Nifty 50 OVER VIEW

 

Technical Analysis of Nifty 50 (1-Min Chart)

Support & Resistance Levels

Resistance Zone:

22,780.65 - 22,775.40: This is the upper resistance level where the price has tested multiple times but failed to break out.

If Nifty breaks and sustains above this level, it can move towards 22,850+ levels.

Support Levels:

22,702.65 (Fibonacci 0.618): Key support level based on Fibonacci retracement.

22,671.35 (Fibonacci 0.5): A crucial psychological support level where buyers might step in.

22,600.50 - 22,610.30 (Fibonacci 0.382): A strong support zone; breaking below this could lead to more downside.

Target & Stop-Loss Strategy

Bullish Scenario (Long Trade)

Entry: Above 22,780-22,785

Target 1: 22,850

Target 2: 22,900

Stop-Loss: Below 22,750

Bearish Scenario (Short Trade)

Entry: Below 22,740

Target 1: 22,700

Target 2: 22,650

Stop-Loss: Above 22,780

Technical Indicators Analysis

Fibonacci Retracement:

The price is consolidating near 0.618 Fib level (22,702.65), indicating a strong support zone.

A breakdown below this may confirm a trend reversal.

Relative Strength Index (RSI):

RSI is below 50, indicating slight bearish momentum.

If RSI falls below 30, it will confirm a strong selling pressure.

Volume Analysis:

Volume is relatively low, indicating a lack of strong buyers or sellers.

A volume spike with a breakout could confirm the next move.

Conclusion

If price sustains above 22,780, expect an uptrend with a target of 22,850-22,900.

If price breaks below 22,740, expect a downtrend with a target of 22,700-22,650.

Stop-loss is key: Keep SL above resistance for shorts and below support for longs to manage risk.

Nifty 50 Technical View (Short-Term, Medium-Term, Long-Term)

🔹 Short-Term View (Intraday to 1 Week)

Current Trend: Range-bound (22,700 - 22,780)

Resistance: 22,780 - 22,800 (Needs breakout for further up move)

Support: 22,702 - 22,671 (Key Fib levels)

Indicators:

RSI near 40-50, suggesting sideways to weak momentum.

Low volume, indicating lack of strong buying/selling interest.

Short-Term Outlook

✅ Bullish Above: 22,780 → Target 22,850 - 22,900

❌ Bearish Below: 22,740 → Target 22,700 - 22,650

🔹 Short-Term Bias: Neutral to Slightly Bearish until breakout occurs.

🔹 Medium-Term View (1 Week to 1 Month)

Trend: Bullish but Losing Momentum

Nifty has been in an uptrend, but consolidation is visible.

Key Levels:

Major Support: 22,600 - 22,500 (Strong Fibonacci & demand zone)

Major Resistance: 22,900 - 23,000 (Psychological barrier)

Medium-Term Outlook

✅ If price holds above 22,700, expect upside continuation towards 23,000+.

❌ If price falls below 22,600, expect a deeper correction towards 22,400-22,350.

🔹 Medium-Term Bias: Cautiously Bullish (Needs confirmation from price action & volume).

🔹 Long-Term View (1 Month to 6 Months+)

Trend: Bullish (Higher Highs & Higher Lows)

Nifty remains in a structural uptrend, making higher highs & higher lows.

Long-Term Support: 22,300 - 22,000

Long-Term Target: 23,500 - 24,000 if market remains strong.

Long-Term Outlook

✅ If price sustains above 22,600, long-term uptrend remains intact.

❌ If price breaks below 22,000, deeper correction possible towards 21,800 - 21,500.

🔹 Long-Term Bias: Bullish as long as 22,000 holds.

📌 Summary of Views

Term Trend Key Levels Bias

Short-Term (Intraday - 1 Week) Sideways to Bearish 22,780 (Resistance), 22,700 (Support) Neutral

Medium-Term (1 Week - 1 Month) Cautiously Bullish 22,600 (Support), 23,000 (Target) Bullish

Long-Term (1 Month - 6+ Months) Bullish 22,000 (Strong Support), 24,000 (Target) Strongly Bullish

📢 Conclusion & Strategy

🔹 For Traders: Watch 22,780 & 22,700 for breakout/breakdown trades.

🔹 For Investors: Buy on dips near 22,500-22,600 for long-term gains.

🔹 For Swing Traders: Hold longs above 22,700 with targets of 23,000+.