Market Outlook: Choppy
🔑 Key Intraday Levels
| Level Type | Value | Significance |
| Target Level | 4,258 | Primary Upside Target |
| Pivot Level | 4,191 | The critical inflection point for directional bias |
| Support Level | 4,174 | Immediate Downside Support |
📈 Price Action Scenarios
Our Preference (Bullish Scenario)
Action: Consider Long Positions (Buying).
Condition: Sustained price action above the Pivot Level of 4,191.
Targets: Initial target at 4,231, with an extension target at the primary level of 4,258.
Alternative Scenario (Bearish Scenario)
Action: Look for further downside (Selling/Shorting).
Condition: A break and hold below the Pivot Level of 4,191.
Targets: Targets for renewed weakness are 4,174 (Immediate Support) and 4,162 in extension.
📝 Comment & Risk Management
The market is characterized as choppy, indicating a lack of strong directional conviction and suggesting increased volatility around key levels.
A note of caution is warranted: Investors are advised to remain cautious as the defined levels may trigger profit-taking activity, potentially leading to sharp, sudden reversals. Strict risk management, including the use of stop-loss orders, is essential in this environment.
Disclaimer: This analysis is based on an intraday framework and does not constitute financial advice. Market conditions are subject to rapid change.

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