Tomorrow Financial Market Outlook

Nifty 50 Intraday Trading Strategy – Bearish Rejection and Key Levels to Watch

The Nifty 50 index on the 15-minute chart is showing a fresh trading opportunity for intraday traders. After a sharp move upward, the index faced rejection at higher levels and is now trading with weakness. Let’s analyze whether the market is bullish or bearish, identify the ideal entry price, stop loss, and profit targets, and build a risk-managed trading plan using price action trading.

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📊 Nifty 50 Technical Chart Analysis (15-Min Time Frame)

• Current Price (CMP): ~24,790

• Price faced strong rejection near 24,870–24,880, confirming supply pressure.

• The moving average is flattening and beginning to slope down, indicating a short-term trend reversal.

• Momentum indicators also confirm a loss of buying strength.

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📈 Bullish or Bearish?

• Bias: Short-term Bearish below 24,820.

• Alternate View: If 24,740–24,760 support holds and a bullish reversal candle appears, buyers can regain control.

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🎯 Intraday Trading Strategy for Nifty 50

Primary Trade (Short Setup)

• Entry Zone: 24,770 – 24,790

• Stop Loss: 24,820 (above recent swing high)

• Profit Targets:

  • 🎯 Target 1 → 24,720

  • 🎯 Target 2 → 24,660

  • 🎯 Target 3 → 24,600

👉 Risk–Reward Ratio:

• Risk: ~40 points

• T1: +60 points (1.5 : 1 R:R)

• T2: +120 points (3 : 1 R:R)

• T3: +180 points (4.5 : 1 R:R)

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Alternate Trade (Bullish Reversal Setup)

• Entry Zone: 24,740 – 24,760 (only if reversal candle forms)

• Stop Loss: 24,720

• Targets: 24,840 → 24,880

• Risk–Reward: 3:1 if support holds

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📐 Chart Pattern & Price Action Logic

• Pattern: Rejection / Potential Double Top near 24,870–24,880.

• Logic: Sellers defended resistance, pushing price lower. Short-term lower highs plus weakening momentum show a bearish setup.

• Strong demand is visible around 24,660–24,720, making it a key support area.

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⚖️ Probability & Risk Assessment

• Profit Probability (Short Trade): 55–65% if below 24,820.

• Risk: Sudden reversal if buyers defend 24,760 aggressively.

• Invalidation: Sustained breakout above 24,835–24,850 with momentum cancels bearish view.

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✅ Conclusion

The Nifty 50 index intraday analysis suggests a short trade opportunity below 24,820 with a downside target up to 24,600. Traders should follow strict stop loss discipline and trail profits to maximize gains. Alternatively, if the 24,740–24,760 zone holds, a reversal trade towards 24,880 is possible.

This setup provides a favorable risk reward ratio and is one of the best intraday trading strategies for today. Always remember to manage position sizing and protect capital in volatile markets.