NIFTY 50 Intraday 04 JUN| Breakout or Breakdown Scenario

4 Jun

NIFTY – Key Levels Setup | Breakout or Breakdown Scenario

According to the price action observed at session start , NIFTY is currently consolidating between the resistance at 24,585 and the support at 24,554 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 24,585
Support: 24,554


• Breakout Scenario:
If price breaks and sustains above 24,585 :
TP1 (1:1): 24,616
TP2 (1:2): 24,647
TP3 (1:3): 24,678

• Breakdown Scenario:
If price breaks and sustains below 24,554 :
TP1 (1:1): 24,523
TP2 (1:2): 24,492
TP3 (1:3): 24,416

"Stay neutral, stay ready. Let the chart pick the direction."

Information and analysis provided is for educational purposes only.

4 Jun

Dagangan ditutup: sasaran tercapai

📈 NIFTY 50 Intraday Summary – 04 June 2025
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🔍 Market Behavior:
At session open, NIFTY was consolidating in a tight range between the resistance of 24,585 and support at 24,554.
Initially, the index showed signs of a breakdown, but it quickly reversed, recovering lost ground with strength.

Later in the session, the price successfully broke out above 24,585, hitting Target 1 (24,616) and inching very close to Target 2 (24,647).
Despite the upward move, the momentum lacked aggressive follow-through, reflecting a consolidated yet upward-biased trend.

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🔑 Key Levels Recap:
Breakout Trigger: 24,585
• 🎯 TP1: ✅ 24,616 (Hit)
• 🎯 TP2: ⏳ 24,647 (Nearly Hit)
• 🎯 TP3: ❌ 24,678 (Not Reached)

Breakdown Trigger: 24,554
• 🟥 Not sustained

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📊 Market Mood:
While NIFTY closed in green, the structure was not strongly bullish—rather, it was a cautious rally within a tight range, supported by decent volume spikes late in the session.
Traders were likely responding to uncertainty with selective optimism.

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🧠 Takeaway:
“A directional move came, but with restraint. Patience and readiness paid off.”
Stay adaptive and let the chart dictate the trade.