Nifty Intraday and Swing Trade Analysis For 06/01/25 And weekly
In this post, I’m sharing my detailed analysis of Nifty 50’s recent price action, focusing on intraday and swing trades. This setup incorporates technical patterns, volume confirmation, and Smart Money Concepts (SMC) to identify high-probability trade opportunities.
Key Observations
Bearish Momentum Across Timeframes: Both daily and intraday charts show strong bearish trends validated by supply zones and volume spikes.
Critical Levels Identified:
Resistance: 24,200 - 24,400 (Supply Zone).
Support: 23,950 (Intraday) and 23,700 - 23,500 (Swing Levels).
Volume Profile: Volume spikes on breakdowns confirm institutional involvement.
Trade Plan: Intraday
Scenario 1: Sell Below 23,950
Entry: Below 23,950 (confirmed breakdown).
Stop Loss: Above 24,050.
Target 1: 23,900.
Target 2: 23,850.
Rationale: Break below 23,950 signals bearish continuation with strong seller dominance.
Scenario 2: Buy Above 24,050
Entry: Above 24,050.
Stop Loss: Below 23,950.
Target 1: 24,100.
Target 2: 24,150.
Rationale: Reclaiming 24,050 indicates a potential bullish reversal.
Confidence Level: Moderate (requires strong buying volume).
SWING TRADING
Scenario 1: Swing Sell Below 23,900
Entry: Below 23,900.
Stop Loss: Above 24,150.
Target 1: 23,700.
Target 2: 23,500.
Rationale: A breakdown below 23,900 aligns with the long-term bearish structure and supply rejection.
Scenario 2: Swing Buy Above 24,200
Entry: Above 24,200.
Stop Loss: Below 24,000.
Target 1: 24,400.
Target 2: 24,600.
Rationale: Clearing the supply zone at 24,200 would confirm a trend reversal.
Confidence Level: Moderate.
Advanced Concepts Used
Smart Money Concepts (SMC):
Supply Zone: 24,200 - 24,400.
Demand Zone: 23,700 - 23,500.
Liquidity Trap: Below 23,950.
Volume Confirmation:
Selling volume spikes during breakdowns confirm bearish moves.
Low-volume retracements suggest weak buying interest.
Indicators:
RSI: Below 50 on daily charts, supporting bearish momentum.
MACD: Bearish crossover on daily charts aligns with the trend.
Moving Averages: Price below the 20 EMA and 50 EMA reinforces bearish bias.
Why This Trade Setup Stands Out
This analysis combines the best of price action, volume confirmation, and advanced SMC tools. Each level and decision is backed by data and market behavior, ensuring a methodical approach to trading.
Disclaimer
The views and trade ideas shared in this post are for informational and educational purposes only. They are not financial advice and should not be construed as a recommendation to buy, sell, or hold any securities or financial instruments. Trading involves significant risk, and you should carefully consider your financial situation, objectives, and risk tolerance before making any trading decisions.
