expertadvice

Trade setup for May 28: Top 15 things to know before the opening bell

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.

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Rangebound trading is expected to continue, with key support near the low of last Thursday. Below are some short-term trading ideas to consider.

Technical View: Rangebound trading likely to persist until Nifty stays in 24,450-25,000 zone; VIX signals caution for bulls

Monthly options data also indicated resistance around the 25,000 mark, with support near the 24,500 zone

Trading Plan: Will Nifty 50, Bank Nifty extend northward journey for third consecutive session?

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.

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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.

Trade setup for May 27: Top 15 things to know before the opening bell

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.

Technical View: Nifty eyes new swing high if 25,000 holds, Bank Nifty must sustain above 55,700 for rally

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.

Trading Plan: Will Nifty 50 defend 24,700, Bank Nifty manage to hold 54,550 amid rangebound trading?

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.

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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.

Trade setup for May 26: Top 15 things to know before the opening bell

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.

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Next week may test traders' patience; Nifty needs to break 25,150 for the next leg up

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.

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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.

Technical View: Bulls stage sharp comeback; Nifty may target 25,116 if 24,850 holds

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.

Trading Plan: Will Nifty 50, Bank Nifty manage to rebound amid consolidation?

In case the Nifty 50 recovers further, the resistance is placed at the 24,700, followed by 24,850 zone, but the breaking of support zone of 24,500-24,450 can drive the index down toward 24,350, according to experts.

Trade setup for May 23: Top 15 things to know before the opening bell

The Nifty50 managed to defend the crucial 24,450–24,500 zone on a closing basis. This zone remains pivotal, as a breakdown could push the index further down toward 24,350, while holding above this level may open the path for a rebound towards the 24,800–24,900 range, according to experts.

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Consolidation is likely to continue, with the indices attempting to defend the previous Thursday’s low in the upcoming session. Below are some short-term trading ideas to consider.

Technical View: Bears may take control if Nifty decisively breaks 24,450 support; 54,550 key level for Bank Nifty

Weekly options data suggest that Nifty may trade in the 24,000–25,500 range in the near term.

Trading Plan: Will Nifty 50 defend 24,650, Bank Nifty sustain above 54,500 amid likely consolidation?

As long as the Nifty 50 defends the 24,650 zone, a march toward 25,000–25,100 can’t be ruled out in the upcoming sessions. However, falling below this level could drag the index down toward 24,500, a key support zone.

Trade setup for May 22: Top 15 things to know before the opening bell

If the Nifty 50 index decisively breaks these levels, the selling pressure may drag the index down toward 24,500, the crucial support zone. However, in case the index extends northward journey amid likely rangebound trading, it may face resistance at 25,000 mark, experts said.

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The market is expected to continue rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.

Trading Plan: Will Nifty 50, Bank Nifty extend southward journey amid rangebound trading?

If the Nifty 50 falls below 24,500, it may find support at 24,380 (the upper end of the bullish gap), while on the higher side, it may face resistance in the 25,000–25,116 zone, according to experts.

Trade setup for May 21: Top 15 things to know before the opening bell

With 24,500 acting as immediate support, the Nifty 50 may attempt to rebound toward the 25,000 zone. However, a fall below and sustained trading under 24,500 could drive the index down toward the next key support at 24,380, which corresponds to the upper band of the gap-up from May 12, according to experts.

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The market is likely to continue trading in a range within last Thursday’s high and low. Below are some short-term trading ideas to consider.