NIFTYNifty 50 IndexNSE:NIFTYpradyammm ElementDescription InstrumentNifty 50 Index (India) TimeframeDaily Indicators50 SMA (blue), 200 SMA (green) Key Zones- Weekly Demand DMP (bottom) - Daily Demand DMP (mid‑range) - Gap Fill area (around 23,375) - Supply & DMP (around 23,750–23,850) Current Price ActionPrice is below both SMAs, testing the gap‑fill zone and showing rejection near the Supply & DMP region. BiasShort‑term bearish until price reclaims 23,750 + with volume; otherwise, potential retest of Daily Demand DMP or Weekly Demand DMP. rading Plan SetupEntryStop LossTargetR:RProbability Trade 1 (Preferred)23,95023,82024,600 → 25,0001:5 to 1:8⭐⭐⭐⭐⭐ Trade 2 (Gap Fill)23,58023,40024,6001:5⭐⭐⭐⭐ Trade 3 (Deep Demand)23,12022,90024,270 → 24,9001:4 to 1:6⭐⭐⭐⭐⭐ Gap Fill Outlook Gap Fill Range: 23,520 – 23,650 If the 23,900–24,000 demand zone fails, price is likely to seek liquidity by filling the gap. A bullish reversal from the gap-fill area would provide another high-quality long opportunity. Institutional View Bullish Above 24,270 Accumulation Zones 23,900 – 24,000 (Highest Priority) 23,520 – 23,650 (Gap Fill) 23,050 – 23,220 (Major Institutional Demand)