NIFTY 50 OVERVIEW 18/8/2025

 

Nifty 50 chart you shared step by step using technical analysis, support–resistance, Fibonacci levels, and pivot analysis.

🔎 Chart Observations: Current Price (CMP): ~24,963 (hovering near 25,000 psychological level).

Fibonacci Retracement:

0.5 level at 23,992 (strong support).

0.618 level at 23,463 (major support if correction deepens).

Resistance near 26,232 – 26,250 zone.

Trendline: Price is consolidating under a descending resistance trendline.

Recent Pattern: Lower highs forming (short-term weakness visible).

📌 Support & Resistance Levels: Immediate Resistance: 25,068 – 25,200 (trendline + pivot).

Strong Resistance: 26,200 – 26,250 zone.

Immediate Support: 24,650 (CMP support zone).

Key Support: 23,990 (Fib 0.5 level).

Major Support: 23,460 (Fib 0.618).

📊 Pivot Levels: Pivot Point (PP): ~24,800

R1: 25,200 – 25,250

R2: 26,000 – 26,250

S1: 24,400 – 24,500

S2: 23,900 – 24,000

🎯 Target & Stop Loss Setup: 🔹 Short Term (2–5 days): Trend: Sideways to weak (lower highs).

Buy if: Break above 25,200 → Target 25,600 | Stop Loss 24,650.

Sell if: Break below 24,650 → Target 24,200 | Stop Loss 25,200.

🔹 Medium Term (2–6 weeks): Trend: Consolidation inside 23,900 – 26,200 range.

Bullish Case: Above 26,250 → Target 27,000 | Stop Loss 25,000.

Bearish Case: Below 23,900 → Target 23,450 & 22,800 | Stop Loss 24,800.

🔹 Long Term (2–6 months): Trend: Still bullish as long as above 23,500.

Upside Targets: 27,500 – 28,000 possible if breakout above 26,250 sustains.

Stop Loss for investors: 23,450 (close below may trigger deeper correction towards 22,000).

✅ Summary:

Short term → Range bound (24,650–25,200).

Medium term → Breakout above 26,250 = new rally; breakdown below 23,900 = correction.

Long term → Structure intact; dips near 23,500–24,000 are strong buy zones for positional investors.