Tomorrow Nifty 50 Intraday Analysis
Tomorrow Nifty 50 Intraday Analysis (15-Min Chart) – Bullish Setup with Ideal Entry, Stop Loss & Targets
If you are an active trader in the Indian stock market, the Nifty 50 intraday chart is flashing a clear trading opportunity today. Let’s decode the price action, identify bullish or bearish trends, and frame the best intraday trading strategy with ideal entry, stop loss, and profit targets.
📊 Nifty 50 Chart Analysis (15-Min Time Frame)
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Current Market Price (CMP): 24,713
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The index recently witnessed a sharp fall from 24,760 to 24,540, forming a short-term bearish phase.
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Buyers strongly defended the 24,560–24,580 demand zone, leading to a V-shaped recovery.
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Price action now shows higher highs and higher lows, supported by upward-sloping moving averages.
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Momentum oscillators are turning from oversold to bullish crossover, confirming near-term upside momentum.
📈 Bullish or Bearish?
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Bias: Short-term Bullish on the 15-min chart.
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The market structure favors buyers as long as 24,660 support holds.
🎯 Intraday Trading Strategy for Nifty 50
Here is a professional trade setup for Nifty 50 intraday trading:
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Buy Entry Zone: 24,690 – 24,710
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Stop Loss: 24,660 (below key support and recent higher low)
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Profit Targets:
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🎯 Target 1 → 24,740
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🎯 Target 2 → 24,770
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🎯 Target 3 → 24,800
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⚖️ Risk Reward Ratio
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Risk per trade: ~45 points
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Potential Rewards:
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Target 1 → +35 pts (0.8 R:R)
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Target 2 → +65 pts (1.4 R:R)
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Target 3 → +95 pts (2.1 R:R)
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👉 Best practice: Book partial profits at Target 1 and trail stop-loss to cost, reducing risk and securing profits.
📐 Chart Pattern & Price Action Logic
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Pattern: V-Shape Recovery after a steep fall.
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Logic: Strong buying pressure at the 24,560–24,580 support zone signals accumulation.
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Breakout above 24,700 adds conviction for further upside towards 24,770–24,800.
⚠️ Probability & Risk
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Profit Probability: Medium to High (60–65%) as long as 24,660 holds.
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Risk Factor: Moderate – If support breaks, quick retest of 24,600–24,580 possible.
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Suitable for intraday traders and short-term swing traders following price action strategies.
✅ Conclusion
The Nifty 50 index is showing a short-term bullish trend on the 15-min chart. Traders can look for long opportunities near 24,700 with targets up to 24,800 and a strict stop loss at 24,660.
This trade setup provides a 2:1 risk reward ratio, making it one of the best intraday opportunities for today. Always remember to manage risk, trail stop-losses, and book profits systematically.
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