📌 NIFTY | 5 min Idea – 03 Jun 2025
Bias: Neutral to Bearish
CMP: 24,634
Market Structure
• Sideways range between 24,570–24,700 after sharp rejection from highs.
• Lower highs forming under a descending trendline – pressure building for breakout or breakdown.
Levels
│ R1 24,700 │ R2 24,760
│ S1 24,570 │ S2 24,525
Trade Plan
🟢 Breakout Long → Entry on 5‑min candle close > 24,700.
Targets 24,760 / 24,800 | SL 24,665.
🔴 Breakdown Short → Entry on 5‑min close < 24,570.
Targets 24,525 / 24,472 | SL 24,610.
Notes
• 24,700 = key horizontal + trendline resistance; breakout may trigger fast move.
• Breakdown below 24,570 puts price at risk of testing major supports quickly.
Set alerts at 24,700 and 24,570; manage risk ≦ 1% per trade.
#PriceAction #NIFTY #5min #GLOBALTRADESECURITIES
Bias: Neutral to Bearish
CMP: 24,634
Market Structure
• Sideways range between 24,570–24,700 after sharp rejection from highs.
• Lower highs forming under a descending trendline – pressure building for breakout or breakdown.
Levels
│ R1 24,700 │ R2 24,760
│ S1 24,570 │ S2 24,525
Trade Plan
🟢 Breakout Long → Entry on 5‑min candle close > 24,700.
Targets 24,760 / 24,800 | SL 24,665.
🔴 Breakdown Short → Entry on 5‑min close < 24,570.
Targets 24,525 / 24,472 | SL 24,610.
Notes
• 24,700 = key horizontal + trendline resistance; breakout may trigger fast move.
• Breakdown below 24,570 puts price at risk of testing major supports quickly.
Set alerts at 24,700 and 24,570; manage risk ≦ 1% per trade.
#PriceAction #NIFTY #5min #GLOBALTRADESECURITIES
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.