NIFTY 1D TIMEFRAME🟢 Market Overview
Current Status: Nifty 50 opened with strength today, showing positive momentum.
Previous Close: Around 25,123
Today’s Opening: Roughly +60 to +90 points higher, showing bullish intent
Intraday Range: Between 25,100 (Low) and 25,290 (High)
Current Price (as of late afternoon): Trading around 25,270 to 25,285, indicating a +0.6% to +0.7% gain
🔍 Technical Structure
📈 Trend:
Nifty remains in a bullish trend on the daily chart. Price is holding above 21-EMA and 50-EMA, a sign of strength. The recent breakout above 25,100 confirms bullish continuation.
💹 Candlestick Pattern:
The current candle is forming a strong green bar with minor upper wick – indicating buyers are in control.
Past few candles show a rising channel or ascending triangle, suggesting higher highs and higher lows.
📊 Key Technical Levels
Level Type Price Zone Description
🔼 Resistance 25,300 – 25,350 Immediate resistance zone
🔽 Support 25,050 – 25,100 Strong support (breakout retest area)
📉 Deeper Support 24,800 – 24,900 Demand zone if correction happens
🔁 Indicators Summary
RSI (Relative Strength Index): Around 65–68, in bullish territory but not overbought
MACD: Positive crossover still active, supporting bullish momentum
Volume: Healthy volume on green days, slightly higher than red days — bullish sign
🧠 Price Action Summary
Nifty broke out from a consolidation range between 24,800–25,100
The breakout is holding above the resistance now turned into support, showing market strength
No major reversal patterns spotted yet – trend is intact unless we see heavy selling with volume
🔮 Possible Scenarios
✅ Bullish Case
If Nifty breaks above 25,300, expect move toward 25,450 – 25,500 in coming days
Strength in banking, IT, and auto sectors support this view
⚠️ Bearish Case (Short-Term Only)
If it closes below 25,100, could test 24,800 in short term
Watch for sudden global triggers or heavy profit booking
📦 Sector Performance Overview
🔋 Strong: Banking, Auto, FMCG
🛑 Weak/Flat: Realty, Pharma, Metal
📝 Expert Notes
Institutional buying seen in index-heavyweights like HDFC Bank, Reliance, and TCS
FIIs (Foreign Institutional Investors) have shown net buying in the last two sessions
Market breadth is positive – more stocks advancing than declining
📌 Conclusion
Nifty 50 is showing strong bullish momentum on the 1D chart. Unless we see a sudden breakdown below 25,100, the trend remains positive. A breakout above 25,300 will add more fuel to the rally, possibly pushing the index toward 25,500+ in the coming sessions.
Ideal strategy: Buy on dips near 25,100–25,150 with a stop loss below 25,000 and upside targets of 25,300–25,500.
