๐ Nifty50 Daily Technical Analysis
โ Current Market Structure
- Nifty closed at 25,145.50, slightly negative but still holding above key moving averages.
- Price is trading above the 50-day and 100-day EMA, indicating medium-term bullishness.
- 200 EMA is trending upward, confirming long-term strength.
- Recent candles show consolidation with small-bodied candles, suggesting a potential breakout soon.
๐ Momentum Indicator (RSI)
- RSI near 55 โ Neutral to mildly bullish.
- No overbought or oversold condition โ Room for movement in either direction.
๐ Key Support & Resistance Levels
- Immediate Resistance: 25,300 โ 25,350
- Major Resistance: 25,500
- Immediate Support: 24,950
- Strong Support: 24,800 (near 100 EMA)
๐ฏ Trading Plan for Tomorrow (15 Oct 2025)
โ If the market moves above 25,300
BUY above 25,300
๐ฏ Targets: 25,450 โ 25,550
๐ Stop Loss: 25,150
View: Bullish continuation if breakout occurs.
โ If the market breaks below 24,950
SELL below 24,950
๐ฏ Targets: 24,800 โ 24,650
๐ Stop Loss: 25,100
View: Weakness will increase if support fails.
๐ง Expert Opinion
At present, Nifty is in a sideways-to-bullish consolidation phase. The trend is still positive as long as it holds above the 50 & 100 EMA.
However, the absence of strong volume signals indecision.
๐ Traders should be cautious and trade only on breakout levels.
๐ Bias remains mildly bullish, but confirmation is needed above 25,300.
โ Final View:
Prefer BUY on breakout above 25,300.
Avoid aggressive selling until 24,950 is broken.
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.
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