The Nifty 50 index is currently holding around 25104, with the last two sessions showing similar behavior: gap-up opens followed by intraday selling. This is a clear sign of market hesitation despite bullish higher timeframes.
Interestingly, last week’s weekly close is acting as a support, and it has not been broken yet. On the monthly chart, the candle is green, which supports a bullish bias. However, today’s intraday approach requires caution — there may be short-term selling opportunities depending on the open.
Intraday Trading Plan for Nifty 50
Previous Close Level: 25091
Today’s plan revolves around how the index opens:
Scenario 1: Market Opens Near Previous Close (25091)
- Timeframe: Shift to 1-minute chart after open.
- Setup: Wait for a green candle to form. If its low breaks, go short.
- Stop Loss: High of the same green candle.
- Target: Minimum 1:2 risk-reward, trail profits up to 25100.
Scenario 2: Market Opens Gap Down
- Don’t sell immediately.
- 25100 is still a strong support.
- Wait for confirmation — either a clear bearish chart pattern or use the 5 EMA setup (explained below).
- Only enter short when the setup aligns.
Recommended Reading – Bullish/Bearish Setup & 5 EMA Strategy:
How to Trade Nifty Using Bullish/Bearish Patterns
Why Short Nifty If Higher Timeframes Are Bullish?
Good question. The weekly and monthly charts show strength, but today’s focus is on short-term price action. And that depends heavily on one thing: Bank Nifty.
Bank Nifty closed with a strong bearish daily candle yesterday. If Bank Nifty breaks down today, Nifty could follow due to correlation. So, even in a bullish market, intraday traders can find profitable sell setups.
Bank Nifty Analysis – June 11, 2025
Bank Nifty has shown a pattern similar to Nifty: multiple gap-up opens, followed by selling and consolidation. The previous week’s closing level is also acting as support here, but yesterday’s daily candle was decisively bearish.
Key Trade Levels for Bank Nifty
- Sell Trigger: 56579
If this level breaks, go short using the Bullish/Bearish Setup.
Alternative Scenario
- If Bank Nifty opens flat and forms a W-pattern, expect a bounce.
- Only short after a strong red candle breaks below support.
- Wait for confirmation to avoid false breakdowns.
📘Strategy Guide – Bullish/Bearish Setup (Highly Recommended):
Click here to master the setup
Stock Picks for June 11, 2025
Here are two high-conviction stock trades for today’s session:
Sell: Coal India (COALINDIA)
- Breakdown Level: 399
- If price breaks below this level, go short.
- Use the Bullish/Bearish setup to determine entry, SL, and targets.
- Works well even in a sideways market.
Buy: Power Grid (POWERGRID)
- Breakout Level: 301
- If price crosses 301, initiate long.
- Again, apply the same setup for execution.
These setups are perfect for both gap-up and gap-down opens. You’ll know where to enter, where to exit, and how to manage risk.
Final Thoughts – Plan the Trade, Trade the Plan
Even when higher timeframes suggest bullish momentum, short-term traders must focus on key levels, volume confirmation, and price behavior. Nifty’s 25100 and Bank Nifty’s 56579 are the levels to watch.
Don’t rush into trades. Use tested setups, apply stop-loss discipline, and trail your profits smartly.
Important Links to Learn & Trade Better:
Call to Action
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