Nifty Macro View & Context Weekly Outlook: Analysts expect rang

Macro View & Context

Weekly Outlook: Analysts expect range-bound trading with continued consolidation under 25,000. Nifty rebounded from ~24,400 recently, but a breakout above 25,000 remains elusive. Toby-heavy cues are looking modestly optimistic, supported by domestic macro trends and auto sector strength.
F&O Expiry Dynamics: Weekly options now expire on Tuesday, meaning Monday becomes the new "expiry eve"—a day often marked by increased spot-vol vs. thin volumes and elevated theta (time decay) impact.
Recommended strategy: With limited move expected, options plays like short strangles can capitalize on low directional movement and theta decay.

Technicals Across Timeframes
1-Day (Daily Chart)
Overall tone: Neutral-to-cautious. Price is consolidating; indicators (like RSI & MACD) are flat—no strong directional bias.

4-Hour Chart
Current structure: Sideways rectangular consolidation, roughly between 24,400–25,000.
A breakout either way could define the weekly closing trend.

1-Hour Chart
Short-term setup: 70% of moving averages (20/50/100/200) show bullish bias, although some very short-term (5/10 MA) signals remain mixed — indicating stabilization above mid-range.
Pivot analysis shows key resistance near 24,852–24,875, and support near 24,750–24,730.

15-Minute Action Plan for Tomorrow (Expiry Eve)
Time-Based Setup (09:00–15:30)
Pre-Open to First 30 Minutes
Observe initial range; likely tight consolidation given expiry eve.
Key zone: 24,750–24,850 (intraday range).
Trade Execution Rules
Long Trade:
Trigger: 15-min candle closes above 24,850 with volume support.
Entry: Next candle's open (~24,860).
Targets: 24,900 → 24,950 → 25,000.
Stop-Loss: ~24,830.

Short Trade:

Trigger: 15-min candle closes below 24,750 with confirmation.

Entry: Next open (~24,740).

Targets: 24,700 → 24,650 → 24,600.

Stop-Loss: ~24,770.

Range Day Strategy (if neither breakout triggers)

Trade within the established 24,750–24,850 range.

Small scalps: buy near 24,760, sell near 24,840; stops tight (~5-10 pts).