Nifty 50 futures<\/h2>\n\n\n\nThe Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Slide2-1-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who are holding a long position may continue to hold, as the market is currently forming a bull flag after a sharp sell-off from the highs near 26,400. The flag has been forming for several weeks with overlapping bars and a slight downward drift, which is typical price action in a bull flag. Traders may keep their stops below the recent swing low around 22,400 to give the market room to complete the flag before a potential breakout to the upside.<\/li>\n\n\n\n
- Traders who are holding a short position may want to be cautious here. The sharp bear trend from the all-time high has stalled, and the market is now in a bull flag, which is a continuation pattern that favors the bulls. Chances are that the market may attempt a measured move up, so traders holding shorts may consider tightening stops or taking partial profits near current levels.<\/li>\n\n\n\n
- Traders who are not holding any position may wait for a breakout above the upper trend line of the bull flag before entering a long. If the market breaks above the flag with a strong bull bar closing near its high, that would be a reasonable entry for a long trade with a stop below the breakout bar or below the flag’s lower boundary. Alternatively, traders may also look to sell a failed breakout below the flag if the market reverses strongly after attempting to break above.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
\n- The weekly chart shows a very sharp and strong bear trend from the highs near 26,400 down to the lows around 21,600, covering a significant portion of the prior bull trend. This type of steep sell-off often leads to at least a minor pullback or consolidation before the market decides its next direction. The bull flag that has formed after this sell-off is showing overlapping bull and bear bars, which is a sign that both sides are active and neither has yet gained full control.<\/li>\n\n\n\n
- The bars within the bull flag have relatively small bodies compared to the large bear bars that drove the decline. This is a sign that the selling pressure has weakened considerably. When the market forms small overlapping bars after a sharp move, it often means that the market is in a tight trading range and is deciding whether the original trend will resume or whether a new leg in the opposite direction will develop. Traders should be aware that the first breakout attempt from a tight range often fails before the real move begins.<\/li>\n\n\n\n
- The bull flag is forming with a slight downward slope, which is the typical and most bullish type of flag. A downward-sloping flag after a sharp sell-off suggests that the selling during the consolidation is weak and that the bulls are gradually absorbing the selling. If the market breaks above the flag with conviction, it may offer a measured move target based on the height of the prior bear leg, but traders should manage expectations since the larger context still shows the market well below its all-time highs.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The most prominent pattern on the weekly chart is the bull flag, clearly annotated on the chart. The flag consists of several weeks of sideways-to-slightly-lower price action following the sharp bear leg down from approximately 26,400. If the market breaks out above the upper boundary of the flag with a strong bull bar, traders may look for a measured move up based on the flag’s pole, with a potential target back toward the 24,000\u201325,000 area.<\/li>\n\n\n\n
- On the larger scale, the weekly chart shows a broad trading range that has been in place for over a year, with the market oscillating between roughly 21,600 and 26,400. The current bull flag is forming near the lower end of this large trading range, which adds significance to any upside breakout. Traders may watch whether the market can reclaim the midpoint of the larger range, around 24,000, as a sign that the bulls are regaining control.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Daily<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Slide3-1-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who are holding a long position from the lower end of the trading range may consider taking partial profits near the upper boundary of the range, which is approximately 24,000\u201324,200 on the daily chart. Since the market has been in a clear trading range for several weeks, it is reasonable to expect the market to reverse near the top of the range rather than break out immediately. Traders may keep a portion of their position with a stop below the range low in case the market does eventually break out to the upside.<\/li>\n\n\n\n
- Traders who are holding a short position from the upper end of the range may similarly look to take profits near the lower boundary of the trading range, around 23,000. The market has shown consistent reversals at both ends of the range, and chances are that the lower boundary will provide at least a temporary support. Traders may want to avoid holding shorts too aggressively below the range as failed breakouts to the downside are common in this type of price action.<\/li>\n\n\n\n
- Traders who are not holding any position may look to buy near the bottom of the trading range or sell near the top, using the range boundaries as reference points. A reasonable long entry would be near 23,000\u201323,200, with a stop just below the most recent swing low. A short entry near 24,000\u201324,200 with a stop above the range high is also a viable trade. However, traders should be prepared for failed breakouts and quick reversals in both directions, which is the hallmark of a trading range environment.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
