NIFTY OVERVIEW

 

NIFTY Technical Analysis – Target, Stop Loss & View 🔍 Technical View Summary (from Image): Current NIFTY Spot: 25,003

NIFTY Future: 25,096

Resistance Levels (Upside Targets):

Immediate Resistance (R1): 25,150

Target 1: 25,150 (minor hurdle)

Target 2: 25,350 (if breakout sustains above 25,000)

Support Levels (Downside Risk):

Immediate Support (S1): 24,850 (important)

Stop Loss Zone: 24,773 (pivot S1), 24,543 (S2 — stronger support)

🎯 Target Levels: Short-Term Target:

25,150 – Immediate resistance based on recent consolidation highs.

If broken with volume and closing strength, next:

Medium-Term Target:

25,350 – Measured move projection from consolidation breakout.

Long-Term Upside Potential:

26,000+ possible if bullish structure continues with global support and RBI optimism.

🛑 Stop Loss Strategy: Short-Term Stop Loss:

24,850 – Support zone from price structure. Breach may trigger profit booking.

Safe Stop Loss (Medium-Term):

24,773 – S1 pivot level. Below this level, momentum fades.

Max Risk Stop (Long-Term):

24,543 – S2 and major trendline support.

🧭 Trend Setup: Trend: Bullish with consolidation breakout setup.

RSI: Near overbought but holding strength (no divergence seen).

Price Action: Forming a flag/pennant pattern suggesting potential continuation.

🕒 Time Frame Outlook: Short-Term (1–5 Days):

Buy above 25,000, Target: 25,150 | Stop Loss: 24,850

Medium-Term (1–3 Weeks):

Target: 25,350 | Stop Loss: 24,773

Long-Term (1–3 Months):

Positional target beyond 25,500–26,000 if macro and RBI policy support sustains.

✅ Conclusion: Action: Buy on dips above 25,000 with strict stop below 24,850

Watch: Breakout above 25,150 with strong volume = confirmation for 25,350+

Risk: Breach of 24,850 could lead to deeper pullback to 24,543 zone