally towards 53250, 53350, and 53450+.
On the downside, if Bank Nifty fails to sustain at higher levels and shows rejection, selling pressure can come back quickly. Traders can look for PE opportunities around 52950–52900 for targets 52750, 52650, and 52550. Strong downside confirmation will come below 52450, which can push the index towards 52250, 52150, and 52050.
Overall view: Gap up opening after a fall indicates a possible pullback or trap move, so avoid aggressive buying without confirmation. Better to wait for level-wise breakout or rejection and follow strict stop loss with trailing and partial profit booking.
Pfocus : Move is on….Stock name : Prime focus Limited.
Bullish : setup.
Timeframe: Daily.
First target hit in one day around 10% and second target is on.
This chart setup is for just two or four weeks.
This chart is shared for educational and informational purposes only and should not be considered as financial or investment advice.
Stock market investments are subject to market risk. Please do your own research or consult your financial advisor before making any trading or investment decisions.
I am not responsible for any profits or losses.
Death Cross in a Bull's Den — Three Charts, One Story🧠 This is a multi-layout TradingView configuration — the daily timeframe chart occupies the full left panel, while the right panel is split into two: the weekly timeframe on top and the monthly timeframe below. Together, these three charts form a coherent, top-down view of the market structure without relying on any single signal in isolation.
The power of this approach is confluence through timeframe layering.
☠ What Is a Death Cross?
A Death Cross is a bearish technical signal that occurs when a shorter-period moving average crosses below a longer-period moving average. In this analysis, we are watching the 50-day Exponential Moving Average (EMA) cross below the 200-day EMA on the daily timeframe.
Traditionally, this crossover signals a potential shift in momentum from bullish to bearish — the market has been losing short-term strength relative to its longer-term average
⚡ Key Observation — The Bull Context Reversal
When a Death Cross forms within an active bullish uptrend — rather than at the beginning of a downtrend — it tends to behave very differently. Instead of launching the market lower, the price action frequently gets suctioned back toward the EMA bundle. The death cross in this scenario acts more like a magnet than a trapdoor.
⚡ The weekly chart in the top-right panel shows the broader candle structure of the market alongside its own 200 EMA. On this timeframe, the full character of the trend becomes clearer — the daily noise compresses into meaningful weekly candles that paint a more honest picture of buyer and seller control.
⚡ The monthly chart occupies the bottom-right panel, providing the highest available timeframe perspective. Here, individual candles represent an entire month of price action. The 50 EMA on the monthly is a formidable level. It is not frequently tested, and when price approaches it, it represents a macro decision point that institutional and long-term participants are watching closely.
Disclaimer:
This post is purely for educational and informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other form of professional advice. The analysis presented reflects a technical observation on General Trends of chart patterns and moving averages and should not be interpreted as a forecast, prediction, or recommendation to buy, sell, or hold any financial instrument or asset.
Big players act during market panic.If you look at what's happening, the story is no longer about the news. It's not CPI, not FOMC, nor the conflict. The market has moved beyond reacting to data — we are currently in a clear liquidity-driven move phase.
From the peak, gold has dropped over 1300 points — and the important thing is: this is not a random drop, but a deliberate process.
Big money doesn't need news to push prices. They need liquidity.
What is happening is the process of:
Distributing at the peak Pulling prices down to break the structure Continuously creating panic to force retail to exit
The real question is not "will gold go down or up," but:
👉 Where do the big players need the price to go to gather enough liquidity?
Currently, the 4000 level is where most of the market starts to expect a bottom. This is the problem.
When too many people see a level as a "potential bottom," it often becomes:
Either a place for a strong reaction (short-term bounce) Or a place to be broken to sweep the final liquidity
In the logic of money flow, a real bottom doesn't form when the market still has expectations. A bottom only appears when:
Psychology is completely broken Selling is everywhere No one believes the price can rise
👉 And currently, the market still has too many people "waiting for the bottom."
Therefore, the scenario to consider is not just 4000 holding, but:
Sweep below 4000 Create a false breakdown And only then will big money start to accumulate
Returning to the current plan on H4.
The price has reacted correctly at the FVG + Fibo + demand + trendline area, but there are no signs showing real buying power control. The rebound only stopped at a technical level and quickly weakened.
