Market Overview: Nifty 50 Futures
Nifty 50 Big Up & Big Down on the monthly chart. The market closed strongly bullish on the monthly chart and is now approaching the All-Time High. If the bulls fail to extend this upward move, a triangle pattern will be confirmed. On the weekly chart, Nifty 50 is still trading within the bull channel. This week, the market closed slightly bearish and is currently trading near the upper boundary of the bull channel.
Nifty 50 futures
The Monthly Nifty 50 chart
- General Discussion
- Traders holding long positions can continue to hold, as the bull leg is very strong. Exiting before a strong bear bar or consecutive bear bars would not be prudent.
- Traders who believe a trading range or triangle is likely should wait to sell until the market gives a strong bear close.
- Deeper into the Price Action
- The market has formed a V-shaped pattern (a big up and big down move), which usually leads to a trading range.
- Since the chances of either a successful bull breakout of the all-time high or a trading range are equally high, traders should wait for clear signs from the market.
- If the market starts forming small-bodied bars with weak follow-through, traders can begin treating it like a trading range. Otherwise, they can enter on a bull breakout and hold for swings.
- Patterns
- The market is trading within a possible triangle pattern. If it breaks out strongly on the upside with follow-through, the chances of reaching a measured move equal to the height of the bull leg will increase.
The Weekly Nifty 50 chart
- General Discussion
- Traders holding a long position should continue to hold, as the market is trading inside a strong bull channel.
- Since the bull channel is tight, bears should only enter near the highs of the bars using limit orders, instead of using stop orders at the lows of the bars.
- Traders not in any position may wait for the market to approach the bottom of the channel again to enter a long position.
- Deeper into Price Action
- The market is approaching the all-time high, which suggests that trading range price action will soon increase on the weekly chart.
- The market typically begins to show trading range behavior when it reaches key levels such as big round numbers, all-time highs or lows, or major support or resistance levels.
- Patterns
- Often, if the bulls achieve a successful breakout from a bull channel, the probability of a measured move up based on the height of the channel is high.
- However, in this case, the target might not be achieved immediately, as the bull channel is positioned just below the all-time high.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
Awaiting your response.
Hey Rishi, Thank you for this report; I really appreciate it.
I wanted to know that on a daily chart of Nifty50, we have a wedge bull flag this week that tried to test the BO point (high of 24th June) but failed. We also have H1 failing after the BUBO of the TR that you mentioned in your previous report (June 28th, 2025). However, on Friday we have a bull bar closing near its high and a tail below, which created a micro gap based on its low and high of June 24, 2025, which is a sign of strength from the bulls and a potential exit from the disappointed bears who could not test the high of June 24. So, is entering with a stop order above the high of this Friday a reasonable entry to get long next week, or should I wait for a 2nd entry buy signal bar with a decent-sized body closing near because we have a tight bear MC this week and there is a possibility of a small 2nd leg down before the market reverses?
Additionally, in general, if I am looking to enter longs, then do I simply enter on the open whenever the market triggers the H2, or should I wait for the entire day to form a bar and then enter after its close for a better confirmation?
I hope my doubt/question is making sense; please let me know if you have any questions for me and also share your feedback about my reading on the current price action. I’d really appreciate your feedback. Thank you.
Hello Anubhav, sorry for the late reply.
Could you please create a post in the forum with the annotated picture so that I can better understand the question.