Trading Plan: Will Nifty 50, Bank Nifty consolidate after the sharp rally?
The Nifty 50 may witness some consolidation or profit booking with support at 24,600, after a nearly 4 percent rally in the previous session. However, the overall trend remains strong, and the index may gradually climb toward the 25,200–25,300 zone in the short term, experts said.
Trade setup for May 13: Top 15 things to know before the opening bell
According to experts, the Nifty 50 is expected to move toward 25,200 in the upcoming sessions, but before that it may see some consolidation and profit booking with key support of 24,590 considering the strong rally of Monday.
Trade Spotlight: How should you trade Infosys, BHEL, Info Edge, Birlasoft, Cyient, APL Apollo Tubes, Tata Technologies, and others on May 13?
Overall, the trend remains positive, though some profit booking and consolidation in the upcoming sessions can't be ruled out after the robust gains of the previous session. Below are some short-term trading ideas to consider.
Technical View: Strong bullish sentiments drive Nifty beyond December swing high, 25,200 next crucial hurdle to watch
Weekly options data indicated that the next resistance levels for the Nifty 50 are 25,000–25,500, while support is seen around 24,500.
This Nifty 50 indicator shows bullish turnaround after India-Pakistan hostilities subsided
Despite the uncertainty following rapid escalation followed by a quick ceasefire, the technicals suggest that there is potential for a bullish turnaround.
Trading Plan: Will Nifty 50, Bank Nifty extend selling pressure for third consecutive session?
As long as the Nifty 50 trades above the previous swing low of 23,850, rangebound trading cannot be ruled out. A fall below this level may drag the index toward 23,500–23,600, while sustaining above it could drive the index toward 24,600, the key hurdle on the higher side.
Trade Spotlight: How should you trade Tata Motors, Astra Microwave Products, UPL, Solar Industries, Max Financial Services, and others on May 12?
Rangebound trading is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
Trade setup for May 12: Top 15 things to know before the opening bell
The Nifty 50 remains within the range of 23,850–24,600 despite Friday’s correction. A decisive breakdown below the lower end of the range could drive the index down to the 23,600–23,500 zone in the upcoming sessions. Conversely, a breakout above 24,600 could resume a new leg of the upmove, according to experts.
Market turns defensive: Bearish candles, rising VIX, open interest data point to deeper correction
The appearance of a Bearish Engulfing candle on the weekly chart sends a clear message - the bulls are stepping back, and the market is showing signs of fatigue.
Chartist Talks: SBI Securities' Sudeep Shah advises caution, picks these 2 bluechips
Talking about crucial levels, the zone of 23,850-23,800 will act as a crucial support for the Nifty 50 next week. However, on the upside, the zone of 24,250-24,300 will act as a crucial hurdle for the index, said Sudeep Shah of SBI Securities.
Top 3 trade adjustments, explained by Shubham Agarwal
Trade Adjustments means modifications done to the original position to accommodate the move that happened after the trade was taken.
Chartist Talks: ICICI Securities' Dharmesh Shah advises not to panic amid Indo-Pak tension-led correction, steam still left in defence pack
Looking at the broader bullish structure, Dharmesh Shah of ICICI Securities believes there is still steam left in the defence pack
Technical View: Weekly chart pattern signals bears may tighten grip, 23,850 crucial for Nifty; VIX hits one-month high
The weekly options data suggests that the Nifty 50 may trade in the broader range of 23,500–25,000, while the immediate trading range could be between 23,800–24,500.
Trading Plan: Will Nifty 50 break 23,850 zone, Bank Nifty fall below 53,500 amid escalated India-Pakistan tensions?
If the Nifty 50 decisively breaks 24,000 support, 23,850–23,800 can’t be ruled out in the upcoming session. Below this, the fall could extend toward the 23,600–23,500 zone.
Trade setup for May 9: Top 15 things to know before the opening bell
According to experts, the underlying trend of the Nifty 50 is weak, with an elevated VIX and momentum indicators tilting downward. The index breached the 24,200 level intraday, and if this level is decisively broken in the upcoming session, the correction may extend toward the 24,000–23,850 range.
Trade Spotlight: How should you trade Zensar Technologies, APL Apollo Tubes, ITC, CRISIL, BSE, Aurobindo Pharma, and others on May 9?
The market is expected to see further weakness if it decisively breaks the previous day's low. Below are some short-term trading ideas to consider.
Technical View: Further weakness may drive Nifty towards crucial support of 24,000; India VIX at 21 suggests caution for bulls
The weekly options data suggested that the Nifty is expected to remain in the range of 24,000–24,500 in the short term, while the broader range lies between 23,800 and 25,000.
Trading Plan: Will Nifty 50 hold 24,200 zone, Bank Nifty sustain above 54,000 amid rangebound trading?
The Nifty 50 may trade in the range of 24,200–24,600, and a decisive break above or below this range could give a firm direction to the index, experts said.
Trade setup for May 8: Top 15 things to know before the opening bell
The Nifty 50 smartly defended 24,200, which is likely to act as a support in the upcoming sessions, whereas, 24,500-24,600 is expected to be resistance zone. Until the index breaks either of these levels, the rangebound activity may sustain, according to experts.
Trade Spotlight: How should you trade Maruti Suzuki, APL Apollo Tubes, Devyani International, Aditya Birla Capital, Motherson, and others on May 8?
The market is expected to remain rangebound in the upcoming sessions. Below are some short-term trading ideas to consider.
Technical View: Nifty closes above 24,400 amid volatility; critical resistance at 24,500
Broader indices outperformed the main indices with Nifty midcap index rising 1.6 percent and smallcap index added 1.4 percent.
Trade setup for May 7: Top 15 things to know before the opening bell
If the Nifty 50 breaks 24,300 (the previous day's low), the next support levels lie at 24,200, followed by 24,050 (the 200-day SMA). On the higher side, the 24,500–24,600 zone is the key hurdle area; sustaining above this zone could drive the index towards 24,800–24,900, experts said.
Trading Plan: Will Nifty 50, Bank Nifty defend Tuesday's low amid elevated VIX?
In the near term, the Nifty 50 may find support at 24,200 in case of further correction. On the higher side, the 24,550–24,600 zone is expected to act as a strong hurdle, experts said.
Trade Spotlight: How should you trade Coromandel International, Ceat, Elecon Engineering, Chambal Fertilisers, Max Healthcare, and others on May 7?
The market is expected to continue consolidating within last Friday's trading range. Below are some short-term trading ideas to consider.
