According to the price action observed at session start ,NIFTY is currently consolidating between the resistance at 24,829 and the support at 24,791 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.
• Key Levels:
Resistance: 24,829
Support: 24,791
• Breakout Scenario:
If price breaks and sustains above 24,829 :
TP1 (1:1): 24,867
TP2 (1:2): 24,905
TP3 (1:3): 24,943
• Breakdown Scenario:
If price breaks and sustains below 24,791 :
TP1 (1:1): 24,753
TP2 (1:2): 24,715
TP3 (1:3): 24,677
"Stay neutral, stay ready. Let the chart pick the direction."
Information and analysis provided is for educational purposes only.
Dagangan aktif
🔹 NIFTY 50 – Intraday Summary | 19 June 2025Opening Structure:
At the start of the session, NIFTY was consolidating between the resistance at 24,829 and support at 24,791, forming a narrow range. Price action suggested a coiling pattern, indicating potential for a directional move on breakout or breakdown.
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🔹 Key Levels:
Resistance: 24,829
Support: 24,791
📈 Breakout Scenario:
TP1: 24,867
TP2: 24,905
TP3: 24,943
📉 Breakdown Scenario:
TP1: 24,753
TP2: 24,715
TP3: 24,677
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🔍 Intraday Price Action Recap:
In the early session, NIFTY triggered a breakout above 24,829, but fell short of TP1 by 17 points.
This was followed by a reversal, leading to a breakdown below 24,791, which lacked follow-through and failed to sustain.
Subsequently, the index attempted another breakout, which again did not hold, reflecting indecision in the market.
Likely influenced by weekly expiry sentiments, NIFTY remained range-bound for most of the session, trading largely within the predefined consolidation zone.
In the final half-hour, a renewed breakdown attempt succeeded, and TP1 at 24,753 was achieved.
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🧭 Conclusion:
Today’s session was characterized by multiple false breakouts and breakdowns, reflecting expiry-driven volatility and lack of clear conviction. Eventually, NIFTY honored the downside setup, achieving the first target in the closing leg of trade.
📌 “Stay neutral, stay ready. Let the chart pick the direction.”
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