S&P CNX NIFTY INDEX FUTURES
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" Path of least resistance is up" Lets catch the dip////???

282

**NIFTY FUTURES - Weak Double Top Formation**

📊 **Current Setup:**
- Weak double top pattern identified near 25 500 levels
- Rising VWAP providing dynamic support from below
- Limited volume at recent highs suggesting weak resistance

🔍 **Key Observations:**
- The double top shows relatively weak conviction with minimal volume spikes at the peaks
- Lack of significant selling pressure at resistance levels
- Rising VWAP could act as immediate support on any pullback
- path of least resistance is currently up and no volume spike resistance in its direction

⚠️ **Trading Considerations:**
- Possible retest of the highs given weak resistance
- Watch for volume confirmation on any breakout attempt
- VWAP support around 25,268-25,275 area crucial to monitor
- Without volume expansion, range-bound action likely to continue

📈 **Bias:** Neutral to slightly bullish given the weak nature of the resistance and rising VWAP support

**Key Levels:**
- Resistance: 25,443 (recent high)
- Support: 25,275 (VWAP) / 25,004 (lower range)

*Trade what you see, not what you think. Always manage risk.*

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