Trading Plan: Will Nifty 50 reclaim 24,700, Bank Nifty move toward 56,000 ahead of RBI policy?
The Nifty 50 remained below short-term moving averages (10- and 20-day EMAs) and below the midline of the Bollinger Bands (24,700). Hence, the index needs to reclaim and sustain above 24,700 for a move toward the 24,850–24,900 levels. However, on the lower side, 24,500 is expected to act as key support, which has consistently held well on a closing basis.
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Market sentiment may improve further with the fall in India VIX and amid hopes of a 25 bps cut in the repo rate in the policy meeting on June 6. Below are some short-term trading ideas to consider.
Trade setup for June 5: Top 15 things to know before the opening bell
For Nifty 50, 24,500 is expected to act as a key support zone in the upcoming sessions. However, it remained below the midline of the Bollinger Bands at 24,700. Hence, the immediate hurdle is expected at 24,700, and above that, 24,850 becomes the next level to watch.
Technical View: Nifty rebounds after 3-day weakness, next target placed at 24,850, falling VIX turns supportive for bulls
The next hurdle for the Nifty 50 is placed at 24,850—the high of the previous session. Above this, the 25,000 level is the key to watch. However, 24,500 is expected to act as a crucial support zone, according to experts.
Trading Plan: Will Nifty 50 sustain above 24,500, Bank Nifty defend 55,100?
According to experts, if the Nifty 50 breaks and sustains below 24,500, selling pressure may intensify. However, a bounce back above 24,700 could lift the index toward 24,900–25,000 levels.
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The market is expected to remain rangebound and attempt to defend the previous day’s low amid elevated VIX levels. Below are some short-term trading ideas to consider.
Trade setup for June 4: Top 15 things to know before the opening bell
If the Nifty 50 breaks below the lower boundary of this range, the 24,380 level will be crucial, as a decisive fall below this point could trigger increased bearish activity. However, if the index continues to defend the lower range, immediate resistance is expected at 24,700, followed by 24,900, according to experts.
Technical View: Nifty breaches 20 DEMA to form long bearish candle, 24,400-24,370 likely to be make or break zone
Weekly options data suggested that the Nifty may trade within the 24,000–25,000 range in the short term.
Trading Plan: Will Nifty 50 continue to underperform Bank Nifty amid rangebound trading?
Overall, the Nifty 50 is expected to trade within the 24,500–25,100 range in the upcoming sessions. According to experts, a fall below 24,500 can open the door for a move toward 24,400, while sustaining above 25,000 can drive the index toward the 25,100–25,200 zone.
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The market may turn positive amid rangebound trading. Below are some short-term trading ideas to consider.
Trade setup for June 3: Top 15 things to know before the opening bell
According to experts, the Nifty 50 is expected to remain choppy in the upcoming sessions. If the index decisively breaks below the lower range, the 24,380 level is one to watch. However, in case of a rebound, 24,900 is expected to act as a hurdle for the index.
Trading Plan: Will Nifty 50 rebound to 24,900, Bank Nifty extend gains towards 56,000 zone?
Overall, the trend remains positive, although in the short term, the Nifty 50 may stay rangebound, facing resistance in the 24,900-25,000 zone. A breakout above this range could push the index towards 25,100, while the support zone is placed around 24,700. Below this level, 24,450 is the key level to watch, according to experts.
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Trade setup for June 2: Top 15 things to know before the opening bell
A decisive close below this zone could drag the Nifty 50 down to 24,500–24,450. On the flip side, 24,900 is likely to act as the immediate key resistance zone, and a move above this level could take the index toward the 25,000 mark. Overall, according to experts, the index is likely to remain in the 24,500–25,000 range in the short term.
Nifty stuck in 400-point band, but May rollovers and open interest surge spark hopes for next leg of rally
Structurally, Nifty holds onto its Higher High–Higher Low pattern, showing bulls are quietly holding the line. The index has defended its key support zones, with aggressive buying seen on dips, and it remains comfortably above its 20-day EMA — all reinforcing the broader bullish undertone.
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In terms of key levels, the zone of 25,050–25,100 will act as an immediate resistance for Nifty 50. A sustained move above 25,100 could open the gates for a sharp rally towards 25,500, followed by 25,700 in the short term, said Sudeep Shah of SBI Securities.
Trading Plan: Will Nifty 50 surpass 24,900, Bank Nifty climb above 55,800 on first day of June series?
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.
Trade setup for May 30: Top 15 things to know before the opening bell
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.
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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.
Technical View: Sustaining above 24,700 can drive Nifty towards 25,000, VIX at over one-month low
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.
Trading Plan: Will Nifty 50, Bank Nifty extend losses for third consecutive session?
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.
Trade setup for May 29: Top 15 things to know before the opening bell
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.
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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.
Technical View: Bears could become active if Nifty decisively breaks 24,700; crossing 55,800 crucial for Bank Nifty bulls
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.
