Nifty Bearish view || Key Support Broken
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11 July || NIFTY Price Action Analysis
Today marked a significant shift in the market sentiment as NIFTY finally broke down below the crucial 25,300 zone – an important support level that held strong for weeks. This breakdown signals potential weakness, especially on the higher time frame, which hasn’t been witnessed since April 1.
Given the shift in structure, I changed my stance and initiated short positions to hedge my ongoing positional trades. The recent price action reflects increased selling pressure and lack of conviction from the bulls, making it a cautious zone for fresh long entries.
🔍 Key Observations:
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25,300 zone acted as a strong demand zone, now broken.
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First major sign of weakness on a higher time frame since April 1.
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Shifted stance from bullish to bearish with hedged shorts.
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Volatility may increase; keep a close watch on global cues and sector-specific moves.
Conclusion: With today’s price action, the trend appears to be weakening. Until we see a strong reversal or reclaim of 25,300+, I will maintain a bearish stance with a risk-managed approach. || Check this video link
