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#Nifty | Breakout Confirmed, Now Eyes on Support for Next Move#Nifty Update (Daily): CMP: 25,891.40 Following our previous update at 25,285, Nifty has decisively broken out above the Symmetrical Triangle pattern and surged to a high of 26,104 today. Price action formed a bearish candle but managed to close positively on the daily chart. 🔄 What to expect next? A potential retest of breakout levels is likely as profit booking is expected after a strong rally of over 1,500 points from the swing low. Watch the key support zones closely for a possible bounce. 🔽 Support Zones to watch : 25,669 - 25,638 25,449 - 25,424 ⚡️ If Nifty holds these levels and reverses, it could set the stage for a renewed upmove aimed at surpassing the all-time high (ATH) at 26,277. 🔼 Resistance Zones to watch : 26,104 (recent high) 26,216 - 26,277 (ATH) 📈 A sustained break above the ATH will confirm continuation toward the symmetrical triangle’s ultimate target near 26,700 . #Nifty | #Nifty50 | #BreakOutRetest | #SymmetricalTriangle | #ChartPatterns | #SwingTrading | #PriceAction 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
NSE:NIFTYLong
by Stocks_Mario
CUP & HANDLE Pattern Breakout in NIFTYA Breakout with good volume has happened in NIFTY 50 INDEX. The breakout is has happened in weekly Time Frame 😱😱. A Big target of 29400 is available to be achieved🎯 SL will be below the Handle's Low on sustaining Basis. A better entry could be the one after retracement💡. As there are high chances of retracement from here as the price is very near to lifetime high. One should always be cautious with the trade as the time is weekly. And, there can be many factors which can become hurdle like War, Tariff War, US economic bubble burst leading to crash etc etc. However, entry target and SL are also mentioned in the chart. Subscribe to my YouTube Channel for more details and more analysis. Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.
NSE:NIFTYShort
by YogeshVerma1
#Nifty Weekly Outlook – Cup & Handle in Focus!CMP: 25,285 Primary Trend: Uptrend (Bullish Bias) 🔽 Support Zones • 25154 – 25084 • 24858 – 24768 • 24588 (Major swing support) 🔼 Resistance Zones • Immediate Resistance: 25424 – 25449 • Next Hurdles: 25638 – 25669 • Key Breakout Level: 26179 – 26277.35 (ATH) Pattern: Cup & Handle ☕️ A classic Cup & Handle pattern is forming on the weekly timeframe , following a strong uptrend, which is a bullish continuation setup. • 🧭 Neckline breakout (sloping white trendline) is the key trigger. • 🎯 Target Projection: ~29,500 (~16% upside potential post-breakout) 🔒 Pattern Invalidation Level • Weekly close below 24,337 negates the pattern. ⏳ Awaiting Breakout Confirmation • A weekly close above the neckline with solid volume will confirm the breakout . • Until then, price remains in a healthy consolidation. ✅ Dips into support zones can be used for positioning, with proper risk management. #Nifty | #Nifty50 | #CupAndHandle | #ChartPatterns | #SwingTrading | #PriceAction 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
NSE:NIFTYLong
by Stocks_Mario
Nifty 50 spot 25114 by Daily Chart view - Weekly UpdateNifty 50 spot 25114 by Daily Chart view - Weekly Update - Rising Support Channel seems back in positive action mode - Resistance Zone 24900 to 25150 of Nifty Index Breakout attempted - Falling Resistance Trendline in place but Resistance Channel Breakout attempted - Bearish Rounding Top pattern by the Resistance zone neckline to see breakout over the next week - Bullish "W" with Double Bottom formed below Support Zone, seems instrumental for uptrend momentum - Support Zone seen at 24450 to 24700 of Nifty Index gained strength by the weekly closure above the 25000 index level
NSE:NIFTY
by PIYUSHCHAVDA
Bank Nifty spot 54809.30 by Daily Chart view - Weekly UpdateBank Nifty spot 54809.30 by Daily Chart view - Weekly Update - Support Zone 53575 to 54175 for Bank Nifty Index - Rising Support Channel seems back in positive action mode - Resistance Zone 54975 to 55575 of Bank Nifty Index may act as a strong barrier to cross - Minor Gap Down Opening of Tuesday would get closure soon, probably over the next week - Earlier Resistance Zone now seems like getting in the Support Zone role by this weeks closure
NSE:BANKNIFTY
by PIYUSHCHAVDA
NIFTY: Ascending Triangle Breakout In PlayTechnical Outlook: CMP: 24,973 📍 Immediate Support Zone: 24,858 – 24,768 📍 Strong Support Zone: 24,363 – 24,329 📍 Immediate Resistance Zone: 25,083 – 25,255 (Clustered zone) 📍 Strong Resistance Zones: • 25,638 – 25,669 • 26,216 – 26,277 (All-Time High vicinity) 📈 Breakout Alerts: ✅ W-Pattern Breakout above 25,154 (Daily Candle Basis) 🎯 Target: 26,000 ✅ Ascending Triangle Breakout above 24,972.50 ( Confirmed on Closing Basis today ) 🎯 Target: 26,304 – aligning closely with the ATH of 26,277.35 Conclusion: With two bullish patterns triggering nearly simultaneously, momentum is building. A sustained move above the immediate resistance cluster could fuel a rally towards uncharted territory. Watch 25,154 and 25,255 – a clean move above could be the gateway to new all-time highs. #BreakoutAlert | #TechnicalAnalysis | #ChartPatterns | #PriceAction
