NIFTY 2H ANALYSISGIFT NIFTY 50 INDEX FUTURESNSEIX:NIFTY1!daytrader4beginnersNIFTY is currently trading near 24,245–24,320 zone, and the chart structure continues to show a bullish Wave 5 setup after the recent Wave 4 correction. The market has successfully respected the 23,777 breakout support, which remains the key level for bullish continuation. 🎯 Bullish Scenario If price sustains above 24,200–24,250, the next leg of the move can extend toward: 24,768 – 24,786 🎯 This zone is the major resistance / Wave 5 completion area marked on the chart. The projected move suggests a gradual push higher with minor pullbacks before reaching the target. ⚠️ Pullback / Trap Zone A healthy correction remains possible before the final upside expansion. Key retracement levels: 23,777 → immediate support 23,450 → strong demand zone 23,221 → 50% retracement level If the market loses momentum near highs, a deeper retracement into 23,200 zone can happen before the next rally. This makes the red path on your chart a possible liquidity sweep scenario before continuation. 🔥 Market View Overall bias remains bullish unless 23,200 breaks decisively. The structure still favors: higher highs higher lows strong bullish continuation Wave 5 target remains active.