NIFTY Date: 28 August 2025
Trade Summary:
The directional bias remains negative with preference for selling on rise until 24,920 is crossed. Short trades are favored below 24,777 with momentum confirmation once the zero line at 24,712 is broken. Long trades are possible only as a counter move above 24,805–24,832 but are not the primary strategy.
Trade Logic
The index structure indicates sellers are in control as long as the market trades below the safe zone of 24,920. Sustaining under 24,712 confirms a breakdown which can extend towards 24,570 and 24,482. Buying interest will only be valid if the 24,805–24,832 support band is defended, which may trigger a short recovery towards 24,854 and 24,942.
Market Execution:
Preferred Trade: Short below 24,777; add positions once 24,712 breaks.
Short Targets: 24,570 and 24,482.
Stop for Shorts: Above 24,854.
Counter Long: Entry only above 24,805 and sustained above 24,832.
Long Targets: 24,854 and 24,942.
Stop for Longs: Below 24,755.
Disclaimers:
This view is developed using technical levels and market structure for educational purposes. Execution should be aligned with personal risk management rules, position sizing discipline, and prevailing market conditions. Traders must evaluate volatility and liquidity before acting and should not treat this note as investment advice.
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Technical Chart Analyst - Focus on 🇮🇳 🇺🇸 Markets. Indices | Commodities | Crypto Currencies.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.