Based on the 15-minute candlestick chart of NIFTY Futures ending on 5 June 2025, hereโ€™s a technical outlook:


๐Ÿ“‰ Nifty Futures Technical Outlook โ€“ 5 June 2025

Key Observations:

  • Price Level: 24,612
  • Recent Range: Price has been oscillating between 24,450 and 24,750 since May 30.
  • Structure: A base seems to be forming around 24,550โ€“24,580, showing consolidation.
  • Volatility: Intraday volatility has decreased, especially after the dip on June 3.
  • Trend Bias: Near-term bias appears neutral to mildly bullish due to:
    • Higher lows from June 4.
    • Sideways to slightly upward bias visible toward June 5 morning.

Support Levels:

  • 24,550 โ€“ Minor intraday support.
  • 24,500โ€“24,480 โ€“ Stronger support zone based on bounce activity.
  • 24,450 โ€“ Critical support; breakdown here could invite a sharp fall.

Resistance Levels:

  • 24,650โ€“24,670 โ€“ Immediate hurdle (tested multiple times).
  • 24,700โ€“24,750 โ€“ Previous swing highs.
  • 24,800+ โ€“ Bullish continuation zone.

๐Ÿ”ฎ Intraday Outlook (5 June 2025):

DirectionBiasEntry AreaTarget 1Target 2SL
BuyCautious Bullish24,580โ€“24,60024,65024,70024,540
SellOnly below 24,54024,520โ€“24,54024,47024,42024,580

Suggestion: Avoid aggressive positions until a breakout above 24,670 or breakdown below 24,540.


โš ๏ธ Market Sentiment Note:

  • The flat close and tight range suggest market participants are awaiting a major trigger or news (possibly policy-related or global cues).

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