NIFTY 50 VIEW AND IMPORTANT LEVELS

VIEW ON NIFTY 50

On the technical front, Nifty continues to show strength in its short-term trend. The index is currently trading above both its 20-day and 50-day moving averages, indicating that market sentiment remains positive. Additionally, Nifty is forming a bullish chart structure of higher highs and higher lows, indicating sustained buying interest and a healthy uptrend. Key Technical Indicators: Support Level: 25,320 Resistance Level: 25,680 If Nifty holds above 25,320, it is likely to maintain upward momentum. A breakout above 25,680 will act as a strong bullish confirmation and can open the path toward 25,750 or higher in the short term. RSI (Relative Strength Index): The RSI is currently in the 66–68 range, showing that the market is enjoying strong momentum. However, it is also approaching the overbought zone, suggesting that while the trend is strong, traders should stay alert for any short-term pullbacks or sideways moves before the next leg up.