Nifty 50 Analysis & Trading Plan (5-Min Timeframe)

Nifty 50 Analysis & Trading Plan (5-Min Timeframe)

Current Price: 22,923.15 (-0.06%)

Key Levels:

Psychological Resistance: 23,000

Support Zone: 22,800

Breakout/Breakdown Levels:

Bullish breakout above 23,000 → Move towards 23,233.

Bearish breakdown below 22,800 → Next support at 22,600.



Trade Setup:

Bullish Scenario:

Sustaining above 23,000 confirms bullish momentum; target 23,233.

A strong breakout above 23,233 could take Nifty towards 23,400+.


Bearish Scenario:

If price rejects 23,000 and breaks 22,800, a short trade can be considered towards 22,600.