NIFTY 50 Intraday Live Session| 20 JUN Breakout/Breakdown Levels

20 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 24,856 and the support at 24,824 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 24,856
Support: 24,824


• Breakout Scenario:
If price breaks and sustains above 24,856 :
TP1 (1:1): 24,888
TP2 (1:2): 24,920
TP3 (1:3): 24,952

• Breakdown Scenario:
If price breaks and sustains below 24,824 :
TP1 (1:1): 24,792
TP2 (1:2): 24,760
TP3 (1:3): 24,728

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

Information and analysis provided is for educational purposes only.

20 Jun

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🔹 NIFTY 50 – Intraday Summary | 20 June 2025

Pre-Market Analysis:
At the start of the session, NIFTY was positioned just below the key resistance at 24,856, signaling a potential breakout setup on strength.


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🔹 Key Levels:
Resistance (Breakout Trigger): 24,856

📈 Breakout Targets:
TP1: 24,888 ✅
TP2: 24,920 ✅
TP3: 24,952 ✅


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🔍 Market Outcome:
NIFTY opened on a strong note and decisively broke above 24,856, confirming the breakout scenario.

The index swiftly moved through all three upside targets: 24,888, 24,920, and 24,952, reflecting strong bullish momentum.

Post breakout, the price extended further and crossed the psychological level of 25,000, where it hovered for a while—acting as a magnet or a supply zone.

The breakout move was backed by a noticeable spike in volume, further validating the strength of the rally.


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🧭 Conclusion:
Today was a classic momentum-driven breakout session. All technical levels were respected, and the market followed through cleanly.

📌 “A textbook breakout — clean, decisive, and backed by volume. Momentum days like these reward preparation and prompt execution.”