Nifty50
Nifty Extends Losing Streak: Is a Dead Cat Bounce Coming?The Nifty 50 dropped for the fifth week in a row, losing around 1.5%. Sectors like banks, IT, and consumer stocks are under pressure, and there are no big positive news to lift the market right now.
◉ Why is the Market Falling?
● Poor Q1 Results
Many big companies, especially in banking and IT, reported weaker-than-expected earnings. This disappointed investors and led to selling.
● U.S.–India Trade Trouble
The U.S. has added a 25% tax on Indian exports starting August 1. The two countries couldn’t agree on some trade issues, especially related to agriculture and dairy. This is bad news for export-focused companies.
● Weak Rupee
The rupee is near record lows against the U.S. dollar. This is because foreign investors are pulling money out of India. A weak rupee hurts sectors like IT and pharma, which earn in dollars.
◉ What the Charts Say?
The market has had a tough 5 weeks, but now it’s near a strong support level. This means a short-term bounce (dead cat bounce) is possible — a small recovery before another fall.
● Support at 24,500
There’s a large number of put option writers at this level. This means many traders are confident that Nifty won’t fall below 24,500 — so they’re willing to take that risk. This builds a strong support zone.
● Resistance at 24,700–24,800
There’s heavy call writing in this range. That means traders are betting Nifty won’t go above these levels. As a result, this area acts like a short-term ceiling or resistance.
Expect the Nifty to stay between these levels coming week unless some major news changes the game.
◉ Suggested Strategy
● For Traders: Stay cautious. Avoid aggressive long positions unless Nifty reclaims 25,000 decisively. Look for shorting opportunities near resistance zones with strict stop losses.
● For Investors: Stick to quality. Defensive pockets like FMCG, utilities, and select pharma may offer stability amid broader volatility.
Weekly Market Wrap – Nifty Slides, Global Sentiment WeakensNifty ended the week on a bearish note, closing at 24,565, down 270 points or nearly 1.1% from last week's close. It touched a high of 24,956 and a low of 24,535, perfectly respecting the range I shared last week: 25,300–24,400.
As I highlighted earlier, the inverted hammer formation gave the bears an upper hand—and the index corrected 1.74% from the recent highs. My view continues to favor caution, with the expected trading range for the upcoming week at 25,000–24,100.
Key Levels to Watch:
Support Zone: 24,400 (key bounce area), followed by 24,100 / 23,900 in case of further breakdown.
Resistance Zone: Upside capped near 25,000.
If the market holds 24,400 around 6th–7th August, expect a short-term bounce. However, if this level is breached, expect dips to 24,100 or 23,900, which could offer short-covering opportunities.
Global Cues:
The S&P 500 also had a rough week, closing at 6,238, down 2.5% week-on-week. This decline sparked a wave of selling across global markets. The 6,200 level is crucial—if it holds, we might see a rebound globally, including in Indian equities. Below that, 6,100 remains the breakout retest zone, which I believe should provide some cushion.
💡 Strategy Going Forward:
Focus on stocks showing relative strength in this falling market—they’ll likely lead the rally once sentiment turns.
Avoid chasing rallies, and watch for signs of bottoming out near key support zones.
Keep an eye on global indices like the S&P 500 and Dow Jones, as their stability will dictate near-term direction for Indian markets.
Stay sharp, stay prepared. Let the bears have their moment, but be ready to pounce when the tide turns.
Nifty Analysis EOD – August 4, 2025 – Monday🟢 Nifty Analysis EOD – August 4, 2025 – Monday 🔴
A Monday full of mind games.
Nifty opened with a slight positive gap and immediately tested the TC of CPR, but that optimism didn’t last long — sharp rejection took it to day’s low (24,554). What followed was a rollercoaster: a 100-point recovery, a 50-point pullback — all within 10 minutes. This wild price action defined the rest of the day.
Throughout the session, Nifty remained trapped within the CPR zone. Both sides experienced multiple fakeouts, especially around initial balance (IB) zones. Even when prices nudged toward R1, repeated failed attempts to break above reflected the market’s indecisiveness. The day finally closed near the high, but conviction was still lacking.
Many option buyers likely struggled due to deceptive shadows and unexpected fractal breakouts. The entire price action stayed within Friday’s range — forming an Inside Bar structure on the daily chart. This suggests a potential range breakout trade tomorrow.
The market faced resistance near the Fibonacci 0.618–0.786 retracement of the prior fall — aligning with 24,740–24,780 zones. A close above 24,780 tomorrow could shift momentum back in the bulls’ favour. If not, bears still hold the upper ground.
📈 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
📊 Daily Candle Breakdown
Open: 24,596.05
High: 24,736.25
Low: 24,554.00
Close: 24,722.75
Change: +157.40 (+0.64%)
Candle Type:
🟢 Bullish Marubozu-like — reflects a strong control by buyers after early weakness.
Structure Breakdown:
Real Body: 126.70 pts (Bullish)
Upper Wick: 13.50 pts (Minor resistance near close)
Lower Wick: 42.05 pts (Early dip got bought aggressively)
Key Insight:
Closed near the high of the day — positive bias for tomorrow
Inside Bar formed – Expect a breakout trade
24,780+ closing will turn sentiment bullish
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 209.36
IB Range: 115.95 → Medium
Market Structure: Balanced
Trade Summary:
🕚 11:30 AM – Long Entry → SL Hit
🕛 12:30 PM – Long Entry → SL Hit
🕐 13:10 PM – Short Entry → SL Hit
Tough day — strategy got chopped in noise-heavy moves.
