Trading Plan: Can Nifty 50 continue its uptrend and reclaim 25,200, Bank Nifty surpass 57,300?
As long as the Nifty holds the 25,000-24,900 support zone, an upward journey toward 25,200-25,300 is possible in the upcoming sessions, followed by 25,500. However, decisively breaking this support could push the index down toward 24,700.
Trade setup for July 22: Top 15 things to know before the opening bells
Until the Nifty reclaims and sustains above the 25,200-25,250 resistance zone, range-bound trading may continue, with support at 24,900. A break below this support could bring the index down to 24,700, but if it moves above the resistance zone, 25,400 will be the key level to watch, according to experts.
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The continuation of the northward journey is possible only if the market posts a strong close above the 20-day EMA. Below are some short-term trading ideas to consider.
Technical View: Nifty rebounds but needs sustainable close above 25,250 for upward journey, consolidation may continue until then
The weekly options data indicated that the Nifty 50 is expected to trade within a range of 24,900-25,200 in the immediate term.
Trading Plan: Can bears push Nifty 50, Bank Nifty below 50-day EMA amid ongoing consolidation?
According to experts, if the Nifty breaks 24,900 support (which coincides with the 50-day EMA and the lower line of the Bollinger Bands), the selling pressure may pull it down to 24,700. However, in case of a rebound, 25,100–25,200 are the levels to watch.
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The consolidation is expected to continue until the Nifty 50 delivers a strong close above the midline of the Bollinger Bands. Below are some short-term trading ideas to consider.
Trade setup for July 21: Top 15 things to know before the opening bells
Going forward, 24,900 is expected to be a crucial level to watch. If the Nifty 50 breaks and sustains below this level, a decline toward the 24,700 support is possible. However, if it holds above, the 25,000–25,100 zone will be key resistance levels, according to experts.
Chartist Talks: These 2 stocks likely to generate significant alpha compared to broader markets
Milan Vaishnav expects Bank Nifty to break 56,000 support. The correct range for Nifty Bank for the coming week would be 57,500 on the higher side where it is likely to find resistance and 55,000 where there is immediate pattern support.
Carry forward trades with confidence using Volume PCR: Shubham Agarwal
More Puts being traded means we have a lot of traders using Puts to place their trading bets. This means lot of bearish trades are being taken. This will lead to higher Volume PCR.
Chartist Talks: FII long-short ratio signals limited Nifty downside, these 3 stocks likely to continue northward journey, says Sudeep Shah of SBI Securities
While the current FII long-short ratio points to a clearly bearish stance by FIIs, the extremely low long-short ratio also suggests that much of the negativity might already be priced in, leaving room for a potential bounce if any positive trigger emerges, said Sudeep Shah of SBI Securities.
Technical View: Bears may drag Nifty toward 24,500 if index breaks 50 DEMA next week, Bank Nifty falls below 20 DEMA
If the Nifty 50 decisively breaks below 24,900, the 24,800–24,700 zone becomes the next support area to watch, followed by 24,500, which remains a crucial support zone. On the higher side, however, the index needs to reclaim and sustain above 25,000 to resume its upward journey, according to experts.
Trading Plan: Can Nifty 50, Bank Nifty manage to rebound amid rangebound trading?
Given the bearish technical indicators, and as long as the Nifty 50 trades below 25,250, consolidation and range-bound trading may continue, with immediate support at 25,000, followed by 24,900. However, in case of a bounce, it may face a strong hurdle at the 20-DEMA (25,250), as a sustained close above it can drive the index toward 25,400.
Trade setup for July 18: Top 15 things to know before the opening bells
Overall, the Nifty 50 still shows sideways action with a negative bias, considering the technical indicators, and may be waiting for a trigger to gain a firm direction. Until it shows a decisive close above the 20-day EMA (around 25,250), the consolidation may continue, with immediate support at 25,000 and then at 24,900 levels.
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The market needs a close above short-term moving averages for an upward journey; until then, consolidation may continue. Below are some short-term trading ideas to consider.
Technical View: Nifty bears may take charge if 25,000 support breaks; Bank Nifty holds above 20-day EMA
Weekly options data emphasized 25,200 as a critical zone for any upward move for the Nifty 50. Sustaining below this level could drag the index toward the 24,900 support.
Trading Plan: Can Nifty 50 reclaim 25,300, Bank Nifty move beyond 57,400?
The Bank Nifty showed signs of a healthy trend, supported by favourable technical indicators, and is on the verge of a breakout above the falling resistance trendline. If it manages to sustain above this trendline, a rally toward 57,400, followed by the record high of 57,628, is possible. However, the 57,000–56,800 zone is expected to act as a key support.
Trade setup for July 17: Top 15 things to know before the opening bells
As long as the Nifty 50 remains below 25,250, consolidation may continue, with 25,100–25,000 acting as the support zone. However, if it manages to close strongly above these levels, 25,400 becomes the immediate resistance (23.6% retracement), followed by 25,550, according to experts.
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The upward journey amid rangebound trading is expected to continue if the market defends the previous day's low. Below are some short-term trading ideas to consider.
Technical View: Nifty could see healthy upside on decisive break above 25,300; consolidation likely until then
According to weekly options data, the Nifty 50 is likely to trade in the 25,000–25,500 range in the short term, with a decisive move on either side likely to determine the next directional trend.
Trading Plan: Can Nifty 50, Bank Nifty sustain Tuesday’s upward momentum?
If the Nifty 50 holds above 25,250-25,300 zone, the next target would be around 25,500. However, trading below these moving averages could lead to continued consolidation, with 25,000 acting as a key support.
Trade setup for July 16: Top 15 things to know before the opening bells
According to experts, if the Nifty 50 reclaims and holds the 25,250–25,300 zone (corresponding to the 20-day and 10-day EMAs), an upward move toward 25,400–25,500 is possible. On the downside, 25,000 is expected to act as a key support zone.
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The market needs to reclaim and sustain above the 20-day EMA to witness a further northward journey in the upcoming sessions. Below are some short-term trading ideas to consider.
Technical View: Nifty needs to reclaim 25,300 for sustained uptrend, India VIX approaches 15-month low
India VIX fell sharply after a couple of days of upward movement, closing at 11.48 (the lowest closing level since April 26, 2024), down 4.17 percent. This decline brings more stability and confidence to the market.
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The market may see further consolidation with a negative bias if it breaks Monday’s low in the upcoming sessions. Below are some short-term trading ideas to consider.
