Trade Plan – NIFTY FUTURE 15-Min Chart
Current Context:
Price is trading near a key demand/support zone around 24,400 -24,420. (blue zone)
There’s visible selling pressure from the recent swing high, but we’re at an important decision area where a bounce or breakdown can occur.
Volume profile shows high activity near 24,500 and 24,440 zones.
Possible Scenarios:
Bullish Scenario (Reversal / Pullback Play)
If price holds above 24,420 and shows strong bullish candles, look for a pullback entry toward 24,440.
First target: 24,480 supply zone
Second target: 24,500–24,520 high volume node / strong resistance
Watch for rejection at these levels for profit booking.
Alternate Bullish Continuation
If price quickly reclaims 24,480 supply zone with momentum, expect a rally toward 24,520–24,560.
This would require strong buying interest.
Bearish Scenario (Breakdown Play)
If price breaks below 24,400/420 with strong volume, expect a continuation toward 24,380, then 24,340–24,320.
Look for short entries on pullbacks to broken support.
Key Levels
Support: 24,420 → 24,380 → 24,340–24,320
Resistance: 24,440 → 24,480 → 24,500–24,520
Scenarios
Bullish Bounce – Hold above 24,420 → Target 24,480 / 24,520
Bearish Breakdown – Break below 24,420 → Target 24,380 / 24,340 / 24,320
Strong Bullish Continuation – Break & sustain above 24,480 → Target 24,520–24,560
Disclaimer:
This trade plan is for educational purposes only and does not constitute financial or investment advice. Trading in the stock market involves substantial risk, including the risk of loss. Always conduct your own research and consult with a qualified financial advisor before making trading decisions. You are solely responsible for your own trades and risk management.
Current Context:
Price is trading near a key demand/support zone around 24,400 -24,420. (blue zone)
There’s visible selling pressure from the recent swing high, but we’re at an important decision area where a bounce or breakdown can occur.
Volume profile shows high activity near 24,500 and 24,440 zones.
Possible Scenarios:
Bullish Scenario (Reversal / Pullback Play)
If price holds above 24,420 and shows strong bullish candles, look for a pullback entry toward 24,440.
First target: 24,480 supply zone
Second target: 24,500–24,520 high volume node / strong resistance
Watch for rejection at these levels for profit booking.
Alternate Bullish Continuation
If price quickly reclaims 24,480 supply zone with momentum, expect a rally toward 24,520–24,560.
This would require strong buying interest.
Bearish Scenario (Breakdown Play)
If price breaks below 24,400/420 with strong volume, expect a continuation toward 24,380, then 24,340–24,320.
Look for short entries on pullbacks to broken support.
Key Levels
Support: 24,420 → 24,380 → 24,340–24,320
Resistance: 24,440 → 24,480 → 24,500–24,520
Scenarios
Bullish Bounce – Hold above 24,420 → Target 24,480 / 24,520
Bearish Breakdown – Break below 24,420 → Target 24,380 / 24,340 / 24,320
Strong Bullish Continuation – Break & sustain above 24,480 → Target 24,520–24,560
Disclaimer:
This trade plan is for educational purposes only and does not constitute financial or investment advice. Trading in the stock market involves substantial risk, including the risk of loss. Always conduct your own research and consult with a qualified financial advisor before making trading decisions. You are solely responsible for your own trades and risk management.
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.
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.