NSE:NIFTYLong
by Stocks_Mario
Bank Nifty spot 54114.55 by the Daily Chart view - Weekly updateBank Nifty spot 54114.55 by the Daily Chart view - Weekly update - Support Zone 53150 to 53650 for Bank Nifty Index - Rising Support Channel Breakdown would act as a Resistance - Resistance Zone earlier Support Zone at 54160 to 54660 for Bank Nifty Index - Bank Nifty Index trending within the Support and Resistance Zone since last week - Bearish Rounding Top acting as a resistance and again index closed below Resistance Zone - Minor Gap Down Opening of Thursday last week closed, now Friday gap down needs a closure
NSE:BANKNIFTY
by PIYUSHCHAVDA
Long Term View on Bank NiftyRising Wedge Pattern (Bearish Setup) The red trendlines form a rising wedge, which is typically a bearish pattern. After years of an uptrend, the index has near its support from the wedge. Current Position (53,655) Bank Nifty has corrected sharply in the last few days/weeks and is now trading around 53,600 levels. The immediate support marked on the chart is around 53000. If this breaks, further downside could open. Key Support Levels 50,600 – first crucial support. 48,000–47,500 zone – next major support if selling extends. 32,448 – long-term support marked, aligns with pre-COVID breakout levels. Possible Scenarios (Green & Red Arrows on Chart) Bullish case (green path): If Bank Nifty stabilizes near 53,000-52,500 and reclaims 55,000+, it can attempt a bounce. Bearish case (red path): Sustained breakdown below 53,000-52,500 could accelerate fall towards 48,000 -47,500, and in extreme bearishness, even 32,500 over the medium term. ⚖️ Interpretation The structure suggests weakness after a long rally; if the wedge breakdown happens, then a trend reversal could happen. The next 1–2 weeks will be crucial: holding 53,000-52,500 may trigger a bounce, but a breakdown could confirm a deeper correction.
NSE:BANKNIFTY
by ChartsBySachin
Bank Nifty spot 55,149.40 by Daily Chart view - Weekly updateBank Nifty spot 55,149.40 by the Daily Chart view - Weekly update - Rising Support Channel broken down from supportive role - Next fairly decent Support Zone 54160 to 54660 for Bank Nifty Index - Upwards going Resistance Zone 59550 to 56385 for Bank Nifty Index - Next Strong Resistance Zone 56850 to 57250 and then ATH Level 57628.40 - Acting Support Zone 55050 to 55450 for Bank Nifty Index, will it be a Resistance Zone again - Bank Nifty Index formed Bearish Rounding Top, somehow seen sustaining closure above the Support Zone for past 3 weeks, indicates consolidation, hope for an upward trajectory
NSE:BANKNIFTY
by PIYUSHCHAVDA
Nifty 50 spot 24631.30 by Daily Chart view - Weekly updateNifty 50 spot 24631.30 by Daily Chart view - Weekly update - Support Zone 23930 to 24200 for Nifty Index - Resistance Zone 24450 to 24700 for Nifty Index - Breakout from above one of the Tiny Falling Resistance Trendline seems well sustained - Rising Support Channel seems back in supportive role and maintained by current status of Nifty Chart setup - Nifty Index thou formed a Bearish Rounding Top, seems attempting to cross above Resistance Zone over past week, indicates hope for upside reversal
NSE:NIFTY
by PIYUSHCHAVDA
Rising Wedge Breakdown — 54,252 in Sight?#BankNifty View: CMP: 56,528 BankNifty has broken down from a Rising Wedge pattern — a bearish signal. After a brief retest of the breakdown level, price has resumed its downward move. Daily close below 56,205 will gather fresh momentum. 🔑 A daily close below 56,205 could trigger fresh downside momentum. 🔻 Support Zones: • 56,283 – 56,080 • 55,580 – 55,530 • 🔑 Key Supports: 54,470 – 54,375 & 53,600 – 53,580 🔺 Resistance Zone: • 57,312 – 57,365 🎯 Pattern Target: 54,252 This aligns with the key support zone at 54,470 – 54,375 , strengthening its significance. 📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions. #TechnicalAnalysis | #PriceAction | #RisingWedge | #ChartPatterns
NSE:BANKNIFTYShort
by Stocks_Mario
1
Nifty Starts July Quietly; Sideways Action May ContinueNifty began the month on a subdued note, registering a net weekly loss of 176.80 points (-0.69%). Market volatility also eased, with the India VIX declining by 0.59% to 12.31, indicating reduced trader anxiety. From a technical standpoint, an immediate resistance zone has developed between 25,500 and 25,650, while a key support range lies between 25,200 and 25,300. Open Interest (OI) data adds weight to these levels, with a significant build-up of call writing at 25,500 suggesting strong resistance, and put writing at 25,200 indicating solid support. Looking ahead, Nifty is expected to remain range-bound between these two zones unless a decisive breakout or breakdown occurs.
