✅ Our Nifty 50 Levels Nailed It Again!
In our previous post, we highlighted that ₹25,150–₹25,200 was a strong supply zone and advised caution unless there was a breakout with volume. Today, Nifty hit a high right near ₹25,200 and then reversed — exactly as projected
📉 Nifty 50 Short-Term View (1Hr Timeframe)
📍 Current Price: ₹25,064
❌ Failed Breakout: Price could not sustain above ₹25,200 — validating the resistance
🔻 Immediate Support: ₹24,950 (price hovering just above it now)
🛡️ Strong Support Zone: ₹24,600–₹24,550
📉 A break below ₹24,950 could drag Nifty toward ₹24,600
📊 RSI has cooled off to ~46.7, showing weakening momentum after a brief pickup yesterday
🔍 Sectoral Snapshot (Simple & Clear)
✅ Banks, Auto, Infra: Still looking strong and holding up the market
❌ FMCG, IT, Pharma: Moving down and pulling Nifty lower
🟠 PSU Banks & Realty: Tried to rise but lost strength intraday
🧠 Takeaway
The rejection at the supply zone reaffirms the accuracy of our chart structure and level-based approach. Unless Nifty decisively breaks above ₹25,200 with volume, upside may remain capped. Traders should watch ₹24,950 closely — a breakdown here could invite further selling toward ₹24,600
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