Nifty 50 index 1-hour chart of the as of July 8, 2026Nifty 50 IndexNSE:NIFTYaskbiswanath2025Current Status: The Nifty 50 is trading at 24,221.45. Key Technical Annotations: Change In State of Delivery: A horizontal line marks a significant structural level, indicating a potential shift in market sentiment or order flow. IFVG (Inversion Fair Value Gap): A bearish gap zone is highlighted, currently acting as a resistance area after price action moved below it. FVG (Fair Value Gap): A lower bullish gap zone is identified, which often serves as a liquidity target or support. TP (Take Profit) & WB (Wholesale/Buy Zone): 23900-23880 The chart highlights a specific demand zone (WB) combined with a Take Profit target, suggesting a confluence area for potential long entries.