#nifty
On the 3-minute intraday timeframe, price action completed a classic Fibonacci pullback following a sharp morning rally from 23,895 to 24,005.
The index found strong demand near the 0.618 Golden Ratio retracement level (23,937), forming a higher low structure. A bullish reversal candle has reclaimed the 0.5 Fibonacci level (23,950), signaling a resumption of the intraday uptrend toward key resistance levels.
Trade Setup Details:
Instrument: NIFTY 50 INDEX - Equity Index Intraday
Position Status: Active Position Held (Long)
Buy/Entry Zone: 23,950–23,955
Target 1: 24,005
Target 2: 24,020
Stop Loss: 23,925
Risk-to-Reward Ratio: 1:3.67 (Risk: ~28 pts / Reward: ~102 pts)
SEBI Mandatory Disclosure & Interest Disclosure:
Research Analyst Disclosure: I/We (or associated entities) hold an active position (long) in Nifty 50 Index / Futures at the time of publishing this research report. This report is prepared strictly for educational/informational purposes under SEBI (Research Analysts) Regulations and does
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2September 4, 2026 954 2