\n- The daily chart shows that after the sharp sell-off from the highs near 25,600 down to the lows around 22,200, the market has entered into a clear trading range. The range is bounded approximately between 23,000 on the low end and 24,200 on the high end, and the market has been oscillating between these two levels for several weeks. The fact that the market is not making new lows after such a sharp decline suggests that the bears are losing their grip and the bulls are starting to absorb the selling pressure.<\/li>\n\n\n\n
- Within the trading range, the market has been forming large bear bars followed by large bull bars, with no clear follow-through in either direction. This type of alternating price action is a strong sign of a balanced market where neither the bulls nor the bears are in control. Traders should manage their trades accordingly, meaning they should expect reversals and not hold out for large moves in any single direction. Any breakout that does occur from this range should be tested carefully, as the first breakout from a prolonged trading range often fails before the real move takes hold.<\/li>\n\n\n\n
- Toward the right side of the chart, the market appears to have tested the lower end of the trading range around 23,000. This area has acted as support on multiple occasions within the range. However, the recent bars in this area show the market closing near the lows, which suggests that bears are still active. Traders may wait for a strong bull reversal bar at this level before committing to a long, rather than buying into weakness.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The dominant pattern on the daily chart is the trading range, clearly annotated in the grey shaded box on the right side of the chart. The range has been in place for several weeks and continues to contain price action between approximately 23,000 and 24,200. Traders should assume that this range will continue until the market gives a clear and strong breakout with follow-through, which has not yet happened.<\/li>\n\n\n\n
- On the larger scale, the trading range on the daily chart is forming within the context of the bull flag visible on the weekly chart. This means that the daily trading range may ultimately resolve to the upside if the weekly bull flag pattern plays out. However, traders should not anticipate a breakout on the daily chart just because of the weekly pattern \u2014 they should wait for the daily chart to confirm a breakout before taking action.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
\n
- \n
- General Discussion<\/strong>\n
- \n
- Traders who are holding a long position may continue to hold, as the market is currently forming a bull flag after a sharp sell-off from the highs near 26,400. The flag has been forming for several weeks with overlapping bars and a slight downward drift, which is typical price action in a bull flag. Traders may keep their stops below the recent swing low around 22,400 to give the market room to complete the flag before a potential breakout to the upside.<\/li>\n\n\n\n
- Traders who are holding a short position may want to be cautious here. The sharp bear trend from the all-time high has stalled, and the market is now in a bull flag, which is a continuation pattern that favors the bulls. Chances are that the market may attempt a measured move up, so traders holding shorts may consider tightening stops or taking partial profits near current levels.<\/li>\n\n\n\n
- Traders who are not holding any position may wait for a breakout above the upper trend line of the bull flag before entering a long. If the market breaks above the flag with a strong bull bar closing near its high, that would be a reasonable entry for a long trade with a stop below the breakout bar or below the flag’s lower boundary. Alternatively, traders may also look to sell a failed breakout below the flag if the market reverses strongly after attempting to break above.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
- \n
- The weekly chart shows a very sharp and strong bear trend from the highs near 26,400 down to the lows around 21,600, covering a significant portion of the prior bull trend. This type of steep sell-off often leads to at least a minor pullback or consolidation before the market decides its next direction. The bull flag that has formed after this sell-off is showing overlapping bull and bear bars, which is a sign that both sides are active and neither has yet gained full control.<\/li>\n\n\n\n
- The bars within the bull flag have relatively small bodies compared to the large bear bars that drove the decline. This is a sign that the selling pressure has weakened considerably. When the market forms small overlapping bars after a sharp move, it often means that the market is in a tight trading range and is deciding whether the original trend will resume or whether a new leg in the opposite direction will develop. Traders should be aware that the first breakout attempt from a tight range often fails before the real move begins.<\/li>\n\n\n\n
