Technical View: Bears erase 450 pts from Nifty's recent swing high, put 100 DEMA at risk; Bank Nifty hits new August low
According to experts, if the Nifty 50 decisively breaks the 100-day EMA, a further correction towards 24,340 (August low) cannot be ruled out in the coming sessions. However, in case of a rebound or the index finding support at Tuesday’s low, the level to watch would be 24,850, which marks the confluence of the 10, 20, and 50-day EMAs.
Trading Plan: Will Nifty 50 hold 24,850, Bank Nifty stay above its August low?
Until the Nifty 50 stays below 25,150, consolidation and rangebound trading may continue, with immediate support at 24,850. Below this level, bears may become strongly active and drive the index down to 24,700.
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The market is likely to consolidate further until it decisively gets back above last Thursday's high. Below are some short-term trading ideas to consider.
Trade setup for August 26: Top 15 things to know before the opening bells
According to experts, as long as the Nifty 50 stays above 24,850 (support), a gradual upside toward 25,000 (immediate hurdle) is possible, followed by a move toward the 25,150–25,250 resistance zone in the upcoming sessions. However, a decisive fall below the 24,850 support level could open the door for a decline toward 24,700.
Technical View: Nifty forms inside bar pattern after no follow-through selling, crossing 25,000 crucial for further upside
Monthly options data suggest that the 25,000 level is likely to be crucial for determining the next directional move in the short term.
Trading Plan: Can Nifty, Bank Nifty manage to defend Friday’s low?
If the Nifty 50 decisively falls below this level, 24,700 could be the next downside target. On the higher side, 25,000 is expected to be immediate resistance. A move above this level could lead to a test of last week’s high of 25,150.
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The market is expected to remain rangebound until the frontline indices reclaim and sustain above last week's high. Below are some short-term trading ideas to consider.
Trade setup for August 25: Top 15 things to know before the opening bells
If the Nifty 50 rebounds, the 25,000 level is the one to watch, followed by 25,150 as a crucial hurdle. However, immediate support is placed at 24,850 (Friday’s low), as a break below this level may lead bears into the bullish gap area of August 18, according to experts.
Chartist Talk: Sudeep Shah spots overbought signals in these 2 stocks, expects Nifty Auto index to hit record high in September
Given technical confirmations, Nifty Auto is well-positioned to continue its outperformance in the short term, barring any major market-wide disruptions, said Sudeep Shah of SBI Securities.
Let Options Open Interest (OI) guide trading in small range: Shubham Agarwal
An analogy of Options will help to get the help to trade better in range bound market.
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Overall, the Nifty 50 remain in the broad trading range with strong under-currents and will eventually move past the crucial resistance zone of 25,000-25,150 in the coming days, says Milan Vaishnav of Gemstone Equity.
Technical View: Bears may tighten grip if Nifty decisively breaks 24,700 next week; Bank Nifty near 100-day EMA support
This monthly options data suggests that 25,000 is likely to be the immediate resistance for the Nifty 50, with 24,800 acting as immediate support.
Trading Plan: Can Nifty 50 extend gains for a 7th straight session, Bank Nifty break its consolidation range?
The 25,160 level is expected to act as immediate resistance for the Nifty 50, as above it, all eyes will be on 25,250, which can give more strength to bulls, while the support is placed at 25,000 and then 24,850, experts said.
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Overall, the trend remains favourable for bulls, despite the likelihood of intermittent consolidation. Below are some short-term trading ideas to consider.
Trade setup for August 22: Top 15 things to know before the opening bells
According to experts, the 25,160 is expected to remain an immediate hurdle in the upcoming session. Above this, 25,250 becomes a crucial target to watch. Until then, the index is likely to consolidate with support at 25,000.
Technical View: Bullish trend sustains, Nifty may target 25,250 despite consistent Bank Nifty underperformance
According to experts, as long as the Nifty 50 holds 25,000 as immediate support, the rally toward 25,160, followed by 25,250, and then 25,350–25,400 is possible in the upcoming sessions. The 24,850 level is expected to act as a key support, below which selling pressure cannot be ruled out.
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The market may retain its gradual upward trajectory, given healthy technical indicators. Below are some short-term trading ideas to consider.
Trade setup for August 21: Top 15 things to know before the opening bells
Technical indicators signal a bullish bias, with short-term moving averages turning upward. According to experts, if the Nifty 50 sustains above 25,000—the immediate support level—then 25,170 and 25,250 are the levels to watch on the higher side in the upcoming sessions.
Trading Plan: Can Nifty 50 sustain above 25,000, continue to outperform Bank Nifty?
According to experts, as long as the Nifty 50 defends 24,850 as support, the rally toward 25,250 (immediate target), followed by 25,350–25,400, can't be ruled out
Technical View: Five-day gaining streak helps Nifty bulls clear 50% retracement, could target 25,300; Bank Nifty disappoints
Weekly options data suggests that the 25,000–24,900 zone is expected to act as strong support, with resistance seen on the higher side at 25,100–25,200.
Trade setup for August 20: Top 15 things to know before the opening bells
According to experts, after the recent rally, the Nifty 50 might consolidate; however, the overall trend remains positive. It needs to surpass and sustain above the 25,000 zone, which is a crucial level for a further sharp rally toward 25,250. On the downside, 24,850 (Monday's low) is expected to act as a support zone in the near term.
Trading Plan: Can Nifty 50, Bank Nifty extend gains for a fifth straight session?
The 25,000 level is expected to be a crucial barrier for further upside toward 25,160, followed by the 25,350–25,400 zone. On the downside, support is placed at 24,800 for the Nifty 50, experts said.
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The trend is expected to remain favourable for bulls despite a possible immediate consolidation following the recent rally. Below are some short-term trading ideas to consider.
Technical View: Nifty gains for 4th day but holding 25,000 crucial for sharp breakout, Bank Nifty underperforms
The weekly options data suggests that 25,000 is expected to be a key resistance zone. Above this, 25,500 is the level to watch, with support located in the 24,900–24,800 zone.