🔍 Support & Resistance Levels
Resistance Zones:
24,725 ~ 24,735
24,780 ~ 24,795
24,860 ~ 24,880
Support Zones:
24,675 ~ 24,660
24,620
24,542 ~ 24,535
24,500
24,470 ~ 24,460
💭 Final Thoughts
"Markets love to test your patience before they reward your conviction."
Today was a lesson in restraint — avoid overtrading when structure lacks clarity. Inside bar gives us a clean slate for tomorrow. Let price lead.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Good comeback candle by Nifty today. Nifty fought back against the Tariff odds today and gained 157.4 points. The combination of Friday's candle and today's candle are forming a Bullish Harami kind of pattern. Harami in Japanese means pregnant woman. Usually this is a Bullish pattern but it requires a follow up positive candle in its support. So if we get a positive candle tomorrow then we can consider Friday's low as a good temporary support.
Supports for Nifty currently remain at: 24482 (Important Trend line resistance), 24317, 24186 (Father line support on daily chart), The zone between 23932 (final support, below this level Bears can take total control of the index).
Resistances for Nifty currently remain at: 24802, 24906 (Mother line resistance on daily chart), 25007, 25249-25346 (Important trend line resistance zone, a closing above 25346 will give control of the index to Bulls).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
renderwithme | Nifty 50 Under Preasure#Current Market Snapshot
Index Value: As of July 31, 2025, the Nifty 50 closed at approximately 24,565.35 INR, down 0.82% in the past 24 hours.
Recent Performance: Weekly: Down 1.78%.
Monthly: Down 4.00%.
Yearly: Down 1.86%.
Historical Context: The index hit its all-time high of 26,277.35 INR on September 27, 2024, but has since faced downward pressure.
#Technical Analysis
Trend: The Nifty 50 is currently in a bearish phase, with a five-week losing streak, the longest in two years, as over 35 of its constituent stocks posted losses.
The index is trading within a descending channel, with support around 24,475 and resistance at 25,925. A break above 25,925 could signal upside momentum toward, while a drop below 24,400 may indicate further weakness.
Key Indicators:Moving Averages: Mixed signals—30-minute charts show a "Strong Buy," while daily charts indicate a "Strong Sell." Weekly and monthly charts lean toward "Buy."
RSI (Relative Strength Index): Likely in the neutral-to-bearish zone (exact value unavailable), suggesting no extreme overbought or oversold conditions.
Support/Resistance:
Support at 24,475; resistance at 24,925–25,900. A sustained move above 25,000 is critical for bullish sentiment.
#Fundamental Factors
Market Sentiment: Heavy foreign institutional investor (FII) outflows (₹25,000 crore over eight sessions) have pressured the index, though domestic institutional investors (DIIs) have countered with net buying (e.g., ₹6,372.71 crore on a recent session).
Sectors like pharma, textiles, auto components, and electronics faced selling pressure due to trade concerns, particularly U.S. tariff fears under President Trump.
Earnings Impact: Strong Q1 earnings from companies like Mahindra & Mahindra and Tata Steel provided some support, but weak global cues and sector-specific challenges (e.g., pharma with Sun Pharmaceutical’s 5% drop) weighed on the index.
Global Context: The U.S. Federal Reserve’s decision to hold interest rates steady, with no rate cut expected in September, adds uncertainty. Asian markets are also cautious due to trade tensions.
Sectoral PerformanceWeak Sectors: Metals, Oil & Gas, Technology, Pharma, and Textiles saw significant losses.
Resilient Stocks: Stocks like Mahindra & Mahindra and Tata Steel showed strength amid the downturn.
Nifty Constituents: The index includes blue-chip companies like HDFC Bank, ICICI Bank, Reliance Industries, and Tata Motors, which are critical to its movement.
Trading Strategy
Sell on Weakness: Sell below 24,600 with targets at 24,510, 24,380, and 24,150 (stop-loss: 24,860).
Long-Term: The current dip offers attractive valuations for quality investments. A buy-on-dips strategy is recommended if the index holds above 24,475, with potential for a rally toward 26,000 if it sustains above 25,250.
Risk Management: High volatility (India VIX noted in broader market context) and FII outflows warrant caution. Use stop-losses to mitigate risks.
Key RisksGlobal Trade Tensions: U.S. tariffs and geopolitical concerns could continue to drive FII outflows.
Volatility: Persistent sectoral pressure and global economic uncertainty may lead to further downside.
Rupee Movement: The Indian rupee’s recent gain (10 paise to 87.53) provides some stability, but currency fluctuations could impact foreign investment.
Derivatives: Nifty 50 futures and options (e.g., HDFC Bank Options, ICICI Bank Futures) are active, but high risk.
Mutual Funds: Consider funds like ICICI Prudential India Opportunities Fund or Parag Parikh Flexi Cap Fund for diversified exposure.
