Nifty, Bank Nifty & Fin Nifty Intraday Trading Signals: Short Covering Above 24,750 Key Level
By CapitalKeeper | Nifty & Bank Nifty | Indian Equities | Market Moves That Matter
Live intraday strategies for Nifty, Bank Nifty & Fin Nifty. Key breakout above 24,750 could trigger short covering; support at 24,620 and resistance at 24,780.
Nifty, Bank Nifty & Fin Nifty Intraday Trading Strategies – Short Covering Setup Emerging
Market Overview (Live Data)
- Nifty: Open 24,642.25 → Now 24,801.25
- Bank Nifty: Open 55,728.15 → Now 55,980.45
- Fin Nifty: Open 26,495.15 → Now 26,619.55
Key Highlights:
- PUT OI increasing (fresh support forming) while CALL OI also building (resistance heavy).
- Short covering trigger above 24,780-24,800 zone.
- Weekly support shifted lower near 24,530–24,540; strong bounce likely if dips sustain.
Nifty Intraday Strategy
- Support Zone: 24,620 – 24,630 (critical intraday base)
- Resistance Zone: 24,770 – 24,780 (heavy call writing zone)
- Breakout Signal:
- 30-minute hold above 24,750 = Short covering possible toward 24,870–24,900.
- Below 24,620, expect downside toward 24,540.
Trade Plan:
- Buy above 24,750 (Target 24,870/24,920 | SL 24,700)
- Sell below 24,620 (Target 24,540/24,500 | SL 24,660)
Bank Nifty Intraday Strategy
- Support: 55,700 / 55,600 / 55,400
- Resistance: 56,000 / 56,150 / 56,300
- Bias: Mild positive, but watch 56,000 breakout for momentum.
Trade Plan:
- Buy above 56,000 (Target 56,300 | SL 55,850)
- Sell below 55,600 (Target 55,400 | SL 55,750)
Fin Nifty Intraday Strategy
- Support: 26,500 / 26,450
- Resistance: 26,650 / 26,720
- Bias: Rangebound; breakout likely on 26,650.
Trade Plan:
- Buy above 26,650 (Target 26,720 | SL 26,600)
- Sell below 26,500 (Target 26,420 | SL 26,540)
Key Observations
- Short covering visible in 24,700 CE → bullish sign for Nifty if sustained above 24,750.
- Volatility drivers:
- U.S. market cues ahead of Fed outcome.
- Domestic FII/DII positioning remains mixed.
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