The structure is still very clear:
Lower high – lower low No bullish BOS Every rebound is sold off
Areas to watch today:
4400–4500: retest supply + trendline area → if the price returns, this is still a good sell area 4100: nearest support area, short-term liquidity 4000: extremely strong psychological area — where the market can create a big trap
The main scenario remains unchanged: If the price continues to be rejected above → the market will extend the decline to 4100 and possibly deeper below 4000 to complete the liquidity sweep process.
In summary, this is no longer a "news reaction" market, but a market of money flow and liquidity.
👉 Don't ask what the news says 👉 Look at where the price is going to gather liquidity
And currently, everything still points to one thing:
This is not the bottom — this is the process of creating one.
📊 LucasGrayTrading provides an updated multi-timeframe structure perspective, important liquidity areas, and market scenarios ahead of the next big 1000–2000 pip breakouts.
Swing trade : Bharti Airtel (BHARTIARTL) LongLong Double bottom setup:
🔍 Setup: Potential Double Bottom formation near ₹1,770–₹1,780 zone.
📉 Prior trend: Strong downtrend with price below key moving averages
⚡ Momentum: RSI showing bullish divergence
🟢 Bullish Scenario (Reversal Play):
Buy above: ₹1,830–₹1,850 (confirmation breakout)
Target 1: ₹1,925
Target 2: ₹2,000
Target 3: ₹2,050
💡 Key Observations:
Double bottom + RSI divergence suggests early reversal signs
Price still below 50/100/200 EMA → trend not fully reversed
Volume confirmation needed on breakout
🧠 Conclusion:
Wait for confirmation before entry. This is a high-risk early reversal setup, not yet a confirmed trend change.
#Airtel #StockMarket #TechnicalAnalysis #SwingTrading
Gold Market Insight | XAUUSD Analysis (24 March 2026)Gold is currently trading around 4400 levels, showing short-term consolidation but maintaining a strong bearish structure overall. While lower timeframes indicate slight buying momentum, higher timeframes (5H & Daily) continue to signal heavy selling pressure.
Technical indicators support the downside — RSI near oversold zone, MACD negative, and ADX indicating strong trend strength. Additionally, most moving averages (MA10–MA200) are aligned on the sell side, confirming that rallies are likely to be sold into.
Key Levels to Watch:
Resistance: 4415 – 4450
Support: 4310 – 4270 – 4240
Market Scenarios:
Bearish Case (Primary Bias):
If price breaks below 4310, we can expect further downside towards 4270–4240. Selling on pullbacks remains the preferred strategy.
Bullish Case (Reversal Setup):
A sustained move above 4415 could trigger short-term upside towards 4450+, driven by short covering.
Intraday Approach:
Sell on rise near resistance zones
Watch breakdown below key support for momentum trades
Scalping buys only near strong support with tight risk
Conclusion:
Gold remains bearish in structure, with volatility creating both opportunities and traps. The key is to follow the trend, manage risk, and avoid emotional trades.
⚠️ Disclaimer: This post is for educational purposes only. Trading involves risk—always use proper risk management before taking any trade.
CRYPTO TRADE SETUP | Bitcoin (BTCUSDBitcoin is showing strong bullish momentum after holding key support zones. The structure indicates a potential breakout continuation, with buyers stepping in aggressively near the 70K psychological level.
Trend Bias: Bullish
Key Zone: 70,000 acting as strong support
Momentum: Increasing buying pressure & higher lows formation
Setup Type: Breakout + Momentum Scalping
If price sustains above 71K, we can expect a quick push towards 72K+ levels.
⚠️ Risk Insight:
Tight stop below structure low ensures controlled risk
Ideal for intraday / short-term swing traders
Avoid chasing if entry is missed — wait for retest
Gold Rebounds — Recovery Up or Trap?Gold is showing a recovery on the H1 timeframe after a sharp sell-off, following news of progress in US–Iran negotiations.
At the same time, institutional signals remain mixed, with ETF outflows still present.
So the real question is — is this a true recovery, or just a liquidity-driven bounce?
Macro Narrative
• World Gold Council: central banks expected to increase gold buying this year.
• SPDR ETF reduced holdings by 4.29 tons, signaling short-term outflow.
• Trump signaled progress in Iran negotiations, easing geopolitical uncertainty.
