NIFTY 50 Intraday 02 JUN| Breakout or Breakdown Scenario

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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 24,583 and the support at 24,548 . The structure suggests price is coiling, and a decisive move beyond either level could trigger a directional breakout.

• Key Levels:
Resistance: 24,583
Support: 24,548


• Breakout Scenario:
If price breaks and sustains above 24,583 :
TP1 (1:1): 24,618
TP2 (1:2): 24,653
TP3 (1:3): 24,688

• Breakdown Scenario:
If price breaks and sustains below 24,548 :
TP1 (1:1): 24,513
TP2 (1:2): 24,478
TP3 (1:3): 24,443

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

Information and analysis provided is for educational purposes only.

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📈 NIFTY – Intraday Summary | 2nd June 2025

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🔹 Morning Analysis:
NIFTY was observed consolidating between the key levels:

Resistance: 24,583
Support: 24,548

A breakout or breakdown was expected based on which level was breached first.

🔹 Breakout Scenario Levels (Triggered Today):
TP1: 24,618 ✅
TP2: 24,653 ✅
TP3: 24,688 ✅

🔹 Market Movement:
As per the analysis, NIFTY broke above the resistance of 24,583 early in the session. It steadily moved higher, achieving all three breakout targets. Price remained strong and held above key levels throughout the day, confirming a clean breakout.

🔚 Closing Note:
NIFTY followed the planned breakout scenario perfectly, offering a clean directional move for intraday traders.