NIFTY OVER VIEW

 

There is a need to be cautious in the market. If 24,850 breaks, Nifty can slide down to 24,375. So, below 24,375, another support comes at 24,200. Therefore, if Nifty does not close above 25,170, then it will be a little The chances of risk increasing are increasing because the top it made on June 26, 2025, has been formed again on September 17, 2025, thus forming a double top.And only if it breaks out of the double top, there is a possibility that Nifty can catch a new surge, otherwise there is a possibility that a down train can start and that There is a possibility of stopping at 24,400 to 24200. The assessment will be made again above this 24,200 support level, so now we need to be a little careful.

Nifty 50 Index (2H chart) step by step using technical view, support–resistance, pivot levels, and short/medium/long-term outlook, along with clear stop-loss and target strategy.

🔎 Technical View from Chart Double Top Formation (Bearish Reversal)

Around 25,600 – 25,400, price made two tops → signals weakness.

Breakdown confirms bearish pressure.

Support Levels

Immediate support: 24,999 – 24,850 (Fib 0.5 & 0.618 retracement)

Next support: 24,376 (Fib 1.0 & previous swing low)

Strong support: 24,200 zone (previous demand area)

Resistance Levels

Immediate resistance: 25,200 – 25,400

Strong resistance: 25,600 (previous double top)

RSI (Relative Strength Index, 14)

RSI at 41 → weak momentum, but close to oversold territory.

If RSI slips below 40 → bearish continuation, above 50 → possible reversal.

Trend View

Short Term → Bearish bias (double top + breakdown from highs).

Medium Term → Neutral to Bearish (unless Nifty holds above 24,850 support).

Long Term → Still Bullish (higher time frames trend intact above 24,000–24,200).

🎯 Target & Stop Loss For Short Trades (Sell side bias):

Entry Zone: 25,000–24,950 (on resistance rejection or breakdown)

Target 1: 24,850

Target 2: 24,376

Stop Loss: Above 25,200

For Long Trades (Buy side only if bounce confirmed):

Entry Zone: Near 24,850 or 24,376 support

Target 1: 25,100

Target 2: 25,400

Stop Loss: Below 24,800 (for aggressive) / Below 24,350 (for safe)

📊 Pivot Levels (Approx based on chart) Pivot (P): 24,999

Resistance (R1): 25,200 | R2: 25,400 | R3: 25,600

Support (S1): 24,850 | S2: 24,376 | S3: 24,200

📌 Clear Trend Summary Short Term: Bearish bias (profits more likely on sell side) until 25,200 is reclaimed.

Medium Term: Neutral–Bearish, watch 24,850 for direction.

Long Term: Bullish trend intact above 24,200 (buy on dips zone).

👉 Profit-making side for now is Sell/Short until 24,850 breaks down or market reclaims 25,200+ with volume.