ConclusionThe Nifty 50 is under pressure due to FII outflows, sectoral challenges, and global uncertainties, with a bearish short-term outlook. However, domestic demand and strong earnings from select companies provide some resilience. Traders should monitor key levels (24,475 support, 25,925 resistance) and adopt a cautious approach with strict risk management. Long-term investors may find current valuations appealing for selective buying, particularly if the index stabilizes above 25,000.For real-time updates, track the Nifty 50on renderwithme page
~~ Disclaimer ~~
This analysis is based on recent technical data and market sentiment from web sources. It is for informational \ educational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
# Boost and comment will be highly appreciated.
Reverse cup and Handle kind of structure formed in NiftyIn the short term time frame Nifty is seen to be forming reverse cup and handle kind of structure this is considered very bearish structure. However for this bear fest to manifest Nifty needs to close below 24543 or 24417. These 2 levels can save Nifty if not we will see it going into the bear grip.
Thus the most important supports for Nifty remain at 24543 and 24417. Below this level the supports for Nifty will be at 24248, 23989, 23789 and finally major support are is near 23442.
Important resistance areas for Nifty remain at 24652, 24821 (Mother Line Resistance), 24935, 25011 (Father Line Resistance), 25101 and finally 25249. Above 25249 Bulls can become very active.
Till the trade deal chess board and Tariffs do not relent or there is some other very important positive news Nifty will remain under pressure. Let us hope that 24253 or 24417 save us. Long term outlook on Nifty still remains positive. Long term investors should look at the tariff related event as a news that will slowly subside and give way to the Bullish outlook which has been prevailing in the market for decades all together.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty Analysis EOD – August 2, 2025 – Friday🟢 Nifty Analysis EOD – August 2, 2025 – Friday 🔴
Trapped at the Top, Slammed at the Close – Bulls Burnt Out!
🗓️ Nifty Summary
With the continuation of yesterday's hidden weakness, today's session gave early hope but ended with a bearish surprise. Nifty opened near the key support zone of 24,735 ~ 24,725, hovered indecisively, then suddenly rallied to 24,780, trapping bulls just under resistance.
But the trap was set.
A sharp reversal followed as Nifty broke not just the day’s low, but also the previous day’s support zone of 24,660 ~ 24,675, pulling the index lower into the 24,565.35 close — the second lowest close since May 12.
A fierce 2–3 hour tug-of-war between bulls and bears took place in a tight 40–50 point range until 2:50 PM, when bulls gave up—leading to a 100+ point fall in the last half-hour. shocked many traders, especially those fatigued from the earlier choppy action.
Much like yesterday, both sides of the trade were available today.
Did you catch them?
Zoom Out View :
Today’s close is just 23 points above the June 3 close, wiping out nearly 59 sessions (81 days) of gain.
Will the zone of 24460 ~ 24542 provide support again, or are we headed for a retest of the 24000 ~ 23800 and 23200 ~ 22800 (Pattern Target and Virgin) range?
Yes, you read correctly 23200 ~ 22800…!
Not so soon…but eventually…!
wish you tell me crazy and hope I am wrong…!
📈 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
Open: 24,734.90
High: 24,784.15
Low: 24,535.05
Close: 24,565.35
Change: −203.00 (−0.82%)
Candle Structure
🔴 Large bearish body (169.55 pts)
☁️ Moderate upper wick (49.25 pts)
⬇️ Short lower wick (30.30 pts)
Interpretation
Opened lower, climbed early but failed at 24,780+.
Selling dominated the rest of the session, closing near lows.
Moderate upper wick shows early bullish attempt was rejected.
Candle Type
Bearish Marubozu-like – clear seller dominance.
Key Insight
Sellers defended 24,780–24,800 zone.
Closing near 24,560 keeps the short-term bias bearish.
Next support: 24,500, 24,470 ~ 24460
⚠️ Bulls must reclaim 24,735+ on closing basis to neutralize sentiment.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 212.37
IB Range: 87.55 → Medium
Market Structure: Balanced
Trades Triggered
🕙 10:05 AM – Long Entry → 🎯 Target Hit (R:R – 1:1)
🕚 11:09 AM – Short Entry → 🎯 Target Hit (R:R – 1:2)
🔍 Trade Summary
Both sides were offered—clean hit on long and solid breakdown on short. A Gladiator’s delight.
📊 Support & Resistance Levels
🔼 Resistance Zones
24620
24660 ~ 24675
24725 ~ 24735
24780 ~ 24795
24860 ~ 24880
🔽 Support Zones
24,542 ~ 24,535
24,500
24,470 ~ 24,460
24,380
💬 Final Thoughts
"Traps are laid where confidence is highest. Stay alert, stay flexible."
A textbook day where patience paid off — those who didn’t force trades were rewarded with clean moves in both directions.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Long Term Nifty Analysis.(With Economic Commentary). We saw phenomenal resistance by Indian markets today after the Tariff announcements. Nifty bounced back and at one point was 330 points above low of the day. However there was Profit booking and selling on bounce due to prevailing Tariff uncertainties and Nifty came of the peak to close at 24768. Even after losing a lot of ground which it gained it ended up 133 points from the low of the day. Nifty ended the day in the negative losing 87.6 points from yesterday's close. This was much better than estimation of many experts. We might not be out of the woods yet but nevertheless fight back was phenomenal.
Now coming to Tariffs. I am not an expert in economy but let us assume the worst case scenario that trade negotiations fail and this is the tariff stays at 25% + Penalty. Again assuming that we loose 50% of our exports to US due to this decision. Say tariff would apply to 50b worth goods exported by us to USA and we 25b worth business. The impact on GDP will be as under.