• Market flows remain mixed between safe-haven demand and USD strength.
News Context
Gold reacted immediately after headlines that the US is moving toward a broader agreement with Iran.
This reduced geopolitical tension and triggered a short-term recovery.
However, ETF outflows suggest that institutional positioning has not fully turned bullish, keeping the move uncertain.
IF–THEN News Scenarios
If optimism around the Iran deal continues:
Gold may extend higher toward 4530 → 4719 (FVG).
If ETF outflows persist or sentiment fades:
Gold could face rejection and resume downside.
Technical Overview
On the H1 chart, gold is forming a short-term recovery after sweeping liquidity below recent lows.
Price is currently moving away from the 4287 demand zone, indicating buyers are stepping in.
The next upside targets are:
4530 (intraday resistance)
4719 (FVG / imbalance zone)
From a professional perspective, this move resembles a retracement toward imbalance (FVG) rather than a confirmed reversal.
If price fails to hold above 4530, sellers may re-enter and push the market lower again.
Key Levels
Support: 4287
Current Price: ~4407
Resistance: 4530
FVG Zone: 4719
Market Debate
Is gold rebounding due to central bank demand and easing geopolitics or just filling liquidity before the next move?
Gold falls, but savvy traders might be buying.After a sharp sell-off, gold is reacting near a major demand zone — where panic often turns into opportunity.
Macro Narrative:
Gold remains under pressure from a strong USD and high yields, but sentiment is shifting. Markets are extremely bearish — and that’s where reversals often begin.
News Context:
Fed still hawkish → pressure on gold
USD strong, yields elevated
Trump signals “productive” talks with Iran → easing war fears
Risk sentiment improves → gold rebounds from lows ()
IF–THEN Scenarios:
If price holds 4,100–4,200 → rebound toward 4,500–4,800 possible
If breakdown below 4,100 → continuation to deeper liquidity
Technical Overview:
Price taps key daily demand (0.5–0.618 zone). Strong sell-off shows capitulation signs → watch for reaction.
Key Levels:
Resistance: 4,450 – 4,800
Support: 4,100 – 4,200
Market Debate:
Is this real weakness—or early accumulation before a macro shift?
#NIFTY Intraday Support and Resistance Levels - 24/03/2026Nifty is expected to open with a gap up opening, but overall structure is still weak and trading near lower support zones — so this bounce can act as a pullback rather than a full reversal.
If Nifty sustains above 23050, we can see a short-term recovery. In that case, reversal long positions can be considered in the 23050–23100 zone, with upside targets of 23150, 23200, and 23250+.
On the downside, the key trigger level is 22950. If Nifty breaks below this level, selling pressure can intensify. Traders can look for short opportunities below 22950, targeting 22850, 22800, and 22750.
Further weakness below 22750 will confirm continuation of the downtrend. In that scenario, next targets come around 22650, 22600, and 22550.
Overall view:
Market is opening gap up after a sharp fall, so expect volatile moves and possible fake upside breakout. Better to wait for confirmation above 23050 before aggressive buying.
Follow strict stop loss, and as you usually do — keep trailing SL with partial profit booking at every level.
GOLD DAY 23/03: BIG SELL UNFOLDING, GOLD OPPORTUNITY?After a series of consecutive breaks of the upward trendlines on the D1 frame, gold has officially lost its previous buying structure and shifted to a distribution → markdown state. Notably, recent recoveries have been weak, unable to reclaim lost structural areas, while declines have been swift and decisive. This is a typical characteristic of a market that has shifted to a bearish phase, where large capital flows prioritize exiting positions rather than accumulating.
On the macroeconomic front, pressure from the USD maintaining its strength along with expectations of continued monetary tightening is laying the foundation for gold's downward trend. However, the more important factor lies in how the market reacts: even when supportive information appears, prices still cannot maintain upward momentum. This indicates that buying power is no longer strong enough to control the market, and the current structure clearly reflects a dominant bearish bias.
On the D1 frame, gold has formed a series of lower highs – lower lows, simultaneously breaking important demand zones, turning them into supply. The price is currently in the process of retesting the confluence area between the old demand, trendline, and FVG – this is a decisive area, acting as a medium-term supply zone. If it cannot surpass this area, the market is likely to continue expanding the decline to lower liquidity zones.
