NIFTY 50 Intraday 03 JUN| Breakout or Breakdown Scenario

3 cze

NIFTY – Key Levels Setup | Breakout or Breakdown Scenario

According to the price action observed at session start , NIFTY is currently consolidating between the resistance at 24,669 and the support at 24,575 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 24,669
Support: 24,575


• Breakout Scenario:
If price breaks and sustains above 24,669 :
TP1 (1:1): 24,763
TP2 (1:2): 24,857
TP3 (1:3): 24,951

• Breakdown Scenario:
If price breaks and sustains below 24,575 :
TP1 (1:1): 24,481
TP2 (1:2): 24,387
TP3 (1:3): 24,293

"Stay neutral, stay ready. Let the chart pick the direction."

Information and analysis provided is for educational purposes only.

3 cze

Transakcja zamknięta: osiągnięto wyznaczony cel

📊 NIFTY – Intraday Summary | 03 June 2025
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🔍 Pre-Market Outlook:
At session start, NIFTY was consolidating between the resistance at 24,669 and support at 24,575, indicating potential for a directional breakout depending on price action.


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📈 Breakout Scenario:
Triggered above 24,669
Target Achieved: ✅ TP1 – 24,763

The price broke above the resistance early in the session and achieved the first breakout target, showing bullish momentum initially.


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📉 Breakdown Scenario:
Triggered below 24,575
Target Missed: ❌ TP1 – 24,481

In the second half, NIFTY reversed sharply, triggering a breakdown, but it could not reach the first target. Despite the reversal, selling pressure persisted, leading to a negative close.


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📌 Summary Notes:
NIFTY displayed both breakout and breakdown scenarios within the same session.
Only the first breakout target was hit; the breakdown attempt was weak and missed its target.
Overall market sentiment leaned bearish indicating increasing sell-side momentum.

📉 Close Price: 24,538.40
🔴 Market Bias Today: Bearish