✅ Nifty 50 Daily Technical Analysis – View for 17 October 2025
Nifty closed at 25,585.30 with a strong bullish candle and noticeable rise in volume — a sign of renewed buying interest. This breakout move has pushed price above recent consolidation, indicating momentum is shifting in favour of the bulls.
🔍 Key Technical Observations:
✅ 1. Price Above All Major EMAs (20, 50, 100, 200):
A perfect bullish structure. Short-term and long-term trends are aligned upward.
✅ 2. Fresh Breakout Zone:
Price has broken above previous swing resistance near 25,400–25,450, turning it into a new support.
✅ 3. Rising RSI (Currently ~66):
RSI is bullish but not yet overbought (>70). There is still room for upside continuation.
✅ 4. Volume Confirmation:
Higher-than-average volume supports the breakout – this adds conviction to the move.
📈 Trading Plan for 17 October 2025
✅ Buy on Dips / Sustained Strength
- Entry Zone: 25,520 – 25,600
- Stop Loss: 25,350 (below breakout + 20 EMA)
- Target 1: 25,800
Target 2: 26,000 (psychological level + potential new high)
🚫 Sell View?
At the moment, no major weakness is visible on the chart.
Only consider shorting if Nifty slips back below 25,350 with heavy volume, which would mean a failed breakout.
🎯 Expert Opinion – Should Traders Go Long or Short?
Bias: Strongly Bullish.
Trend, momentum, and price structure favour long positions. Buying on intraday dips or on breakout continuation is the smarter approach. Avoid aggressive shorting unless there is a sudden reversal signal.
✅ Conclusion:
Nifty is showing strength and likely heading for higher levels.
For 17 October 2025, the market favours buying with a strict stop loss.
If you want intraday support/resistance levels or Bank Nifty view as well, let me know—I can prepare that too! 🚀
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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