In the main scenario, if the price cannot reclaim the 4600–4700 zone, the downward trend will continue to be reinforced with targets sequentially at 4300 → 4100, and further to the 4000 zone – where large liquidity is concentrated on the medium-term frame. Conversely, in the secondary scenario, if the price recovers to the 4700–4800 zone, this is likely just a pullback to the supply zone before continuing the main downward trend.
WEEKLY SCENARIO 23/03
Main scenario (HIGH PROBABILITY – SELL CONTINUATION):
• Price does not reclaim the 4600 – 4700 zone
→ continues breakdown to 4300 → 4100
→ further to the large liquidity zone around 4000
Secondary scenario (RETEST – TRAP):
• If the price recovers to the 4700 – 4800 zone
→ just a pullback to supply
→ continues to be sold down according to the main trend
Overall, the market is currently in a clear transition phase from buying to bearish, with both structure and capital flow supporting the bearish scenario. Recoveries should be seen as opportunities to join the trend, rather than expecting a reversal. In this context, the appropriate strategy remains to prioritize SELL according to important retest zones, while monitoring price reactions at decisive points to confirm the continuation of the trend in the coming week.
Nifty at the Crossroads: Strategic Levels for the 2026-2027 Market Outlook: The Battle Between Resistance & Mean Reversion
The Nifty 50 is currently exhibiting a classic structural shift on the daily timeframe. After a period of sustained momentum, we are seeing a significant test of the broader market structure. Here is my technical breakdown based on the current price action:
1. The Wall of Resistance (26,300)
The level of 26,300 has emerged as a formidable psychological and technical ceiling. We have seen price rejection at this zone, indicating that institutional profit-booking is active. A sustained close above this on a weekly basis is mandatory before eyeing the next macro milestone.
2. Immediate Support Zone: Support 1 (22,500)
Currently, Nifty is hovering near its first major line of defense at 22,500.
The Significance: This is a "Make or Break" zone.
The Scenario: If the index manages to stabilize here, we could see a sideways consolidation or a base-building phase for the next leg up. However, a decisive break below this could trigger a deeper correction.
3. The Deep Value Zone: Support 2 (19,000)
Should the 22,500 level fail to hold, the structural "Safety Net" lies at 19,000. This level represents a massive confluence of historical support and long-term liquidity. For the long-term investor, this would be considered a high-conviction "Value Buy" zone.
4. The North Star: Next Possible Target (30,600)
While the current trend shows a cool-off, the long-term bullish thesis remains intact as long as the structural lows are protected. Once the current correction/consolidation phase is complete and 26,300 is cleared, the path toward 30,600 becomes the primary objective for the next major bull run.
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📢 Disclaimer
I am not a SEBI-registered financial adviser.
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments.
Please consult with your SEBI-registered financial advisor before making any trading or investment decisions.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research
Warning: NIFTY May Not Have Bottomed YetElliott Wave Overview:
NIFTY 50 (spot) is currently forming a corrective structure. There are multiple valid ways to label this chart, but this count is selected based on Elliott Wave alternation guidelines. Corrective structure is a normal flat.
The index appears to have completed wave (X) at 26323.20, and wave (Y) is now unfolding. So far, wave (Y) has retraced approximately 78.6%, while a typical flat correction often extends toward 100% retracement of wave (A).
At present, the market seems to be progressing within wave (iii) of the larger decline, with its sub-waves already in motion.
A key level to watch is 21858.7 , where:
Wave (Y) = Wave (W) (price equality)
This level may act as a potential demand zone.
Wave scenarios:
Once wave (iii) is complete, a wave (iv) bounce is expected. This wave (iv) is likely to be choppy, time-consuming, and lacking strong momentum. After this corrective phase, the market is expected to resume its decline, forming wave (v) and completing the larger wave (Y).
From a bullish perspective, if the index convincingly breaks above the wave (iv) structure, it could signal the first signs of strength from the bulls. In that case, a base formation may develop, with potential upside extending toward wave B levels.
However, it is important to note that even after the completion of wave (v), any bounce may remain limited in strength, especially if wave (iii) is still extending and has not fully completed yet.
By @BrightRally_Research
This is not financial advice. Always manage your risk.






















