On 17th April 2025, Nifty 50 rose 414.45 points or 1.77 5 and faced resistance from an important resistance level of 23870 Now, if the Nifty 50 crosses the important resistance level of 23870, it may move towards the 200 moving average, which is currently at 24050.73 It should be noted that a 200 moving average may act as an important resistance level for the price of the Nifty 50 If it closes above the 200 moving average further rise may be seen on daily chart A crossover between 5 and 20 moving averages in the upward direction was seen, which indicated a rise in price