GDP Impact = 25b/3.7T= 0.0067 = 0.67% of our GDP will be shaved off..(Rough Estimate). So say our is say 6.5. Then we continue to grow at 5.9 or 5.8. (Again I am not an expert and this estimate is based on a lot of assumption). This loss of GDP can be covered by increasing local consumption or exploring other market. Enhancing ties with markets outside USA. Thus it is not something which is going to kill Indian markets. We survived 1991, We survived Covid, We survived, Ukraine - Russia war, Israel-Iran conflict, Operation Sindoor Lows so we will survive this too and continue thriving. India is destined to become 3rd Largest Economy and unless there are local / internal political mishaps or mess-ups our growth will continue.
Fibonacci retracement of Nifty ant trend line analysis suggests few important support and resistance levels. The Horizontal line in the chart here suggests the cut off date. The chart suggests that:
Important Supports for Nifty remain at: 24406 (Mid Trend Support), 23903 (Important Fibonacci Support), 23345 (Important Candle support), (Below 23345 Nifty becomes very week and we will be in Bear grip where bears can drag Nifty down to 22737 or even 21742 in unlikely circumstances).
Important Resistance Levels: 25233 (Important Fibonacci resistance), 25792 (Important Candle resistance), 26277 (Previous All Time high), In the long term we might reach 27666 or even 29540 in close to 24 months time.
Conclusion:
Scenario 1) Indian Growth story continues and business thrive the optimistic range for Nifty by June 2027 seems to be the range between 26277 to 29540 or above.
Scenario 2) Indian economy faces changes and internal / external issues hamper progress the pessimistic range for Nifty by June 2027 seems to be anywhere between 23090 to 26277.
Scenario 3) Local or Global catastrophic events unfurl. Global and Indian economy takes a hit (Long drawn wars or local political leadership changes, Covid like events etc.) during this time frame 23090 to 21743 or below..(This does not seem likely but you never say never).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty Analysis EOD – August 1, 2025 – Thursday🟢 Nifty Analysis EOD – August 1, 2025 – Thursday 🔴
🎢 Illusion Rally: What You See, Isn’t What It Was!
🧾 Nifty Summary
As we all expected, a negative gap-down opening occurred due to external news. Nifty opened 183 points lower, tested the 24,660–24,675 support zone, then rebounded sharply after a symmetrical triangle + VWAP breakout. The rally pierced through all key levels like a hot knife through butter, topping at 24,950, only to reverse with equal intensity. Closed at 24,765.
📌 Despite the technical structure, today’s move had no clear technical reasoning — more likely triggered by a mix of tariff news, confidence in Modi, weekly + monthly expiry, and manipulation.
📌 in spite of a bullish candle, strong upper rejection from 24,950 hints weakness. Candle appears bullish on colour, but bears dominated intraday close — forming a bearish Moboroshi Candle (illusion of strength).
📌 Bearish Moboroshi Candle Structure : close > open and close < Previous Close
🔍 Intraday Walk
📉 Gap down of 183 pts
🟢 Support held at 24,660–24,675
🔺 Symmetrical triangle + VWAP breakout
🚀 Sharp upmove to 24,950 zone
🔁 Reversal with same intensity
📉 Closed at 24,765 — below prior close
🖼 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 24,642.25
High: 24,956.50
Low: 24,635.00
Close: 24,768.35
Change: −86.70 (−0.35%)
Candle Structure:
✅ Green Candle (Close > Open) → +126.10 pts real body
⬆️ Upper Wick → 188.15 pts (Very Long)
⬇️ Lower Wick → 7.25 pts (Tiny)
Interpretation:
Opened near yesterday's low
Intraday sharp rally towards 24,950+
Faced strong selling at highs
Closed above open, but way below high — signals clear rejection
Candle Type:
📌 Bearish Moboroshi Candle — Appears bullish but hides weakness
🧠 Buyers strong initially, but sellers took control at the top
Key Insight:
Bulls need decisive close above 24,880–24,910
Else, expect drift back toward 24,660–24,675
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 208.29
IB Range: 93.95 → Medium
Market Structure: Unbalanced
Trades Triggered:
✅ 10:40 AM – Long Entry → Trailing Target Hit (R:R – 1:6.25)
📌 Trade Summary: Big R:R win today on breakout with trailing logic execution!
🧱 Support & Resistance Levels
🔺 Resistance Zones:
24,820 ~ 24,830
24,850
24,880 ~ 24,890
24,910
🔻 Support Zones:
24,780
24,725 ~ 24,715
24,660 ~ 24,650
24,620 ~ 24,600
💭 Final Thoughts
"When the move can’t be explained, the best position is caution."
Today's market behavior reinforces the idea that not all moves are technical. Keep your tools sharp, but don’t ignore contextual chaos.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Nifty Analysis EOD – July 30, 2025 – Wednesday🟢 Nifty Analysis EOD – July 30, 2025 – Wednesday 🔴
Trapped in Illusion – A Day of Decoy Moves
Nifty moved 130 points today, falling short of the 2-week average range of 196 points. It formed its IB by 11:40 AM, marking the day's high and low early. For the rest of the session, it hovered between the IB high and the previous day high, eventually closing near the mean.
Despite a close below the open, Nifty managed a green close vs. the previous day—making it a classic "moboroshi candle" day, where visuals deceive sentiment.
