Price Structure
NIFTY Support & Resistance Today
Observed support and resistance for NIFTY 50 from swing structure and unmitigated fair value gaps, plus a full trend scoreboard — supertrend, EMA alignment, Ichimoku, linear regression and Aroon — read for you, not just the raw levels.
NIFTY 50 spot
23,820.35
−359 (-1.49%)
Day gap
down
open 23,970.10
Supertrend
DOWN
49 bars · -0.48% away
RSI (14)
28.5
11th session percentile
Levels map
Resistance above spot, support below — sized by distance from the current price. Shaded orange bands are unmitigated fair value gaps: observed structure, not targets.
Trend scoreboard
Five independent trend reads, side by side — where they agree, the trend leans stronger; where they diverge, treat direction with more caution.
Draconic read
NIFTY 50 leans down — 5 of 5 trend reads agree, RSI stretched down.
Generated from 8 of 175+ Draconic signals · 11 May, 03:45 pm IST · analysis, not advice
Structure events this session
Breakout
Not detected
level 23,997.45
Breakdown
Detected
level 23,864.10
How we compute this
Support and resistance levels come from observed swing structure on the 15-minute chart — prior swing highs and lows that price has reacted to, each tagged with an origin and a test count (how many times price has revisited that zone). These are historical reference points, derived mechanically from price action, not forecasts of where price is headed next.
We layer in fair value gaps — three-candle imbalances where price moved fast enough to leave a gap — and show only the unmitigated ones (price hasn’t traded back through them yet), since those are the zones still considered “open” structure. The same underlying order block and liquidity-sweep detection feeds Draconic’s full smart-money-concepts read.
The trend scoreboard combines five independently-computed reads so no single indicator drives the picture: supertrend direction and how many bars it’s held; EMA 8/21/50 alignment; price’s position relative to the Ichimoku cloud; the linear-regression slope and its r² fit quality; and the Aroon trend-strength oscillator. Momentum context (RSI level and its session percentile, ADX/DI) frames whether the move looks stretched or has room left. This is the same price-structure layer Draconic reads alongside 175+ other signals — surfaced here for free.
Frequently asked
What do these support and resistance levels mean?
Each level is observed structure — a price where the market has previously reversed or paused (a swing high/low), labelled with how many times it's been tested. They are historical reference points, not targets or predictions of where price will go next.
What is a fair value gap (FVG)?
A fair value gap is a three-candle imbalance where price moved fast enough to leave a gap between candle wicks. Unmitigated gaps (price hasn't traded back through them) are historically associated with areas price is drawn back to before continuing — context, not a target.
How is the trend scoreboard built?
It combines independent trend reads — supertrend direction and duration, EMA8/21/50 alignment, price vs the Ichimoku cloud, the linear-regression slope and fit, and the Aroon trend strength — so you see where they agree and where they diverge, rather than relying on one indicator alone.
Is this live data?
This is a derived analytics snapshot — price action and technical-indicator summaries computed from 15-minute candles and shown as a timestamped read that refreshes periodically during market hours, not a streaming live-quote feed.
Is this a buy or sell signal?
No. This page is educational analysis of observed price structure — not advice, a recommendation, or a prediction. Levels shown are structure, not targets. Cross-check before acting.
Educational analysis only — not investment advice, not a recommendation, and not a prediction. Draconic is not a SEBI-registered investment adviser, research analyst, or broker-dealer. All figures are derived analytics computed from market data and may be delayed or incorrect; levels shown are observed structure, not targets. Do your own research and cross-check before acting — even Draconic can miss.