Trading Plan: Can Nifty 50 protect 25,150, Bank Nifty hold above 55,000 amid rangebound trading?
If the Nifty 50 stays above it, renewed buying interest can drive the index toward 25,450–25,500; however, a decisive fall below it could drag the index toward 25,000.
Trade Spotlight: How should you trade Bajaj Finance, Tata Motors, United Spirits, BHEL, Cholamandalam Investment, Godawari Power, and others on September 23?
Rangebound trading may continue, and Monday's low could be crucial for further direction. Below are some short-term trading ideas to consider.
Trade setup for September 23: Top 15 things to know before the opening bells
If the Nifty 50 holds the 25,150 support level, bulls may drive the index towards 25,450–25,500, followed by 25,700. On the lower side, the levels to watch are 25,000–24,900, according to experts.
Technical View: Bears could gain upper hand if Nifty breaks Monday’s low; 50-DEMA key for Bank Nifty
Weekly options data suggest that the Nifty 50 may find support in the 25,150–25,000 zone, with resistance in the 25,400–25,500 zone in the near term.
Trading Plan: Will Nifty 50 defend 25,250, Bank Nifty hold 50-DEMA amid likely consolidation?
If the Nifty 50 manages to hold the 25,250–25,150 zone amid likely consolidation, the new leg of strength may drive the index beyond 25,500 and then 25,700. However, a decisive move below it can open the door for bears, who can drag the index down to 25,000–24,900.
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Consolidation may be seen for a few more sessions before entering a new leg of the upmove. Below are some short-term trading ideas to consider.
Trade setup for September 22: Top 15 things to know before the opening bells
Analysts suggest that this consolidation may continue for a few sessions. However, the overall trend remains bullish, supported by positive technical and momentum indicators.
Chartist Talk: Sudeep Shah sees strong potential in these 2 stocks post-breakout
The financial markets have gotten into the festive spirit a week ahead of Navratri, with the Nifty recording a strong rally
5 ways to ever changing market moves: Shubham Agarwal
Shubham Agarwal explains five ways to deal with the movement in the market.
Chartist Talk: Has Nifty 50 entered the third wave of its uptrend to reclaim record highs by Diwali?
Ashok Leyland has been in a structural uptrend. The stock has also given a breakout of the Rounding bottom pattern which is a strong bullish sign, says Ashish Kyal.
Technical View: Nifty rallies for 3rd straight week; 25,150 seen as key support for upside towards 25,500
Weekly options data suggested that the 25,400–25,500 zone may act as a key resistance in the near term, with support likely at the 25,250–25,200 zone.
Trading Plan: Can Nifty 50 hold Thursday’s low, Bank Nifty extend winning streak for 13th consecutive session?
If the Nifty 50 manages to close and sustain above 25,450–25,000 zone in the upcoming sessions, a rally toward the June high of 25,670 is possible. Until then, consolidation may be seen, with immediate support at 25,330–25,250, said experts who advised a buy-on-dips strategy.
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The market may see some consolidation, but overall, the mood remains bullish. Below are some short-term trading ideas to consider.
Trade setup for September 19: Top 15 things to know before the opening bells
The 25,500 level is now the next key hurdle for the Nifty 50. Sustaining above this level could open the door for a retest of the June high at 25,669. However, failure to break and sustain above it may result in some consolidation, with 25,330–25,250 acting as a support zone, according to experts.
Technical View: Nifty bulls target June high, Bank Nifty eyes August peak with VIX below 10 on closing basis for first time
The India VIX, the fear index, hit a new all-time closing low on Thursday, falling 3.54 percent to 9.885, signalling more comfort for bulls and low volatility in the short term.
Trading Plan: Can Nifty 50 reclaim 25,400, Bank Nifty surpass 55,600 after Fed interest rate decision?
According to experts, the Nifty 50 is likely to move toward 25,400, followed by 25,500-25,600, as long as it holds 25,150-25,000 as support.
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The trend is likely to remain favourable for the bulls, but some consolidation can't be ruled out. Below are some short-term trading ideas to consider.
Trade setup for September 18: Top 15 things to know before the opening bells
Experts expect the Nifty 50 to reclaim 25,550 and then 25,669 in the upcoming sessions, provided it holds the 25,150–25,000 zone as a crucial support area. A move below this support could invite some selling pressure.
Technical View: Unstoppable bulls eye 25,550 for Nifty; break above 55,600 could ignite new rally in Bank Nifty
The weekly options data indicates that Nifty 50 may face the next resistance at 25,500, followed by 26,000. However, the 25,300-25,200 zone could act as near-term support.
Trading Plan: Can momentum push Nifty 50 beyond 25,250, keep Bank Nifty above 50-DEMA?
Given the strong trend backed by bullish technical and momentum indicators, the Nifty 50 is likely to march toward the 25,350–25,400 zone, followed by 25,550 in the upcoming sessions, provided 25,150 acts as support; below it, 25,000 remains a crucial support.
Trade Spotlight: How should you trade Bandhan Bank, Ashok Leyland, KEI Industries, Amber Enterprises, Aadhar Housing, Phoenix Mills, and others on September 17?
The market is expected to maintain bullish momentum after surpassing the August swing high. Below are some short-term trading ideas to consider.
Trade setup for September 17: Top 15 things to know before the opening bells
According to experts, a decisive close above 25,250—which was tested intraday on Tuesday—could open the door for a rally toward 25,400 and 25,550 in the upcoming sessions. However, any bouts of profit booking in Nifty 50 are expected to be used as buying opportunities, with immediate support at 25,150, followed by a key support zone in the 25,000–24,850 range.
Technical View: Nifty bulls gain solid strength after a break, targeting 25,400; Bank Nifty reclaims 50 DEMA
Following Monday’s rally, weekly options data also pointed to 26,000 as the next potential target for the Nifty 50, with key support in the 25,200–25,000 zone.
Trading Plan: Can Nifty 50 defend 25,000, Bank Nifty reclaim 55,000 amid consolidation?
The short-term view is positive in anticipation of short covering; however, one needs to be cautiously bullish unless a complete trend reversal happens.