📉 Intraday 5 Min Time Frame Chart
🪜 Intraday Walk
IB formed by 11:40 AM
False breakout on both sides trapped traders badly
Nifty stayed stuck between IB high and PDH
Closed slightly above the previous close, but below open
Eyes on breakout of 24,910 for targets of 24,995 and 25,090–25,110
🔄 Trend & Zone Update
📈 Resistance Zone Shifted To: 25,110 ~ 25,090
📉 Support Zone Shifted To: 24,520 ~ 24,480
🕯 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
Candle Type: Small Red Hammer‑Like Candle (Decoy / Moboroshi)
Today’s OHLC:
🟢 Open: 24,890.40
🔺 High: 24,902.30
🔻 Low: 24,771.95
🔴 Close: 24,855.05
📈 Change: +33.95 (+0.14%)
📌 Candle Structure:
Real Body: 35.35 pts (Small bearish body)
Upper Wick: 11.90 pts (Very small)
Lower Wick: 83.10 pts (Long)
📌 Key Observations:
Buyers stepped in near 24,770 zone
Closed near open but slightly lower → mild net selling
Long lower wick indicates dip buying support
📌 Implication:
Buyers defended 24,770–24,780 zone
A reclaim of 24,900–24,920 may resume bullish move
A close below 24,770 weakens support
🛡 5 Min Intraday Chart
🛡️ Gladiator Strategy Update
ATR: 195.72
IB Range: 78.15 → Medium
Market Structure: Balanced
💥 Trades Triggered:
🕙 10:25 AM – Short Entry → SL Hit
📌 Trade Summary:
False IB breakouts on both sides led to a stop loss hit—typical trap in a tight consolidation phase.
📌 Support & Resistance Levels
📈 Resistance Zones:
24,880 ~ 24,890
24,910
24,995
25,090 ~ 25,110
📉 Support Zones:
24,830 ~ 24,820
24,780
24,725 ~ 24,715
24,660 ~ 24,650
🔮 What’s Next? / Bias Direction
Awaiting breakout above 24,910 for potential targets of 24,995 and 25,090–25,110. Consolidation may reward patient breakout players in upcoming sessions.
🧠 Final Thoughts
“Structure is key. When levels work, respect them. When they break, adapt.”
Today's range was narrow, but traps show signs of buildup. Be ready when the market unwinds.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Good turnaround by market as expected from the channel bottom.We had given a message that the market was nearing the bottom and there can be a turnaround sooner than later and market turned around today. This bounce can be currently seen as a technical bounce but it can become a full fledged fightback by bulls if it crosses key resistance levels of Mother line, Father line and Mid-channel resistance. These are the 3 key resistances in front of us currently. All eyes on the important trade deal announcements and with US and China which are on going any news on that from can disrupt the market proceedings in either way. Support and resistance levels for Nifty are as under:
Key Nifty Resistances: 24849 (Trend line resistance), 24922 (Motherline Resistance of hourly chart), 25028, 25070 (Father line resistance), 25189 (Mid-channel resistance), 25243 (Very important resistance for Bulls to conquer). Above 25243 Bulls can gain control of Nifty.
Key Support levels: 25741, 25627 (Channel bottom Support), 24519.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty Analysis EOD – July 29, 2025 – Tuesday🟢 Nifty Analysis EOD – July 29, 2025 – Tuesday 🔴
Bulls Strike Back After Trendline Trap & Break
Nifty started below the previous day's low, and after marking day low at 24,598.60, it rose to 24,725 where it faced the trendline and CPR zone. A sharp rejection from there quickly pushed Nifty back to the day's open level. A base-building process began, characterized by a low-range but high-volatility phase.
Gradually, Nifty crossed the VWAP and the trendline again, breaking the day's high and CPR zone, ultimately reaching R1 and closing near the highest point at 24,830.40.
In the first half, both long and short traders got trapped in fast swings—refer to the chart for visual cues.
🕯 5 Min Time Frame Chart with Intraday Levels
🔄 Trend & Zone Update
📈 Resistance Zone Shifted To: 25,110 ~ 25,090
📉 Support Zone Shifted To: 24,520 ~ 24,480
🕯 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 24,609.65
High: 24,847.15
Low: 24,598.60
Close: 24,821.10
Change: +140.20 (+0.57%)
🕯Candle Structure Breakdown:
Real Body: Green candle (Close > Open):
24,821.10 − 24,609.65 = 211.45 pts (large bullish body)
Upper Wick: 26.05 pts (small)
Lower Wick: 11.05 pts (very small)
🕯Interpretation:
Market opened lower but found strong buying support, rallying to nearly 24,850.
Closed near the day’s high—bulls dominated.
Tiny lower wick shows hardly any selling pressure after the open.
🕯Candle Type:
Bullish Marubozu-type — strong signal of reversal or continuation, indicating control by buyers.
🕯Key Insight:
Strong bounce from sub-24,600 back above 24,800 has improved short-term sentiment.
If 24,830–24,850 breaks in the next session, potential upside till 24,920–24,995.
Support now shifts to 24,700–24,720.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 202.98
IB Range: 128.5 → Medium
Market Structure: Balanced
Trades Triggered:
🕒 11:10 AM – Long Entry → Target Hit 🎯 (1:3 Risk:Reward)
🧱 Support & Resistance Levels
Resistance Zones:
24,815 ~ 24,830
24,850
24,920
24,995
Support Zones:
24,725
24,693
24,660 ~ 24,650
🧠 Final Thoughts
“Volatility shakes the weak hands; structure empowers the patient.”
