$NIL – Market Breakdown

Market Overview

NIL is showing clear short-term weakness after an aggressive sell-off, losing momentum across the intraday session. The move appears driven by profit booking after a prior upswing, with sellers currently in control. Volume expansion on red candles suggests distribution rather than a healthy pullback.

Key Levels

Support:

0.0650 – Immediate demand zone

0.0600 – Major support and structure base

Resistance:

0.0720 – First supply zone

0.0785 – Breakdown level and trend resistance

Trade Plan

Short-Term Buy (Bounce Play):

Entry: 0.0650 – 0.0620

Targets: 0.0720 / 0.0780

Invalidation: Daily close below 0.0600

Continuation Short (If support fails):

Entry: Below 0.0640

Targets: 0.0600 / 0.0565

Bias remains cautious until price reclaims 0.0720 with strength.