Nifty 50 - 1D Timeframe📊 Nifty 50 – Daily Chart Overview (1D Timeframe)
Current Close (July 18): Around 24,968
Change: Down ~143 points (–0.57%)
Intraday Range: High ~25,145 | Low ~24,918
52‑Week Range: 21,744 to 26,277
YTD Performance: Approximately +5.6%
📈 Technical Indicators
RSI (14-day): ~32.5
This shows that the market is entering bearish territory, but not yet oversold.
MACD: Below signal line, value ~–67
A clear sell signal, confirming negative momentum.
Stochastic Oscillator: Above 98
Indicates that the index is overbought, and a correction may be due.
ADX (Average Directional Index): ~48
Signifies a strong trend—right now, it’s favoring bearish movement.
Other Oscillators (CCI, ROC, Ultimate): Mostly giving sell signals
🧠 Market Sentiment & Context
Nifty has been bearish for the third straight week
Trading is happening below the 20-day EMA, suggesting downward pressure
Overall tone is range-bound and lacking momentum due to:
Weak quarterly earnings
Foreign investor selling
Global market uncertainty
📉 Volatility & Risk Gauge
India VIX: ~11.2 to 11.4
This is the lowest in 15 months, signaling low market fear
Low VIX often means sideways consolidation and narrow movement
📊 Put-Call Ratio (PCR) & Options View
PCR (based on open interest): ~0.80
Indicates a bearish bias
More calls being written compared to puts
🏦 Bank Nifty Overview (for Comparison)
Close: ~56,283
Drop: ~1%
RSI: ~28 (Bearish)
MACD: Sell signal
Resistance: 57,200 – 57,600
Support: 56,300 – 55,800
Bank Nifty is also showing bearish momentum and mirrors Nifty’s structure.
📅 What to Watch Next
Corporate Q1 results – especially from large caps like Reliance, HDFC, ICICI
Global cues – US inflation, interest rate decisions, global markets
India VIX – If it spikes above 14–15, market fear might return
FIIs activity – Any strong buying/selling can swing the market
✅ Summary (Daily Timeframe)
Nifty is currently weak and range-bound
Key level to hold: 24,900
Key level to break: 25,250
Momentum is with sellers; cautious approach recommended
If no trigger appears, expect sideways movement or slow decline
