Nifty 50 Index Chart Analysis (15-Minute Timeframe)

22 Jul

Nifty 50 Index Chart Analysis (15-Minute Timeframe)

Key Levels:
- **Resistance:** 24,575.85, 24,660.65, 24,835.65
- **Support:** 24,439.30, 24,194.55

Trading Ideas:

1. **Bullish Scenario:**
- **Breakout Above 24,575.85:**
- Target: 24,660.65, then 24,835.65
- Strategy: Enter long on breakout confirmation.

2. **Bearish Scenario:**
- **Breakdown Below 24,439.30:**
- Target: 24,194.55
- Strategy: Enter short on breakdown confirmation.

3. **Range-Bound Scenario:**
- **Between 24,575.85 and 24,439.30:**
- Strategy: Buy near 24,439.30 support, sell near 24,575.85 resistance.

Trading Tips:
- **Breakout Trading:** Enter on confirmed breakouts with volume.

- **Range Trading:** Buy at support, sell at resistance.

- **Risk Management:** Use stop-loss orders and proper position sizing to manage risk.