GIFT NIFTY – STRUCTURAL VIEW

 Structure:

Sustained bearish structure (impulsive decline intact)

Location:
Mid-to-lower zone | Below key pivot

Zones:

• Resistance: 23050 – 23450
• Pivot: 23050
• Support: 22250 – 21800

Behaviour:
Pullback within downtrend | Lower high formation
Rotational movement inside descending channel

Context:
Price continues to respect the falling channel structure
Recent move shows reaction near pivot → no breakout confirmation

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Structural Interpretation:
Trend remains downward, with current movement being corrective (wave iv-type behaviour)
No structural shift observed yet

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Invalidation:
Sustained move above 23450 → deeper pullback / transition
Acceptance below 22250 → continuation lower

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Continuation:
Rejection from pivot zone favours downside continuation within structure

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Closing Line:
Structure decides. Behaviour confirms.

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Structure → Level → Trigger → Probability

https://www.tradingview.com/chart/NIFTY1!/4FtrMGr2-GIFT-NIFTY-STRUCTURAL-VIEW/

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