Today’s session was a textbook example of how the market tests conviction. After trapping early traders with sharp intraday swings, Nifty rewarded those who respected structure and waited for confirmation. The reclaim of the trendline, VWAP, and CPR zone reinforced the strength of bullish intent. If the momentum continues above 24,850, we may be entering a fresh leg of the uptrend—stay nimble, but don't lose sight of the bigger picture.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Nifty Analysis EOD – July 28, 2025 – Monday 🟢 Nifty Analysis EOD – July 28, 2025 – Monday 🔴
⚡️ Bears Bite Back After a Hopeful Morning Surge
📊 Nifty Summary
Nifty opened with a minor gap-down of 32 points and slipped an additional 67 points in the first 3 minutes, testing the critical support zone of 24,755 ~ 24,729. After marking a day low at 24,732.70, it witnessed a sharp recovery breaching key levels — CDO, Gap, PDC — and touched the CPR BC level. Rejection from there caused a retracement to the mean, followed by another successful attempt breaching CPR BC and IB High. However, it couldn’t sustain above, as profit booking and pressure from a higher time frame bearish trendline dragged the index below the CPR zone and even past the PDL.
Support at 24,780 offered brief relief, but a bearish triangle formed between the HTF trendline and that support and The breakdown at 12:40 led to a clean move, with the pattern target achieved.
🕯 5 Min Time Frame Chart with Intraday Levels
🔁 Trend & Zone Update
📍 Resistance Zone Shifted To: 25,100 ~ 25,120
📍 Support Zone Shifted To: 24,520 ~ 24,480
🧭 What If Plans – 29th July Outlook
🅰️ Plan A (Contra Long Setup)
If market opens inside the previous day range and finds support at 24,700 ~ 24,729,
→ Potential targets: 24,780, 24,815, 24,840
🅱️ Plan B (Trend is Friend – Short Continuation)
If market opens inside range and faces resistance around 24,830 ~ 24,815,
→ Aim for: 24,780, 24,720, 24,640, 24,580
🔄 On-the-Go Plan
If market Gaps Up/Down outside previous day’s range,
→ Wait for IB formation and act based on structure & S/R levels.
🕯 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 24,782.45
High: 24,889.20
Low: 24,646.60
Close: 24,680.90
Change: −156.10 (−0.63%)
🕯 Candle Structure Breakdown:
Real Body: 101.55 pts (Red candle, bearish)
Upper Wick: 106.75 pts (Long — rejection from highs)
Lower Wick: 34.30 pts (Defended slightly)
🕯 Interpretation:
Tried to rally above 24,880 but faced aggressive selling. Closed well below open, forming a bearish rejection candle resembling a shooting star. Bears clearly took control after the intraday bounce attempt.
🕯 Key Insight:
Selling pressure visible from 24,880–24,900 zone.
Close below 24,700 keeps bearish tone intact.
Next Support: 24,650–24,620.
Bulls' challenge: Reclaim and close above 24,850.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 197.91
IB Range: 122 → Medium
Market Structure: Imbalanced
Trades Triggered:
09:27 – Long Entry → 🎯 Target Hit (1:1.5 R:R)
12:40 – Short Entry → 🎯 Target Hit (1:2.5 R:R)
🧱 Support & Resistance Levels
Resistance Zones:
📍 24,729
📍 24,780
📍 24,815 ~ 24,830
📍 24,850
📍 24,920
Support Zones:
📍 24,640
📍 24,580
📍 24,520 ~ 24,480
💭 Final Thoughts
🧠 “Every breakout starts with hesitation — but not every hesitation leads to a breakout.”
Today’s structure showed strong indecision, but sellers used it to dominate.
Monday’s triangle breakdown proved that structure plus patience = power. Keep your bias flexible and trust your levels.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Bollinger band indicates that we might see a recovery soon. Bollinger band in a beautiful tool of Technical analysis. There are three lines in it. The upper bandwidth line, the middle line and the lower band width line.
As you can see in the chart. Whenever the stock or an index price touches or crosses the upper line the indication it gives is that the market is overbought and there is an imminent selling pressure.
Middle line indicates either resistance or support depending on the position of the candle within the band. It further indicates that Middle line will be support when the price is above it. It also indicates that middle Bollinger band will be a resistnace when the candles are below it.
Lower bandwidth line indicates a support zone. When the candles touch or cross it the indication it gives is that the market is oversold and there can be an imminent up move once this phenomenon happens.
Bollinger band in like a channel or a parallel chanel but a more accurate one and a more asymmetric one.
Currently you can see in the chart that Bollinger band has not only touched but also crossed the bottom bandwidth. This is an indication of an over sold market. Thus the indications we get from this tool are that there are very high chances for a short covering recovery or relief rally.
The indication is in sync with Tariff deadline which is tomorrow. Thus any positive announcement on that front can also initiate a strong or mild recovery rally. Thus we might see a bottom formation and recovery rather sooner than later.
Current Nifty closing is at:24680.
Upper band width is at: 25683 (This zone will work as strong resistance zone).
Mid Bandwidth is at: 25217 (This zone will be a Strong resistance).
Mother Line: 24942 (Strong Resistance).
Lower band width is at: 24750 (Weak Resistance).
Nearby support: 24501 (Support).
Father Line: 24157 (Strong Support).