NSE:NIFTYLong
by GoodluckCapital
Nifty Continued to Rise, Bank Nifty Stands Tall at New Highs◉ Nifty Analysis NSE:NIFTY Indian equity markets broke out of a five-week consolidation last week, powered by easing geopolitical tensions, which helped boost investor sentiment. A Pole & Flag breakout on the charts signals a continuation of the uptrend, with strong bullish momentum building up. Open Interest (OI) Snapshot ● 25,000 – Strong Base: Heavy put writing indicates strong support; bulls defending this level aggressively. ● 25,500 – Immediate Support: A secondary cushion with notable put buildup—short-term buyers watching this zone. ● 26,000 – Immediate Resistance Zone: Call writers active here; a breakout above this level could trigger a fresh leg up. Outlook: The index looks set to maintain a bullish tone, with a possible move toward 26,000 in the coming sessions. ◉ Bank Nifty Analysis NSE:BANKNIFTY The banking sector continues to lead the market’s strength, acting as a major driver behind the recent rally. Fundamentally, optimism is being driven by lower funding costs, supported by banks cutting fixed deposit rates and the RBI’s recent cut in the Cash Reserve Ratio (CRR)—both of which have boosted liquidity and improved the outlook for lenders. The index has confirmed a breakout from a Pole & Flag formation, aligning with Nifty’s bullish setup and further validating strength in the banking space. Open Interest (OI) Snapshot ● 56,000 – Strong Support Zone: Significant put writing shows strong bullish conviction around this level. ● 57,000 – Immediate Support: Fresh positions being built; dip-buyers may step in here. ● 58,000 – Key Resistance Ahead: Call writers are holding the line—watch for breakout signals. Outlook: As long as Bank Nifty holds above 57,000, the bullish momentum is expected to continue, with possible testing of 58,000 in the near term.
NSE:NIFTYLong
by GoodluckCapital
Nifty Eyes Upside as Bulls Take Charge Ahead of Expiry WeekThe Nifty closed around 25,112 on Friday, marking a 1.29% gain for the week and signalling strong bullish momentum. The rally was driven by broad-based buying, particularly in financial heavyweights like HDFC Bank, ICICI Bank, and Reliance Industries. Despite lingering global uncertainties, market sentiment remained stable, with the India VIX closing at 13.67—reflecting subdued volatility and cautious optimism among participants. In the derivatives space, the highest concentration of put writing at the 25,000 strike highlights strong immediate support, while the 25,500 level is emerging as a key resistance zone due to significant call writing activity. Heading into the upcoming expiry week, the bullish trend is likely to continue, provided no major geopolitical shocks disrupt market sentiment.
NSE:NIFTYLong
by GoodluckCapital
Nifty Weekly Outlook: Volatility Ahead Amid Global Tensions● Despite briefly breaking above the 25,100 resistance last week, Nifty failed to sustain the momentum and witnessed a corrective pullback towards the 24,500 level. ● Market volatility ticked up, with India VIX rising by 3.08% to 15.08 on a weekly basis, reflecting growing investor nervousness. ● Geopolitical tensions—particularly the escalating conflict between Israel and Iran—are weighing on global sentiment, and Indian equities are not immune to this uncertainty. However, relative strength in the Indian markets suggests that they may continue to outperform global peers in the near term. ● For the upcoming week, Nifty is expected to remain highly volatile, with wide-range oscillations likely. A directional trend may only emerge if Nifty decisively breaches 25,100 on the upside or breaks below the key support at 24,500. ● Options data indicates that the 25,000 level will act as a strong resistance, while 24,500 remains a crucial support zone. ● Importantly, if the index opens below 24,400 at the start of the week, it could invite further selling pressure, tipping the balance in favor of the bears. ● Given the global headwinds and sensitive technical setup, traders are advised to stay cautious as heightened volatility could dominate the week ahead.
