Nifty, Bank Nifty & Fin Nifty Intraday Trading Levels: Rangebound Expiry with Key Support & Resistance
By CapitalKeeper | Nifty & Bank Nifty | Indian Equities | Market Moves That Matter
Track live intraday strategies for Nifty, Bank Nifty, and Fin Nifty. Key support at 24,720 and resistance at 24,980; volatility expected near expiry.
Nifty, Bank Nifty & Fin Nifty Intraday Trading Strategies – Rangebound with Volatility
Market Overview (Live Data)
- Nifty: Opened at 24,890.40, now at 24,836.65
- Bank Nifty: Opened at 56,310.10, now at 56,191.70
- Fin Nifty: Opened at 26,749.90, now at 26,680.90
Key Observation:
- Strong buildup of Open Interest (OI) in both Call & Put strikes indicates a range-bound expiry ahead.
- Support Zone for Nifty: 24,720 – 24,730
- Resistance Zone for Nifty: 24,970 – 24,980
- Expiry may remain volatile within this band; sharp moves possible near key levels.
Nifty Intraday Strategy
- Weakness Trigger: Below 24,834 spot → Expect decline toward 24,780, panic below 24,780.
- Upside Reversal: Sustained above 24,900 may lead to 24,950–25,000 test intraday.
- Trade Plan:
- Buy near 24,730–24,750 with SL 24,700, Target 24,870/24,920.
- Sell on rise near 24,950 with SL 24,980, Target 24,850/24,780.
Bank Nifty Intraday Strategy
- Critical Weakness Level: Spot below 56,100 → More downside toward 55,900–55,750.
- Upside Zone: Above 56,400 may see quick move to 56,700/57,000.
- Trade Plan:
- Buy dips near 55,950–56,000 with SL 55,800, Target 56,400/56,700.
- Sell near 56,700 with SL 56,900, Target 56,300/56,100.
Fin Nifty Intraday Strategy
- Support Zone: 26,600–26,640
- Resistance Zone: 26,850–26,900
- Trade Plan:
- Buy near 26,620–26,650 with SL 26,580, Target 26,750/26,820.
- Sell near 26,850 with SL 26,900, Target 26,720/26,640.
Sectoral View
- Metals & Pharma: Buy on dips (short-covering likely).
- IT & FMCG: Mixed movement; avoid aggressive trades.
- Banking (Private & PSU): Rangebound but volatility expected near expiry.
Risk Note
- Expiry Week: Expect whipsaws near support/resistance; avoid overleveraging.
- Key Levels to Watch Today:
- Nifty: 24,834 (weakness trigger) & 24,780 (panic trigger)
- Bank Nifty: 56,100 (weakness trigger)
- Fin Nifty: 26,600 (support)
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