NIFTY 50 | The Trend Is About to Turn — Eyes on 24,097Nifty 50 IndexNSE_DLY:NIFTYBigBeluga📊 Daily Timeframe On the Daily, the #NIFTY (Nifty 50) had been in a clear downtrend for an extended period — a long, heavy wave to the downside. But the tide is now turning: price has printed a CHoCH to the upside, the first structural signal that the sellers are losing their grip. After that shift, price rallied into a strong Order Block and reacted from it, pulling back to correct. During this correction, price has been sliding inside a descending channel and has now reached the discount region — exactly the kind of area where buyers look to re-engage before the next move higher. The trigger to watch: a break of the channel high above 24,097 with successive daily closes. That break would open the path toward the buy-side liquidity stacked above — first the lower Order Block at 24,538 – 24,860, then the major upper liquidity and OB region between 26,223 – 26,376. Two scenarios are in play: Scenario A — Bullish reversal (primary): Price breaks the channel high above 24,097 with daily closes, confirming the CHoCH, and pushes toward the liquidity above. Scenario B — Deeper correction first: Price stays capped inside the channel and dips lower into deeper discount before the bullish leg resumes. The broader liquidity reference below sits at 22,191, which marks the structural low of this range. 🎯 The Game Plan Daily bias: shifting bullish after a CHoCH off a strong Order Block, with price now in discount. Trigger: a break above 24,097 with successive daily closes confirms the move. Targets: the OB at 24,538 – 24,860, then the upper liquidity / OB at 26,223 – 26,376. Lower structural reference: 22,191. 📰 Fundamental Backdrop The technical shift lines up with the broader picture for Indian equities. The Nifty remains one of the most closely watched benchmarks among domestic and global investors, with sentiment driven by domestic flows, earnings, and global risk appetite. After an extended corrective phase, a structural shift like this one tends to draw fresh attention back to the index — making the current discount zone a key area to watch as the trend attempts to turn. This analysis will be updated as the market evolves. If this breakdown added value, drop a like 👍 and a comment 💬 to support the work — and share where you see the Nifty heading next! Best Regards, BigBeluga 🐳