NIFTY is showing strong bullish momentum after recovering from the 22,523 region and establishing a sequence of higher highs and higher lows on the lower timeframe.
However, price is now approaching an important selling zone between 23,000–23,175, where sellers could potentially step in and create resistance.
At the moment, NIFTY is trading around 23,095, right inside this selling zone. I'm watching how price reacts here before determining the next directional move.
Key Levels
- Current Price: 23,095
- Selling Zone: 23,000–23,175
- Bullish Confirmation Level: 23,175
- New Buying Zone: 22,829
- Possible Low / Support: 22,719
- Previous Recovery Base: 22,523
Market Structure
NIFTY has developed a strong recovery structure, with buyers maintaining control throughout the recent upward move.
However, the current rally has reached a selling zone, making this an important area to monitor.
Bullish Scenario:
For further upside continuation, I want to see a clean bullish 3H candle close above 23,175 and price sustain trading above this level.
If buyers successfully reclaim and hold above this zone, it would validate further upside potential and indicate that selling pressure is getting absorbed.
Bearish / Pullback Scenario:
If NIFTY fails to break above the selling zone, we could see another round of selling pressure and a potential retracement.
In that case, my first area of interest would be the New Buying Zone around 22,829.
If selling pressure continues, 22,719 becomes the next important support area to watch.
My Overall View
NIFTY has a bullish recovery structure, but price is currently trading inside an important selling zone.
I'm not considering the upside fully confirmed yet. The key confirmation I'm waiting for is a 3H bullish candle closing above 23,175, followed by price holding above that level.
Until that happens, selling pressure remains a possibility.
For now, I'm watching two important areas:
- Above 23,175: Potential bullish continuation.
- Failure at the selling zone: Potential pullback toward 22,829, followed by 22,719.
Let the market decide its next direction. The reaction around this selling zone will be important in determining whether NIFTY is ready for another leg up or needs a deeper correction first.
However, price is now approaching an important selling zone between 23,000–23,175, where sellers could potentially step in and create resistance.
At the moment, NIFTY is trading around 23,095, right inside this selling zone. I'm watching how price reacts here before determining the next directional move.
Key Levels
- Current Price: 23,095
- Selling Zone: 23,000–23,175
- Bullish Confirmation Level: 23,175
- New Buying Zone: 22,829
- Possible Low / Support: 22,719
- Previous Recovery Base: 22,523
Market Structure
NIFTY has developed a strong recovery structure, with buyers maintaining control throughout the recent upward move.
However, the current rally has reached a selling zone, making this an important area to monitor.
Bullish Scenario:
For further upside continuation, I want to see a clean bullish 3H candle close above 23,175 and price sustain trading above this level.
If buyers successfully reclaim and hold above this zone, it would validate further upside potential and indicate that selling pressure is getting absorbed.
Bearish / Pullback Scenario:
If NIFTY fails to break above the selling zone, we could see another round of selling pressure and a potential retracement.
In that case, my first area of interest would be the New Buying Zone around 22,829.
If selling pressure continues, 22,719 becomes the next important support area to watch.
My Overall View
NIFTY has a bullish recovery structure, but price is currently trading inside an important selling zone.
I'm not considering the upside fully confirmed yet. The key confirmation I'm waiting for is a 3H bullish candle closing above 23,175, followed by price holding above that level.
Until that happens, selling pressure remains a possibility.
For now, I'm watching two important areas:
- Above 23,175: Potential bullish continuation.
- Failure at the selling zone: Potential pullback toward 22,829, followed by 22,719.
Let the market decide its next direction. The reaction around this selling zone will be important in determining whether NIFTY is ready for another leg up or needs a deeper correction first.
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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน