NIFTY 1D Time frame

🔍 Current Market Snapshot

Current Level: ₹25,292.45

Day’s Range: ₹25,211.60 – ₹25,331.70

Previous Close: ₹25,327.05

Market Sentiment: Neutral to mildly bearish

📊 Technical Indicators

Moving Averages: The Nifty 50 index is trading slightly below its short-term moving averages, indicating potential resistance.

RSI (14): Approximately 50, suggesting a neutral stance with no clear overbought or oversold conditions.

MACD: Neutral, with the MACD line and signal line close together, indicating indecision in market momentum.

Stochastic Oscillator: Neutral, fluctuating around the midline, reflecting a lack of strong directional movement.

🧮 Strategy / Trade Ideas

Long Setup:

Entry: Consider entering near support levels (~₹25,200) if bullish reversal signals appear.

Stop Loss: Place below ₹24,800 to manage risk.

Target: First resistance around ₹25,400, then ₹25,700.

Short Setup:

Entry: If price fails to break above resistance (~₹25,400) and shows signs of reversal.

Stop Loss: Above ₹25,800.

Target: Downside toward ₹25,200, then ₹24,900.