SELL : NIFTY28OCT25FUT( NIFTY ) [52168]

TRADE RATIONALE

Stock/Instrument: NIFTY28OCT25FUT (NIFTY) [52168]
Call Type: SELL
Entry Range: ₹25,110
Stop Loss: ₹25,200
Targets: ₹25,010 / — / —
Upside Potential: 100 points
Duration: BTST / STBT
Provided by: Equity Guru MS | SEBI Reg. No. INH000019497

🔍 Technical View

• Trend Direction:
  Nifty has shifted into a short-term corrective phase after failing to sustain above the 25,200 resistance zone.
  The index is trading below its VWAP and 20 EMA on intraday charts, indicating bearish momentum.

• Price Action Insight:
  A clear breakdown was observed below 25,120–25,130, confirming selling pressure from higher levels.
  The pattern resembles a lower-high, lower-low structure, typical of a short-term downtrend.

• Resistance & Support Levels:

  • Resistance (SL zone): ₹25,200 — near intraday swing high.

  • Immediate Support: ₹25,010 — expected short-term target.

  • Next Support (if extended): ₹24,950 zone.

• Momentum Indicators:
  RSI has slipped below 45 on 15-min charts — suggesting declining strength.
  MACD crossover turned negative, confirming a sell signal.

• Volume & Market Breadth:
  Increasing sell-side volume and weakness in major heavyweights (BANKNIFTY, RELIANCE, INFY) support the bearish setup.

📘 Trade Setup Summary

⚙️ Strategy Notes

✅ Enter short only below ₹25,110 with volume confirmation.
✅ Book partial profits at ₹25,010; trail SL to ₹25,080 after achieving T1.
✅ Avoid trade if Nifty closes above ₹25,200 or reclaims VWAP.
🚫 Always maintain strict SL discipline; avoid averaging in loss.

💬 Analyst View

The index is facing resistance at higher levels amid profit booking and weak global cues.
The risk-reward ratio (1:1) remains favorable for short-term traders looking to capitalize on this bearish pullback.

📜 Issued by:
Manjushri Sharma
SEBI Registered Research Analyst
📞 6269562635 | ✉️ sharma.manjushri@gmail.com
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