NIFTYJ2021 trade ideas
Review and plan for 2nd June 2025 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Nifty Futures (NIFTY1!) – Key Levels and Range View
Nifty Futures is currently trading in a broad range between the resistance near 25,100 and the support zone around 24,700. The price is showing sideways movement within this consolidation zone, as seen on the 15-minute chart.
📌 Key Levels:
Resistance (Res): ~25,100
Immediate Support (Sup): ~24,700
Lower Support (Sup): ~24,530
🔍 Observation:
The price has respected the upper resistance multiple times, indicating strong selling pressure around 25,100.
Support near 24,700 has been tested several times, indicating accumulation.
A breakout above resistance may trigger bullish momentum.
A breakdown below 24,700 may lead to further downside toward 24,530.
🎯 Trading Plan:
Wait for a breakout/rejection near resistance or support to take directional trades.
Stay cautious within the range; consider quick scalps with tight stop losses.
📅 Chart Timeframe: 15 Min
💡 Idea Type: Range-Bound Trading / Breakout Watch