NIFTY 50 — Trade Setup for TomorrowNifty 50 IndexNSE:NIFTYHkd88Concept: Nifty broke out of its multi-month equilibrium zone on July 3, rallied to 24,531, then saw a sharp retest low of 23,805 on July 8. Today's recovery (+1.02%, close 24,206.90) reclaimed the descending resistance trendline and is holding above the breakout zone, suggesting the retest may be resolving in favor of continuation. Long Setup Entry: Above 24,265–24,300 on a sustained move/close Stop Loss (Invalidation): Below 23,776 (Higher-Low support) Target 1: 24,531 (Recent High) Target 2: 24,610 (Prior Major High) Reasoning: Entry is placed above the breakout-retest zone to confirm buyers have retaken control after the July 8 shakeout. Stop loss sits below the higher-low support, since a break there would invalidate the retest-holding thesis entirely. ⚠️ Caution: Given the ongoing global geopolitical tensions, markets remain vulnerable to sudden headline-driven volatility. It may be prudent to avoid fresh positions until there's more clarity, or size down significantly if you choose to participate. 😄 On a lighter note — we're still working on incorporating a "Trump Indicator" into our technical toolkit to help predict overnight headline risk, but it's not quite ready for backtesting yet! Conclusion: This setup is contingent on price action confirming above the entry zone — avoid anticipating the move preemptively. Manage position size according to your own risk tolerance. Not investment advice. For educational purposes only. Please consult your financial advisor before making any trading decisions.