📊 Nifty50 Daily Technical Outlook — Friday, 24 Oct 2025
Nifty continues to ride a strong bullish wave and is currently positioned near all-time highs around 25,891. It has shown remarkable strength by staying firmly above all major EMAs (20, 50, 100 & 200-day), indicating that buyers are dominating every dip.
However, as the RSI trades above 70, the market has already entered an overbought zone, hinting that upside could get slower and intraday volatility may rise due to profit booking from higher levels.
✅ Technical Market Mood
| Factor | Status | Impact |
| Trend | Strongly Bullish | Buy on dips preferred |
| RSI | Overbought | Risk of quick reversals |
| Volume | Rising on green candles | Institutional buying visible |
| Price Structure | Rising Higher Highs | Trend continuation likely |
🔍 Key Levels to Trade on Friday
🔺 Resistance Zones
- R1 – 26,000
- R2 – 26,150 / 26,250 → likely profit booking zone
🔻 Support Zones
- S1 – 25,700 (very crucial intraday support)
- S2 – 25,550 (trend remains safe above this)
- S3 – 25,430 major swing support
✅ Practical Intraday Trading Strategy
📈 Strategy 1: “Buy on Dip” Approach (Preferred)
If Nifty opens flat to slightly negative and holds above 25,700
- Buy: Between 25,720 – 25,760
- Targets: 25,900 → 26,020 → 26,120
- Stop-Loss: 25,650
- Risk-Reward: ~1:2
Why?
This area has shown strong demand. If price rejects lower levels, the uptrend will extend easily toward 26K+.
📉 Strategy 2: “Breakdown Sell” Only if Support Cracks
If market turns weak below 25,700
- Sell Below: 25,680
- Targets: 25,550 → 25,430
- Stop-Loss: 25,770
- Risk-Reward: ~1:1.5
Why?
Below 25,700, intraday profit booking converts into short pressure.
⚡ Bonus Strategy — Safe Trader Plan
If market stays highly volatile or opens gap-up above 26,000
- Avoid chasing the rally
- Wait for pullback near 25,900–25,950
- Enter long only if candle support forms
- Maintain a tight SL below 25,850
This avoids buying tops where corrections happen fast.
🎯 Expert Take
✔️ Broader trend remains bullish — buy on dips until 25,550 holds
✔️ Keep trailing stop loss to protect profits at new highs
✔️ Avoid aggressive shorts — only scalp below major support
⚠️ Trading Caution
- Overbought zone = fast upside but faster downside if triggered
- Winning strategy will rely on discipline & SL protection
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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