Nifty's Key Levels & Trade Plan for 08/01/25

https://www.tradingview.com/x/Rw91mWq4/

Hi Guys,

Here’s the breakdown of my Nifty analysis for today:

Resistance Levels:

23,800: Immediate resistance.
23,880: Strong selling zone; breakout could lead to 24,050.


Support Levels:

23,600: Key support with high Put OI.
23,500: Psychological level; a breakdown could take us to 23,400.
My Trade Plan:

Buy Above 23,810:

Target 1: 23,880
Target 2: 24,050
Stop-Loss: 23,780


Sell Below 23,590:

Target 1: 23,500
Target 2: 23,400
Stop-Loss: 23,620


View:
The market looks range-bound between 23,600 and 23,800 unless we see a breakout or breakdown with strong volume. Stay cautious of false moves!

Disclaimer:
This is purely my personal analysis and not financial advice. Please trade based on your own research and risk management.

What’s your view on today’s price action? Let’s discuss!