#NIFTY DAILY TF

Ahead of Budget, The NIFTY 50 index is at a make-or-break level, offering both a massive breakout opportunity and a potential bearish trap.

Let's dive into the key insights to stay ahead of the market!

---

### 📌 Market Structure & Trend Analysis
🔹 Current Trend: Short-term correction within a larger bullish cycle.
🔹 Key Battle Zone: The index is testing a critical resistance zone (23,500-23,600), which will determine the next big move.

🔥 Bullish Breakout Potential:
✅ If NIFTY closes above 23,600 with strong volume, expect an explosive rally to 24,500 - 24,800 🚀.
✅ Above 24,800, we may see a run toward 25,000+ ATH in the coming weeks!

⚠️ Bearish Trap & Downside Risk:
❌ A rejection from 23,500-23,600 could trigger a sharp sell-off to 22,800 (strong demand zone).
❌ A break below 22,800 could open doors for a deeper correction to 21,800-22,000.

📊 Indicators Confirming the Setup:

✅ Moving Averages: The 50-day MA (Red Line) is acting as resistance—A breakout confirms bulls are back! but need to settle above 200EMA for it, Else Pressure from Sellers will dominate.
✅ Volume Spike: High volume in the recent bounce signals institutional buying!
✅ Trendline Support: The uptrend structure remains intact above 22,800.

---

### ⚡️ Final Thoughts – The Big Picture

✅ NIFTY is at a high-stakes decision point – the next few sessions will dictate the trend, adding Volatility with Budget Session .
✅ Bulls win above 23,800 → 24,500+ next! 🟢
✅ Bears take control below 22,800 → Possible 22,000 retest! 🔴

🔥 Smart traders are watching this zone like a hawk! Be prepared to act swiftly and ride the wave of momentum! 🌊

RBI Monetary Policy Update at 10 AM
• A 25 bps rate cut is expected.
• Repo rate has remained at 6.50% since Feb 8, 2023.
• This could be the most crucial RBI meeting in the last two years.
• A rate cut might boost liquidity and bring market optimism in the coming months.
• Future rate cut projections & commentary will be key in shaping the market trend.

Let’s see how it unfolds! 🤞🏻
#RBIPolicy