NIFTY 50 PRICE ANALYSIS AND EXPECTED MARKET MOVEMENTS

After a rapid increase in stock price and a sharp uptrend on the chart of Nifty 50 from 7th April to 21st April 2025 From 22nd April, the stock price of Nifty 50 started consolidating between the range of 23870 and 24525 On 12th May 2025, it broke the resistance level of 24525 Then again, it started consolidating and received support multiple times from the level 24525 As of now, the level 24525 is acting as an important support As support and resistance are interchangeable once broken Now, the further rise in price may be seen, and Nifty 50 may move towards 25600 RSI 65.29