Nifty

Technical Insights- Moving Averages: Price is currently below the 50 EMA (25,474.85) and hovering just under the 100 EMA (25,379.24). 200 EMA at 25,218.85 and 500 EMA at 24,873.69 are still well below, indicating broader trend is intact, but short-term momentum is weakening. RSI (14): Current RSI 42.84 with signal line at 41.85 RSI dropped from overbought zones and now hovers in bearish-neutral territory, showing momentum fatigue and potential lack of immediate buying interest. Support Zone 25,350–25,300 (watch for RSI reversal here). Resistance Near 25,475 (50 EMA) – bulls need a strong close above this to regain strength. If price holds above25,300–25,350, we could see a bounce intraday. A break below 25,300 may lead to a dip toward 25,200 (200 EMA) or even 24,900 (500 EMA) on increased selling pressure. Cautious Buy-on-Dip near 25,300–25,350, only if RSI and price confirm bounce. Avoid fresh longs if price remains below 25,475, as short-term trend has weakened. Disclaimer- This is educational content by Mayank Gupta (SEBI Reg. Research Analyst INH000015978). Please consult your advisor before trading.