Trading Plan: Can Nifty 50, Bank Nifty continue to hold above short-term moving averages?
The Nifty 50 has been trading within a 25,300–25,600 range for the past seven consecutive sessions. A decisive move above 25,600 could drive the index toward 25,700–25,800, while a breakdown below 25,300 would bring 25,200–25,000 into focus, experts said.
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The frontline indices are expected to continue trading within the previous week's range. Below are some short-term trading ideas to consider.
Technical View: Crossing 25,500 crucial for upward journey in Nifty, India VIX hits over 13-month low
The weekly options data suggested that 25,500 is expected to be the crucial zone for the Nifty 50, while the broad trading range is expected to be 25,000–26,000 in the short term.
Trading Plan: Is Nifty 50 headed to 25,600, Bank Nifty marching toward all-time high?
With a breakout from a downward-sloping channel, the Nifty is expected to march toward the 25,600–25,700 zone, while support lies at 25,400–25,300 levels.
Trade setup for July 9: Top 15 things to know before the opening bells
The 25,500 level is expected to be a crucial zone for the Nifty 50 in the upcoming sessions. If the index drops below this level, the 25,400–25,300 zone can act as support. However, if it holds above 25,500, a move toward 25,600–25,700 on the higher side can’t be ruled out, according to experts.
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The consolidation and rangebound trading may continue until the frontline indices decisively surpass the recent swing high. Below are some short-term trading ideas to consider.
Technical View: Nifty bulls likely to march toward next target of 25,700, Bank Nifty may see new high
The weekly options data indicated that the Nifty 50 may trade in the range of 25,400–25,700 in the near term.
Trading Plan: Can Nifty 50 manage to hold 25,400, Bank Nifty sustain 56,800?
In the upcoming sessions, the Nifty 50 is likely to remain in the 25,300–25,700 range. A breakdown below 25,300 could open the door for a move toward 25,200–25,000, while a decisive breakout above 25,700 may drive the index toward the 25,800–26,000 zone.
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The market is expected to remain directionless in the upcoming sessions. Below are some short-term trading ideas to consider.
Trade setup for July 8: Top 15 things to know before the opening bells
According to experts, if the Nifty 50 decisively breaks below 25,300, then 25,200-25,100 could be the next levels to watch. However, a move above 25,500 on the higher side may drive the index toward the 25,650–25,700 levels.
Technical View: Short term selling pressure likely if Nifty breaks 25,400, VIX remains favourable for bulls
The above weekly options data suggests that the Nifty 50 may trade in the 25,300–25,600 range in the near term, while the broader trading range remains at 25,000–26,000.
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Trading Plan: Can Nifty 50 defend 25,300, Bank Nifty hold 56,600 amid likely consolidation?
If the Nifty 50 manages to defend 25,300, an upward move toward 25,600–25,700 remains possible. However, a break below this level may drag the index down to the 25,200–25,000 zone.
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Consolidation is expected to continue in the upcoming sessions, with resistance and support at last week's high-low. Below are some short-term trading ideas to consider.
Trade setup for July 7: Top 15 things to know before the opening bell
According to experts, as long as the Nifty 50 holds the 25,300–25,200 zone, an upward move toward 25,700–25,800 remains possible. A sustained move above 26,000 would be crucial for further upside. However, if the index falls below 25,200, a decline toward 25,000 cannot be ruled out.
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The total premium is the maximum cover that the option sellers are asking for before the result. So, this can be taken as a rough estimate of the option traders’ expectation or market expectations of the post result volatility (maximum).
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Trading Plan: Can Nifty 50 rebound to 25,500, Bank Nifty’s underperformance persist?
According to experts, the Nifty 50 needs to defend the 25,300–25,250 zone — a key support area — for any further upmove toward 25,500–25,600. However, a breakdown below this zone could drive the index down toward 25,000.
Trade setup for July 4: Top 15 things to know before the opening bell
In case the Nifty 50 rebounds while defending the 25,400–25,380 zone, the 25,500–25,600 range is the level to watch on the higher side. However, a decisive breakdown below these levels could drag the benchmark index toward the support zone of 25,350–25,250, according to experts.
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The frontline indices are expected to see more consolidation with a negative bias in case the 10-day EMA is broken. Below are some short-term trading ideas to consider.
Technical View: As momentum seems to fade in Nifty, further consolidation with negative bias can't be ruled out
Weekly options data suggests that the Nifty 50 is expected to remain in the 25,000–25,600 range in the near term.
Trading Plan: Can Nifty 50 hold 25,400, Bank Nifty find support at 56,800?
The index is likely to take support at 25,400-25,300 in the ongoing consolidation, as breaking below it can open the door for more selling pressure. However, on the higher side, the 25,600–25,700 zone is the resistance to watch, experts said.
Trade setup for July 3: Top 15 things to know before the opening bell
The chart formation and technical indicators signal further consolidation in the coming sessions until the Nifty 50 reclaims and sustains above the current week's high.
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The consolidation is expected to continue until the frontline indices decisively surpass their recent swing highs. Below are some short-term trading ideas to consider.
Technical View: Bears could gain more strength if Nifty decisively breaks 25,200 support
The India VIX, the volatility index, remained in the lower zone, keeping the bulls in a comfort zone. The VIX dropped by 0.66 percent to the 12.44 zone.