It is a good time to reshuffle your Portfolios and initiate fresh buying in the blue-chip stocks which might be available at a good valuation.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty Analysis EOD – July 25, 2025 – Friday🟢 Nifty Analysis EOD – July 25, 2025 – Friday 🔴
"When the tide goes out, you discover who’s been swimming naked." – Warren Buffett
Nifty GapDowns Below Key Support and Slips Further
The market opened with a sharp GapDown, breaching the previous day's low and instantly shedding 150 points within the first hour. Nifty attempted to find footing near the crucial 21st July low zone of 24,850–24,880, but the support gave way, slipping an additional 50 points.
The day mostly drifted around these lower levels with bearish dominance. Though bulls made an effort to recover late in the session, it lacked strength. The index finally settled at 24,837, decisively closing below the 21st July low — signalling a deeper structural breakdown.
📉 Trend & Zone Update
Resistance Zone Shifted To: 25,144 ~ 25,155
Support Zone Shifted To: 24,729 ~ 24,755
📊 What If Plans – 28th July Outlook
🅰️ Plan A (Contra Long Setup)
If market opens inside the previous day range and finds support at 24,815 ~ 24,850
Then potential targets are 24,920, 24,965, and 25,020
🅱️ Plan B (Trend is Friend – Short Continuation)
If market opens inside range and faces resistance around 24,965 ~ 24,995
Then aim for 24,850, 24,815, 24,780, and 24,730
⏸️ On-the-Go Plan
If market Gaps Up/Down outside previous day’s range
Then wait for the Initial Balance (IB) to form and act based on structure and S/R levels.
🕯 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 25,010.35
High: 25,010.35
Low: 24,806.35
Close: 24,837.00
Candle Structure
Body: Strong red candle (−173.35 pts)
Upper Wick: None (open = high)
Lower Wick: 30.65 pts
Interpretation:
A textbook bearish Marubozu — shows sellers had control throughout.
Bears stepped in immediately from open, preventing any bullish response.
Minimal lower wick implies limited buyer defense even at the session low.
Key Insight:
Bears are in command; bulls must reclaim 25,000+ quickly to prevent further downside.
If 24,800–24,820 breaks, eyes shift to 24,700–24,750 zone next.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 192.95
IB Range: 87.4 → Medium
Market Structure: Imbalanced
Trades Triggered:
🕙 10:10 AM – Short Entry → 🎯 Target Hit (1:2.4 R:R)
🧭 Support & Resistance Levels
Resistance Zones
24,920
24,965
24,995 ~ 25,018
25,080
25,140 ~ 25,155
Support Zones
24,780
24,755 ~ 24,729
24,640
📌 Final Thoughts
When strong candles appear back-to-back with no meaningful recovery in between, it’s not just a correction — it’s a statement. In this market phase, reacting to price structure rather than assumptions will keep you on the right side. Stay nimble, stay prepared.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Pressure Builds on Nifty Before ExpiryThe Nifty traded in a tight range for most of the week but eventually slipped below the 25,000 mark, ending on a weak note.
With the monthly expiry approaching, the index is likely to remain under pressure, and volatility may pick up in the coming sessions.
Key resistance levels are seen at 25,200 and 25,500. A decisive move above 25,500 could trigger an upside breakout. On the downside, support is expected around 24,500 and 24,400.
Given the current structure, traders are advised to stay cautious, focus on selective opportunities, and avoid aggressive positions until a clearer trend emerges.
Nifty Weekly Market Update – Brace for Bearish Momentum? Nifty ended the week at 24,837, down 131 points from last week’s close. It made a high of 25,246 and a low of 24,806, staying perfectly within my projected range of 25,400–24,500.
As highlighted earlier, Nifty has now formed an inverted hammer on the weekly chart — a classic bearish reversal candlestick. 🔍
📅 Flashback: On 6th July, I mentioned giving bulls 10–15 days of playtime. That phase seems to be ending. The monthly time frame remains bearish, and now the weekly chart is aligning, indicating a stronger downside risk.
🔮 What’s Next?
👉 Expect Nifty to trade between 25,300–24,400 in the coming week.
👉 A break below 24,400 could open doors to 23,900.
👉 If 24,400 holds, bulls may still have a chance to regroup.
🧠 Pro Tip: Only Nifty Pharma is showing resilience. Those looking for long trades should focus on strong pharma stocks — the rest of the sectors are showing bearish signs.
Meanwhile in the US:
S&P 500 hits another all-time high, closing at 6,388, up 90 points from last week. My long-standing target of 6,568 now looks well within reach.
But here’s the catch — despite US strength, it’s not supporting Indian markets. If US markets correct, expect intensified selling pressure in India.
🎯 Strategy for Indian investors:
Let the bears rule till 7–8 August. Stay alert, and be ready to grab high-quality stocks at bargain prices. This is not the time to panic, but to prepare smartly.
Long term Nifty Outlook Still upbeat. Long term outlook of Nifty is still upbeat. As you can see in the parallel channel in the weekly chart of Nifty. As you can see in the weekly chart Nifty attempted to break free above the Mid-Channel resistance went above it briefly but due to various geopolitical, Tariff and earning related concerns has not yet been successful. In a few years time the channel top can be around 30K and channel bottom seems to be around 21K. Supports for Nifty currently are near 24789, 24475, 23969 (Mother Line support of Weekly chart), 22920 and 21793 (Channel Bottom.) Below that 200 Weeks EMA ot the Father line is at 20577. Resistances for Nifty with long term perspective remain at 25351, 25780 and previous All time high of 26277. Once we get a weekly or monthly closing above 26277 the doors towards 27K+ will open.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty 50 Update | Technical Levels MappedThere are two chart of Nifty50.
