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.
đ 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. đ 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 đ Possible Scenarios đ´ Bearish (Your Scenario) Below 25,300 (daily close) Targets: 25,050 24,900 24,700 (major support) ...