- The bull flag is forming with a slight downward slope, which is the typical and most bullish type of flag. A downward-sloping flag after a sharp sell-off suggests that the selling during the consolidation is weak and that the bulls are gradually absorbing the selling. If the market breaks above the flag with conviction, it may offer a measured move target based on the height of the prior bear leg, but traders should manage expectations since the larger context still shows the market well below its all-time highs.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The most prominent pattern on the weekly chart is the bull flag, clearly annotated on the chart. The flag consists of several weeks of sideways-to-slightly-lower price action following the sharp bear leg down from approximately 26,400. If the market breaks out above the upper boundary of the flag with a strong bull bar, traders may look for a measured move up based on the flag’s pole, with a potential target back toward the 24,000\u201325,000 area.<\/li>\n\n\n\n
- On the larger scale, the weekly chart shows a broad trading range that has been in place for over a year, with the market oscillating between roughly 21,600 and 26,400. The current bull flag is forming near the lower end of this large trading range, which adds significance to any upside breakout. Traders may watch whether the market can reclaim the midpoint of the larger range, around 24,000, as a sign that the bulls are regaining control.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Daily<\/em> Nifty 50 chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- General Discussion<\/strong>\n
- \n
- Traders who are holding a long position from the lower end of the trading range may consider taking partial profits near the upper boundary of the range, which is approximately 24,000\u201324,200 on the daily chart. Since the market has been in a clear trading range for several weeks, it is reasonable to expect the market to reverse near the top of the range rather than break out immediately. Traders may keep a portion of their position with a stop below the range low in case the market does eventually break out to the upside.<\/li>\n\n\n\n
- Traders who are holding a short position from the upper end of the range may similarly look to take profits near the lower boundary of the trading range, around 23,000. The market has shown consistent reversals at both ends of the range, and chances are that the lower boundary will provide at least a temporary support. Traders may want to avoid holding shorts too aggressively below the range as failed breakouts to the downside are common in this type of price action.<\/li>\n\n\n\n
- Traders who are not holding any position may look to buy near the bottom of the trading range or sell near the top, using the range boundaries as reference points. A reasonable long entry would be near 23,000\u201323,200, with a stop just below the most recent swing low. A short entry near 24,000\u201324,200 with a stop above the range high is also a viable trade. However, traders should be prepared for failed breakouts and quick reversals in both directions, which is the hallmark of a trading range environment.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
- \n
- The daily chart shows that after the sharp sell-off from the highs near 25,600 down to the lows around 22,200, the market has entered into a clear trading range. The range is bounded approximately between 23,000 on the low end and 24,200 on the high end, and the market has been oscillating between these two levels for several weeks. The fact that the market is not making new lows after such a sharp decline suggests that the bears are losing their grip and the bulls are starting to absorb the selling pressure.<\/li>\n\n\n\n
- Within the trading range, the market has been forming large bear bars followed by large bull bars, with no clear follow-through in either direction. This type of alternating price action is a strong sign of a balanced market where neither the bulls nor the bears are in control. Traders should manage their trades accordingly, meaning they should expect reversals and not hold out for large moves in any single direction. Any breakout that does occur from this range should be tested carefully, as the first breakout from a prolonged trading range often fails before the real move takes hold.<\/li>\n\n\n\n
- Toward the right side of the chart, the market appears to have tested the lower end of the trading range around 23,000. This area has acted as support on multiple occasions within the range. However, the recent bars in this area show the market closing near the lows, which suggests that bears are still active. Traders may wait for a strong bull reversal bar at this level before committing to a long, rather than buying into weakness.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The dominant pattern on the daily chart is the trading range, clearly annotated in the grey shaded box on the right side of the chart. The range has been in place for several weeks and continues to contain price action between approximately 23,000 and 24,200. Traders should assume that this range will continue until the market gives a clear and strong breakout with follow-through, which has not yet happened.<\/li>\n\n\n\n
- On the larger scale, the trading range on the daily chart is forming within the context of the bull flag visible on the weekly chart. This means that the daily trading range may ultimately resolve to the upside if the weekly bull flag pattern plays out. However, traders should not anticipate a breakout on the daily chart just because of the weekly pattern \u2014 they should wait for the daily chart to confirm a breakout before taking action.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- General Discussion<\/strong>\n