NSE:NIFTY
by GoodluckCapital
1
Nifty Outlook: Sideways Action Likely as June OpensAs anticipated last week, Nifty traded sideways, showing limited movement. The current technical setup indicates the index may continue to remain range-bound in the upcoming week. On the 30-minute chart, a symmetrical triangle pattern has formed, suggesting that a breakout in either direction could lead to a swift, short-term move. Key Levels to Watch Support: 24,500 Resistance: 25,100 – 25,150 A decisive breakout above 25,100, confirmed by two consecutive closes, could pave the way for a rally toward the 25,500 mark. Meanwhile, Foreign Institutional Investors (FIIs) have cut their long positions to nearly half of April–May levels, reflecting a more cautious stance. Still, their net buying in the previous months, along with upcoming catalysts like the RBI policy announcement on June 6 and the progress of the monsoon, could potentially reignite market momentum.
NSE:NIFTY
by GoodluckCapital
2
Nifty to Stay in Pause Mode Ahead of Expiry WeekAfter a strong run, the Nifty rally seems to be losing steam and has now slipped into consolidation mode. With the monthly derivatives expiry coming up next week, the market is likely to remain range-bound. Options data suggests that Nifty has carved out a trading range between 24,500 and 25,100. Until we see a decisive move beyond either end of this 600-point band, don’t expect a strong directional trend. A clear breakout above 25,100 could reignite bullish momentum, while a breach below 24,500 might invite fresh selling pressure. Until then, it’s all about sideways action and expiry-driven volatility.
NSE:NIFTY
by GoodluckCapital
1
Nifty Breaks Past 25,000: Is a New High on the Horizon?Last week, Nifty broke above the psychological milestone of 25,000, shaking off market doubts and sparking fresh bullish momentum. ◉ Key levels to watch: The zone between 24,750–24,850 now acts as immediate support, while 23,750–23,850 remains a major support. This rally wasn't just a technical bounce — it was fuelled by meaningful tailwinds: ● India-Pakistan Ceasefire helped ease geopolitical concerns, calming the nerves of investors. ● Cooling inflation in both India and the U.S. sparked hopes of rate cuts, improving market liquidity. ● Strong corporate earnings from majors like Hero MotoCorp , HCL Tech , and Tata Motors lifted sentiment. With continued FII inflows , the bullish momentum is expected to persist — potentially pushing Nifty toward its all-time high in the near term.
NSE:NIFTYLong
by GoodluckCapital
Nifty Holds 24k: FII Confidence Hints at Bullish Trend Ahead● Despite rising war tensions, Nifty held firm above the 24,000 mark last week, showing the strength and resilience of Indian market—bolstered further by strong Q4 earnings. ● While many are expecting a sharp fall, foreign investors (FIIs) have mostly continued buying, except for last session, which suggests confidence is still intact and a major crash seems unlikely. ● Meanwhile, India VIX spiked above 21, signalling that volatility is heating up. ● Option data shows heavy put writing at the 24,000 level, marking it as a strong immediate support zone. ● On the charts, 23,800 stands out as solid technical support, and as long as Nifty stays above it, the overall mood is likely to stay bullish. ● Given this setup, the market is likely to trade in a sideways to bullish range in the coming week, unless major negative news breaks.
NSE:NIFTYLong
by GoodluckCapital
Nifty Outlook: Range-Bound Week Ahead?📈 Nifty wrapped up the week on a positive note, climbing about 1% and keeping the bullish sentiment alive. 🔍 However, the daily chart reveals some hesitation, as the index struggles to stay above the 24,400 mark. 📊 Looking ahead, Nifty is likely to move sideways between 24,500 and 24,000, with heavy call writing at the top and put writing at the bottom, creating a tight trading range. ⚠️ Adding to the caution, the India VIX closed above 18, hinting at increased market Volatility. 💡 Bottom line: Traders should gear up for a volatile and range-bound week ahead. Stay sharp, stay strategic!
NSE:NIFTY
by GoodluckCapital
Nifty’s Rally Faces a Hurdle at 24,400 — Volatility on the Rise● After successfully breaking out from the Double Bottom pattern, Nifty faced rejection near the 24,400 level, establishing it as the immediate resistance. ● While the index managed to close above 24,000, this level appears fragile and may not offer strong support. As long as Nifty holds above 23,800, the broader market sentiment is expected to remain positive. ● For the next bullish move to materialize, the index must decisively surpass and sustain above 24,400. ● It is also notable that India VIX rose sharply this week, climbing over 10%, indicating heightened anxiety among market participants. ● With ongoing geopolitical tensions, market volatility could remain elevated in the near term. ● Investors and traders are advised to exercise proper risk management when taking new positions to protect against potential large losses.
NSE:NIFTY
by GoodluckCapital