Trading Plan: Will Nifty 50 reclaim 25,100, Bank Nifty surpass 55,700 amid possible consolidation?
According to experts, the Nifty 50 may attempt a consolidation breakout and inch toward 25,100–25,200, but in the case of a correction, healthy support is placed at 24,850–24,800. The Bank Nifty may attempt to extend its upward journey toward 55,700–56,000, provided it defends 55,000 as a support.
Trade setup for May 20: Top 15 things to know before the opening bell
The expected trading range for the Nifty 50 could be within the 24,800–25,200 zone in the short term. A decisive break below 24,800 could trigger major selling pressure, whereas a break above 25,200 may open the doors for a move towards 25,500–25,700, experts said.
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The market is likely to consolidate further and may attempt to surpass last Thursday's swing high. Below are some short-term trading ideas to consider.
Technical View: 25,000 emerges as key level for Nifty's next move; India VIX rebounds after 5-day decline
As per weekly options data, the 25,000 level is expected to remain a crucial zone for further direction in the Nifty 50, with immediate support at 24,800 and resistance at 25,200.
Trade setup for May 19: Top 15 things to know before the opening bell
As long as the Nifty 50 defends the 24,850–24,800 zone (the support area), the bullish bias may push it toward the 25,200–25,300 zone in the short term, followed by 25,500–25,700, which represents a crucial hurdle before reaching the record high, experts said.
Trading Plan: Will bullish momentum help Nifty 50 march toward 25,200, Bank Nifty surpass 55,500 next week?
Given that technical indicators are in a healthy position, the Nifty 50 is expected to gradually march toward the 25,200–25,300 zone, the immediate key resistance area. Sustaining above this level can open the door to 25,500–25,700, while key support is placed at 24,800, according to experts.
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The market is expected to remain in positive terrain despite intermittent consolidation. Below are some short-term trading ideas to consider.
Volatility may still test patience, but optimism clearly taking centre stage, Nifty sees immediate hurdle at 25,300
With India VIX cooling back near 16, nerves are easing. And with signs of short covering and healthy OI trends, the tide appears to be turning in favour of the bulls.
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From a technical standpoint, the current chart structure suggests that the bullish momentum is likely to extend into the coming week, said Sudeep Shah of SBI Securities who expects the Nifty to move toward 25,300 in the short term, with the potential to stretch further toward 25,600.
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Chartist Talks: ICICI Securities' Dharmesh Shah expects Nifty to clock a fresh all-time high in coming quarter
Dharmesh Shah of ICICI Secuities believes the Bank Nifty is undergoing healthy consolidation that would set the stage for next leg of up move towards 57,000 in coming months.
Technical View: Nifty takes breather but ongoing bullish momentum may drive index toward 25,500 with weakening VIX
Experts expect the Nifty 50 to inch toward 25,300 (the 78.6 percent Fibonacci retracement of 26,277–21,744), followed by 25,500 as a key resistance. However, support is placed at 24,800, and then 24,500, as a breach below this level may open the door to selling pressure
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Trading Plan: Will Nifty 50, Bank Nifty extend northward journey further?
The Nifty 50 is expected to move toward the 25,200–25,300 area in the upcoming session, while taking support at 24,860, followed by 24,500 as a key support.
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Bulls appear to be in healthy momentum and may continue driving the market rally further. Below are some short-term trading ideas to consider.
Trade setup for May 16: Top 15 things to know before the opening bell
The Nifty 50 is expected to advance toward the 25,200–25,300 zone in the upcoming sessions, followed by the 25,500–25,700 range as the next potential target. On the downside, support is placed at 24,860 (the December 2024 swing high), followed by 24,500 as a crucial support level, according to experts.
Technical View: Consolidation breakout takes Nifty above 25,000 after 7 months; next target seen at 25,300
Back-to-back long bullish candle formations over the last four sessions, with only minor weakness in between, indicate that the bulls are back in control.
Trading Plan: Can Nifty 50 outperform Bank Nifty amid rangebound trading?
Momentum remains favourable for the bulls, who can gradually drive the Nifty 50 toward the 24,800–25,000 zone in the upcoming sessions. The immediate support is placed at 24,500, followed by 24,380, which is a crucial support level.
Trade setup for May 15: Top 15 things to know before the opening bell
Given the supportive technical indicators, with the Nifty 50 trading well above all key moving averages, the bulls are likely to gradually drive the Nifty 50 toward the 24,800–25,000 zone in the upcoming sessions, as long as the index defends the crucial support zone at 24,380. The immediate support is placed at 24,500, according to experts.
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Market sentiment is expected to remain positive. Below are some short-term trading ideas to consider.
Technical View: Nifty could hit 25,000 as long as it stays above 24,500, VIX drops for third session
According to experts, the Nifty 50 is gradually expected to move toward 25,000, and sustaining above this level could open the door to the 25,200–25,300 zone. However, 24,500 remains the immediate support.
Trading Plan: Can Nifty 50, Bank Nifty manage to rebound after profit booking?
According to experts, the Nifty 50 is expected to consolidate in the range of 24,380–25,000 before showing a strong trend in either direction. A break above 25,000 could open doors for levels around 25,200–25,300, while a fall below 24,380 may see the bears becoming active.
Trade setup for May 14: Top 15 things to know before the opening bell
In the upcoming sessions, the Nifty 50 is likely to gradually move northward toward the 24,700–24,800 levels amid consolidation. Sustaining above this range could open doors for the 25,000 mark, which remains the key hurdle. However, if the index corrects, 24,380 is expected to act as the key support.
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Given supportive technical indicators and the easing of most concerns, the index is likely to gain momentum despite intermittent consolidation. Below are some short-term trading ideas to consider.
