Technical View: Bears may tighten grip if Nifty decisively breaks 24,700 next week; Bank Nifty near 100-day EMA support
This monthly options data suggests that 25,000 is likely to be the immediate resistance for the Nifty 50, with 24,800 acting as immediate support.
Trading Plan: Can Nifty 50 extend gains for a 7th straight session, Bank Nifty break its consolidation range?
The 25,160 level is expected to act as immediate resistance for the Nifty 50, as above it, all eyes will be on 25,250, which can give more strength to bulls, while the support is placed at 25,000 and then 24,850, experts said.
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Overall, the trend remains favourable for bulls, despite the likelihood of intermittent consolidation. Below are some short-term trading ideas to consider.
Trade setup for August 22: Top 15 things to know before the opening bells
According to experts, the 25,160 is expected to remain an immediate hurdle in the upcoming session. Above this, 25,250 becomes a crucial target to watch. Until then, the index is likely to consolidate with support at 25,000.
Technical View: Bullish trend sustains, Nifty may target 25,250 despite consistent Bank Nifty underperformance
According to experts, as long as the Nifty 50 holds 25,000 as immediate support, the rally toward 25,160, followed by 25,250, and then 25,350–25,400 is possible in the upcoming sessions. The 24,850 level is expected to act as a key support, below which selling pressure cannot be ruled out.
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The market may retain its gradual upward trajectory, given healthy technical indicators. Below are some short-term trading ideas to consider.
Trade setup for August 21: Top 15 things to know before the opening bells
Technical indicators signal a bullish bias, with short-term moving averages turning upward. According to experts, if the Nifty 50 sustains above 25,000—the immediate support level—then 25,170 and 25,250 are the levels to watch on the higher side in the upcoming sessions.
Trading Plan: Can Nifty 50 sustain above 25,000, continue to outperform Bank Nifty?
According to experts, as long as the Nifty 50 defends 24,850 as support, the rally toward 25,250 (immediate target), followed by 25,350–25,400, can't be ruled out
Technical View: Five-day gaining streak helps Nifty bulls clear 50% retracement, could target 25,300; Bank Nifty disappoints
Weekly options data suggests that the 25,000–24,900 zone is expected to act as strong support, with resistance seen on the higher side at 25,100–25,200.
Trade setup for August 20: Top 15 things to know before the opening bells
According to experts, after the recent rally, the Nifty 50 might consolidate; however, the overall trend remains positive. It needs to surpass and sustain above the 25,000 zone, which is a crucial level for a further sharp rally toward 25,250. On the downside, 24,850 (Monday's low) is expected to act as a support zone in the near term.
Trading Plan: Can Nifty 50, Bank Nifty extend gains for a fifth straight session?
The 25,000 level is expected to be a crucial barrier for further upside toward 25,160, followed by the 25,350–25,400 zone. On the downside, support is placed at 24,800 for the Nifty 50, experts said.
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The trend is expected to remain favourable for bulls despite a possible immediate consolidation following the recent rally. Below are some short-term trading ideas to consider.
Technical View: Nifty gains for 4th day but holding 25,000 crucial for sharp breakout, Bank Nifty underperforms
The weekly options data suggests that 25,000 is expected to be a key resistance zone. Above this, 25,500 is the level to watch, with support located in the 24,900–24,800 zone.
Trade setup for August 19: Top 15 things to know before the opening bells
As long as the Nifty 50 defends the bullish gap between 24,670–24,850, an upward move toward 25,000, followed by 25,250, cannot be ruled out. On the flip side, the 24,700–24,600 zone is expected to act as a strong support area, according to experts.
Trading Plan: Can Nifty 50 back above 25,000, Bank Nifty move beyond 56,000?
If the Nifty 50 extends gains for a fourth straight session, it may face a hurdle at 24,950–25,000, beyond which the journey toward 25,250 can’t be ruled out, as long as it defends 24,750–24,700 as support, experts said.
Technical View: Strong rally fuels bullish hopes, but Nifty must hold Monday’s low for further uptrend
Weekly options data suggests that the Nifty 50 is likely to target the 25,000-25,200 zone in the short term, with support at 24,800, followed by 24,500.
Trading Plan: Will Nifty 50, Bank Nifty extend their upward journey this week?
The Nifty 50 still traded well below the 20- and 50-day EMAs (24,750–24,800), which are crucial for further upward journey. Until then, the consolidation may continue with support at 24,500–24,450, followed by 24,300, experts said.
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The market is expected to remain in consolidation mode until it reclaims all key moving averages. Below are some short-term trading ideas to consider.
Trade setup for August 18: Top 15 things to know before the opening bells
According to experts, as long as the NIfty 50 trades below the 50-day EMA (24,813), consolidation is expected to continue, with immediate support at 24,465, followed by a key support level at 24,350. On the flip side, the index is expected to face a hurdle at 24,700. If it sustains above this level, 24,800 will be the next level to watch, followed by the 25,000 zone.
Market undertones remain weak despite Nifty snapping 6-week losing streak; fall toward 24,200–24,100 can't be ruled out
With FPIs holding steadfast to heavy short positions and volatility elevated, rallies could easily turn into bull traps. The technical structure continues to support a “sell-on-rise” strategy, with the possibility of Nifty testing 24,200–24,100 in the near term.
Chartist Talk: Sudeep Shah stays cautious despite Nifty rally; bullish on 4 stocks for next week
Current options data and the Put-Call Ratio (PCR) suggest that the market is likely to remain in a short-term consolidation phase, said Sudeep Shah of SBI Securities.
Protected Futures for slow market with Collar: Shubham Agarwal
Slow markets are prone to slower moves and that may not even reach the target in a hurry. With Collor, Put can be moved upwards in case the Future move close to target but does not hit the target.
Chartist Talk: Apollo Hospitals still a strong pick, Paytm showing signs of fatigue, says JM Financial's Rahul Sharma
FII futures positioning still shows a heavy concentration of shorts around. Until this data turns more constructive or prices start to form a consistent pattern of higher highs and higher lows, the Nifty 50 is likely to remain anchored near the lower end of the Bollinger Bands, Rahul Sharma of JM Financial said.
Trading Plan: Will Nifty 50 hit 24,700 on weekly F&O expiry session; Bank Nifty reclaim 55,500?
The Nifty 50 must defend its Tuesday’s low (24,465, which is the key support) in the upcoming session, for further upward movement toward 24,700, followed by 24,800. Sustaining above these levels could open the door for a strong rally, experts said.
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Range-bound trading is likely to be seen in the market in the upcoming sessions. Below are some short-term trading ideas to consider.
