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Rakesh Madhav CFA

4th Aug 2025 Β· SEBI-Registered Analyst

πŸ“ˆ Nifty 50 Technical View – Short-Term Outlook βœ… Backed by 82%+ signal accuracy over the last 30 days

After holding key support levels near 24,527, Nifty has shown signs of strength, reclaiming ground above 24,700. Our technical model, which has consistently delivered high-accuracy signals, indicates a potential bounce toward the next resistance zone After holding key support levels near 24,527, Nifty has shown signs of strength, reclaiming ground above 24,700. Our technical model, which has consistently delivered high-accuracy signals, indicates a potential bounce toward the next resistance zone. πŸ” Key Technical Highlights: βœ… Strong Support: Bounce seen from the lower channel support at 24,527–24,600 πŸ“Š Bullish Divergence: RSI rising with price, currently at ~50, indicates positive momentum πŸ“‰ Call OI Unwinding: Significant unwinding below 24,800, showing reduced bearish pressure πŸ”Ό Put Writing Seen: Aggressive put writing at 24,600 & 24,700, turning them into solid support zones πŸ”΄ Resistance Ahead: Eyeing 24,850–24,900 zone, where EMA cluster and previous breakdown meet πŸ” What to Watch: πŸ“Œ Sustained trade above 24,700 = bullish bias intact ❌ Breakdown below 24,500 may invalidate short-term upside πŸ’‘ Our models suggest a cautious yet optimistic tone as Nifty attempts to reclaim higher levels with improved structure. πŸ“£ Stay tuned for live updates and expiry day strategy Bullish stocks to focus for short term:

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