NIFTY 50 Intraday Live Session 23 JUN Breakout/Breakdown Levels

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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 24,923 and the support at 24,897 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 24,923
Support: 24,897


• Breakout Scenario:
If price breaks and sustains above 24,923 :
TP1 (1:1): 24,949
TP2 (1:2): 24,975
TP3 (1:3): 25,001

• Breakdown Scenario:
If price breaks and sustains below 24,897 :
TP1 (1:1): 24,871
TP2 (1:2): 24,845
TP3 (1:3): 24,819

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

Information and analysis provided is for educational purposes only.

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Giao dịch được đóng thủ công

📊 NIFTY 50 – Intraday Summary | 23rd June 2025
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Key Consolidation Levels:
Resistance: 24,923
Support: 24,897

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🔻 Morning Session – Breakdown Scenario:
NIFTY broke down below the 24,897 support level.

Targets Achieved:
✅ TP1: 24,871
✅ TP2: 24,845
⚠️ TP3: 24,819 (NIFTY made a low of 24,824.85, narrowly missing the final target)

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🔺 Reversal & Breakout in Later Session:
NIFTY reversed from the day’s low and broke out above 24,923.

Upside Targets Hit:
✅ TP1: 24,949
✅ TP2: 24,975
✅ TP3: 25,001

Day’s High: 📈 25,057

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Market Sentiment:
NIFTY exhibited two-sided movement, first a bearish breakdown followed by a strong bullish reversal.
The index respected technical levels and showed good responsiveness to breakout/breakdown setups.
Ended the day hovering near 25,000, a key psychological level.

🧭 “Stay neutral, stay ready. Let the chart pick the direction.”