Nifty Outlook for 26 May Weekly Expiry Nifty 50 IndexNSE:NIFTYVirupandey81Good morning Guys GIFT Nifty is around +40 points. Market structure is making higher highs, and yesterday's price broke the important 24,000 level and managed to close above it. The options chain is also supporting this level because we are seeing fresh OI buildup at 24,050 and 24,100, which supports the chart structure and indicates that 24,000 is the major support level for today. Options Chain Data Put: Fresh and heavy put writing on 24,050 to 24,100 (Option writers are defending downside levels.) Call: Heavy OI on the call side is standing at 24,200 to 24,300:(Face resistance unless strong short covering comes.) PCR Around 1.30: Slight bullish bias in overall positioning. FII / PRO Data: Mild bullish positioning in stock futures & options No aggressive bearish buildup, which is a good sign for the Bulls Expiry Day Trade Plan Scenario 1 — Bullish Continuation If the market opens with a slight gap up and sustains above the first 30 minutes, then build a long for the Target 24,150 | 24,200| 24,250 Movement will be slow in this setup, so Patience and segments are important Example https://i.gyazo.com/dce12a35080f3212c6767704171510cc.jpg Scenario 2 Liquidity Sweep Trap Price opens strong and gives a sharp fall to eat the liquidity which is lying near the 24,000 level to kick out the late longs, then this is also to build a fresh long with confirmation of " W " Pattern https://i.gyazo.com/54468042f0a07e213fa8ab09681b4b9a.jpg Scenario 3 Bearish Setup: There are two types of setups for short positions. First: If the price opens with a gap up and breaks the 30-minute range, then we can take short positions for the target of 24,000. Second: If the price initially starts making higher highs but then gets rejected from 24,200, we can also build fresh short positions after confirmation of the “M” pattern. https://i.gyazo.com/56ce45c461f71c41c9c772d2548a3201.jpg Best Trading Approach Today ✅ Wait for opening volatility to settle ( 30 Minutes) ✅ Respect liquidity zones ✅ Don’t chase breakout candles blindly ✅ Trade with structure, not emotions