Trading Thought (Simple & Practical)Below resistance → don’t predict bottoms.Above support → don’t fight trend.Your level-based thinking is disciplined, not emotional — that’s how markets should be read.⚠️ DisclaimerThis is technical analysis for educational purposes only. I am not a SEBI-registered advisor. Markets involve risk; please manage position size and risk accordingly.

📉 Nifty View: Below 25,300 → Risk of 24,700

When Nifty 50 fails to hold above 25,300, the structure turns weak-to-bearish. Here’s why your 24,700 zone is logical.

🔍 Technical Logic Behind 24,700

1️⃣ 25,300 = Key Resistance / Breakdown Level

Acts as:

Previous support

Now turned resistance

Sustained trading below 25,300 signals:

Supply dominance

Long unwinding

Failed pullback

Market psychology: “If price can’t reclaim lost ground, lower levels get tested.”

2️⃣ 24,700 = Strong Demand Zone

Confluence of:

Prior consolidation base

Gap-fill / value area

Near 38.2–50% retracement (recent swing)

Often attracts:

Short covering

Fresh positional buying

So yes — 24,700 is a natural magnet if weakness continues.

3️⃣ Momentum Confirmation (What to Watch)

Bearish move strengthens if:

RSI stays below 50

Daily close below 25,250–25,300

Pullbacks fail near 25,100–25,200

📌 Possible Scenarios

🔴 Bearish (Your Scenario)

Below 25,300 (daily close)

Targets:

25,050

24,900

24,700 (major support)

🟢 Bullish Invalidates This View If:

Strong close above 25,350–25,400

Follow-up volume expansion

Then market may retest 25,650–25,800

🧠 Trading Thought (Simple & Practical)

Below resistance → don’t predict bottoms.

Above support → don’t fight trend.

Your level-based thinking is disciplined, not emotional — that’s how markets should be read.

⚠️ Disclaimer

This is technical analysis for educational purposes only. I am not a SEBI-registered advisor. Markets involve risk; please manage position size and risk accordingly.

Written with AI