Nifty 50 is trading within a well-defined parallel channel. As part of its natural corrective phase, a potential decline of around 5% cannot be ruled out, with key support anticipated near the 24,400–24,500 zone.
Nifty is forming a broadening wedge pattern on the 1-hour timeframe, with crucial support around 24,740. Additionally, both the weekly and monthly pivot supports are aligned in the 24,740–24,710 zone, reinforcing the significance of this level.
If this level sustain then we may see higher prices in Nifty50.
Thank You !!
Nifty Next Week: Can Nifty make a comeback after drubbing?Nifty received proper drubbing after falling below critical supports of Mother and Father line. Trump's warning signals for IT companies and the continuing deadlock in Trade deal with US weighing on Indian markets. Additionally the earning season also giving many disappointing and few good result has broken the back of the Bull rally and now Nifty is reeling under 25K levels.
Only silver line in the cloud seems to be that RSI is below 30. Currently RSI is at 27.52. Usually RSI has found support near 24 if not 24 it might bounce back from 16. So hopefully we can see some short covering in the beginning or middle of next week. Also next week the decision for Tariffs should come. If the result will be in favour of India we might see a strong come back as lot of sectors / Large cap stocks currently are looking oversold.
The Supports for Nifty Remain at: 24808 (Strong support), 24633, 24459 Below 24459 the index will be in firm grip of Bears who might try to drag Nifty towards 24K levels or even below that in unlikely circumstances.
The Resistances for Nifty Remain at: 24933, 25058 (Mother Line Resistance of Daily Chart), 25119 (Father Line Resistance) and 25243. After we get a closing above 25243 the Bulls can gain some momentum.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty Analysis EOD – July 24, 2025 – Thursday 🟢 Nifty Analysis EOD – July 24, 2025 – Thursday 🔴
📉 A Surprise Expiry Collapse – When Strength Turns into a Sucker Punch
Today’s session was an unexpected twist.
Nifty opened above the previous day’s high, giving early hope to the bulls—but within the first hour, it slipped to 25,155 and formed its IB. What followed was a sharp 136-point fall, breaking not just yesterday’s low, but also the July 22nd low. This sudden bearish momentum was completely news-driven, and expiry-day long unwinding only added fuel to the fire.
Despite a strong close yesterday, today’s fall erased all of July 23rd’s gains and brought us right back to July 22nd’s close—neutralizing the recent upward effort.
The day closed at 25,062, marginally above key support. Technically, today’s low respected the 0.618 Fib retracement level drawn from July 21st’s low to July 23rd’s high—so a dead cat bounce is possible if no further bad news hits. But if we open below 25,050 tomorrow, expect more downside pressure toward 24,960–24,890 zones.
🕯 5 Min Time Frame Chart with Intraday Levels
🕯 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 25,243.30
High: 25,246.25
Low: 25,018.70
Close: 25,062.10
Change: −157.80 (−0.63%)
Candle Structure Analysis:
🔴 Body: Large red body (181.2 pts) shows strong intraday selling.
☁️ Upper Wick: Tiny (2.95 pts) → sellers dominated from the start.
🌊 Lower Wick: Moderate (43.4 pts) → small recovery near close.
Candle Type:
Almost a bearish Marubozu — clear domination by sellers with barely any upper shadow, signaling intense sell pressure.
Key Insight:
Bulls lost control after open.
Bears took charge below 25,155.
Close near support, but bias cautious.
Bulls must reclaim 25,150+ for recovery, else 25,000 may give way.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 185.97
IB Range: 83.55 → Medium
Market Structure: Balanced
Trades Triggered:
⏰ 10:05 AM – Short Entry → SL Hit
⏰ 11:10 AM – Short Entry → Target Hit (1:3.6 Risk:Reward)
📊 Support & Resistance Levels
Resistance Zones:
25,125
25,155
25,180 ~ 25,212
25,233
Support Zones:
25,080 ~ 25,060
25,020
25,000 ~ 24,980
24,967 ~ 24,959
24,882
🔮 What’s Next?
A gap-up or stable open may trigger a dead cat bounce toward 25,150–25,180.
A gap-down below 25,050 confirms bearish continuation → next targets: 24,960 / 24,890.
Watch price action around the 25,020–25,060 zone closely.
🧠 Final Thoughts
“Markets are never wrong – opinions often are.”
— Jesse Livermore
Today was a reminder of how expiry day surprises and news flows can flip the narrative. Stay flexible, and keep a bias—but not a blind one.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Nifty falls again as it can not sustain above 25240 level. Nifty again has shown some weakness as it was not able to sustain levels above 25240. The fall was lead by IT index which ended with deep cuts and fell 2.12% the other indices that saw fall were FMCG, Realty and Small Cap index. Trump's stance against Tech companies hiring from India and the deadlock in the trade deal also contributed to fall today. Index fell 157.8 points today and ended below both Mother and line on hourly chart. In the daily chart the candle we saw today was a bearish engulfing candle so further weakness can not be ruled out. The 2 major supports for nifty remain at 25017 and 24956 if these two supports are broken we may see Nifty falling towards 24885 or even 24742. Resistances for Nifty remain at 25097, 25138, 25182 and 25246. Only after we get a closing above 25246 we can see Nifty rally upwards.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
