Nifty 50 Consolidation Zone – Ready to Explode?

Here's a **brief high-level analysis** of the **Nifty 50 Index (15-min chart)**:

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## 📊 **Nifty 50 – Consolidation & Breakout Setup**

* 🧱 **Structure**: Sideways consolidation in a **190-point range**
* 🔍 **Zones**:

* **Resistance**: ₹24,890
* **Support**: ₹24,700.00
* ⚡ **Breakout Watch**: Price approaching upper range
* 🕵️‍♂️ **Volume**: Spikes on breakout attempts hinting smart money interest

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### 📌 **Scenarios to Track**

* ✅ **Bullish breakout above** ₹24,891 could lead to a **target of ₹25,070+**
* ❌ **Failure below** ₹24,700 may retest **₹24,488 support**

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📌 *Ideal for intraday scalping or tight stop swing plays. Wait for volume confirmation on breakout.*