Sometimes, the best trade is no trade at all. Even if you spot further downside from here, avoid shorting the market — especially if we open with a gap down tomorrow. In fact, a gap-down open might just set the stage for a better opportunity on the upside.
NIFTY has formed a clear supply candle and closed below the key support of 24710. With this break, 24500 now becomes the next immediate support.
Interestingly, the pivot has shifted slightly higher — from 24845 to 24885 — and the Pivot Percentile remains steady at 0.19%. That’s a sign we may get another directional move tomorrow.
From a technical standpoint:
First key support sits at 24590
Immediate resistance is near 24800
A breakout above this resistance can trigger short covering and push Nifty toward 25000 levels.
Among all sectors,
CNXPHARMA remains the only one showing resilience. So, if a relief rally is to happen, my bet is it will start from the Pharma space.
On the personal front, I took just one trade today —
STLTECH — and it delivered beautifully, closing over 8% higher. A perfect example of quality over quantity.
I continue to rely solely on my Earnings Pivot Strategy — and days like this validate the discipline.
That’s all for now. Stay focused. Protect your capital. And as always, trade smart.
Wishing you a profitable tomorrow.
NIFTY has formed a clear supply candle and closed below the key support of 24710. With this break, 24500 now becomes the next immediate support.Interestingly, the pivot has shifted slightly higher — from 24845 to 24885 — and the Pivot Percentile remains steady at 0.19%. That’s a sign we may get another directional move tomorrow.
From a technical standpoint:
First key support sits at 24590
Immediate resistance is near 24800
A breakout above this resistance can trigger short covering and push Nifty toward 25000 levels.
Among all sectors,
CNXPHARMA remains the only one showing resilience. So, if a relief rally is to happen, my bet is it will start from the Pharma space.On the personal front, I took just one trade today —
STLTECH — and it delivered beautifully, closing over 8% higher. A perfect example of quality over quantity.I continue to rely solely on my Earnings Pivot Strategy — and days like this validate the discipline.
That’s all for now. Stay focused. Protect your capital. And as always, trade smart.
Wishing you a profitable tomorrow.
TrendX INC
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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.
TrendX INC
Related publications
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.