Nifty 50 Daily Chart Analysis โ Trend Overview
Nifty is currently trading around 25,227, showing mild weakness after a rejection near short-term resistance. The price is hovering around the 20-day EMA, while the 50-day and 100-day EMAs are acting as strong dynamic supports. The 200-day EMA remains comfortably below, confirming the long-term uptrend is still intact.
โ Bullish Factors
- Price is trading above major moving averages (50, 100, 200 EMA).
- The recent pullback was shallow, indicating buyers are still active.
- RSI around 58 shows bulls still have momentum (not overbought).
โ Bearish Concerns
- The index failed to break recent swing highs near 25,350โ25,400.
- Multiple candles show selling pressure at higher levels.
- Volume on down days has slightly increased, showing caution from bulls.
๐ฏ Key Levels to Watch
| Zone | Level |
| Resistance 1 | 25,350 |
| Resistance 2 | 25,500 |
| Support 1 (20 EMA) | 25,150 |
| Strong Support | 24,950 (50 EMA) |
| Critical Support | 24,800 |
โ Trade Setup 1: BUY on Breakout
- Entry: Above 25,350
- Target 1: 25,500
- Target 2: 25,800
- Stop Loss: 25,150 (below 20 EMA)
Buying only if the index breaks and sustains above 25,350 with volumeโthis confirms fresh bullish momentum.
โ Trade Setup 2: SELL on Breakdown
- Entry: Below 25,150
- Target 1: 24,950 (50 EMA)
- Target 2: 24,800
- Stop Loss: 25,350
Selling is valid only if price closes below 20 EMA, signaling short-term weakness.
๐ง My Expert View โ What Should Traders Do on Tuesday?
At the moment, the market is in a sideways-to-slightly-bullish phase within a larger uptrend.
๐ Avoid aggressive positions until price breaks 25,350 or 25,150.
๐ Bias slightly bullish as long as price stays above 25,000.
๐ Best strategy: Buy on dips near 25,000โ24,950 or buy on breakout above 25,350.
Conclusion:
๐ Wait-and-watch with bullish bias.
๐ Buy only above 25,350 or near support with confirmation.
๐ Sell only if support breaks.
Disclaimer
The views and analysis provided above are for educational and informational purposes only and should not be considered as financial or investment advice. Trading and investing in the stock market involve risk, and past performance does not guarantee future results.
***********
|| เฅ เคจเคฎเค เคถเคฟเคตเคพเคฏ ||