If the Nifty manages to extend the said recovery, 24,900 and 25,000 are the levels to watch on the higher side. However, a decisive break below 24,700 can bring the bears into action, according to experts.
In the upcoming session, the 24,700–24,650 zone is expected to be crucial for the Nifty 50, as a break below this level could drag the index down toward 24,450. However, sustaining above it could take the index toward the 25,000 mark, experts said.
The market decisively needs to break the trading range of the May 15 session to establish a firm direction. Below are some short-term trading ideas to consider.
As long as the Nifty 50 manages to hold 24,700 in the upcoming sessions of the June series, a march toward the 25,000–25,100 zone remains possible. However, if it falls and sustains below 24,700, the levels to watch would be 24,500–24,450, according to experts.
In the upcoming session, if the Nifty 50 breaks and sustains below 24,700, the bears may turn active and pull the index down toward 24,500. However, on the higher side, 24,850 is the immediate hurdle, followed by 25,000, according to experts. Meanwhile, the Bank Nifty is also expected to consolidate further, with 55,000–54,900 acting as support and 55,800–56,000 being a key hurdle zone.
In the upcoming session, the monthly F&O expiry day, if the Nifty 50 falls and sustains below 24,700, a downward move toward 24,500–24,450 is possible. However, a decisive close above 24,850 could drive the index toward the recent swing high (25,116), according to experts.
The market is expected to remain directionless in the upcoming sessions until it decisively breaks the trading range of May 15. Below are some short-term trading ideas to consider.
The India VIX, the market's fear gauge, dropped 2.79 percent to 18.02, after three consecutive days of gains. However, it remains in elevated territory. Therefore, bulls need to stay cautious until the VIX falls and sustains below the 15 mark.
According to experts, the Nifty 50 needs to decisively surpass and sustain above 25,000 to initiate an upward move toward 25,100–25,200. On the downside, 24,700 acts as key support, and a break below this level could drag the index toward 24,450.
According to experts, if the Nifty 50 manages to defend the support zone at 24,700 in the upcoming sessions, an upside toward the 25,100–25,200 range is possible. Conversely, a decisive fall below 24,700 could drag the index down to the 24,500–24,450 levels.
Rangebound trading is expected to continue, with key support near the low of last Thursday. Below are some short-term trading ideas to consider.
Monthly options data also indicated resistance around the 25,000 mark, with support near the 24,500 zone
The mood remains positive on Dalal Street; however, any near-term consolidation could make the market healthier. According to experts, the Nifty 50 may march toward 25,300 in the short term if it holds 24,800 as support. However, if the index slips below 24,800, bears may become active.
The market is expected to consolidate after the two-day rally and may attempt another session of upward movement. Below are some short-term trading ideas to consider.
The Nifty 50 might consolidate with support at the 24,850–24,900 zone, as a breakdown below this could trigger selling pressure. However, as long as it holds this support, the march toward the 25,200–25,300 range remains possible. This could act as a resistance zone, and a break above it might trigger a sharp rally, according to experts.
Traders should exercise caution as the India VIX, the fear gauge, climbed above the 18 mark and moved above all key moving averages. The index rose 4.3 percent to 18.02, reflecting increased market volatility.
As AI systems learn from online content, creators face exploitation without consent. The future hinges on strategic licensing, cultural value recognition, and creators reclaiming control over their digital contributions
While the trend remains positive, the Nifty 50 is expected to remain rangebound in the near term, as long as it sustains below 25,116. A move above this level can take the index toward the 25,200–25,300 zone. However, the immediate support is placed at 24,700; a break below this could drag the index down toward 24,460.
The market is expected to continue rangebound trading until the index decisively surpasses and sustains above the high of the month of May. Below are some short-term trading ideas to consider.
In the near term, the Nifty 50 may experience rangebound trading. If the index consistently defends the 24,700 level, a rally toward 25,000–25,200 cannot be ruled out. The crucial support is placed at 24,460, near the low of last week, according to experts.
While each of these microcap stocks carries inherent risks, the current technical setup supported by the Heikin Ashi Multi-Time Frame alignment signals a potential for bullish breakouts.
The price setup continues making higher tops and bottoms, holding above the 20-day EMA — so the trend points upward. Immediate support sits near 24,500, where aggressive Put writing offers a protective base. On the upside, the 24,800–25,000 zone is tricky, crowded with resistance and Call build-up.
In terms of key levels, the zone of 24,950–25,000 will act as an immediate resistance for Nifty 50. A decisive close above 25,000 could unlock further upside towards 25,300 and eventually 25,500 in the short term, said Sudeep Shah.
Monthly options data suggests that the Nifty 50 may face resistance near the 25,000 level in the near term, with support around 24,500.
Teaching AI literacy from an early age empowers young people to think critically, question technology, and lead ethically