π Nifty 50 Technical View β Short-Term Outlook β 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.
π Key Technical Highlights:
β
Strong Support: Bounce seen from the lower channel support at 24,527β24,600
π Bullish Divergence: RSI rising with price, currently at ~50, indicates positive momentum
π Call OI Unwinding: Significant unwinding below 24,800, showing reduced bearish pressure
πΌ Put Writing Seen: Aggressive put writing at 24,600 & 24,700, turning them into solid support zones
π΄ Resistance Ahead: Eyeing 24,850β24,900 zone, where EMA cluster and previous breakdown meet
π What to Watch:
π Sustained trade above 24,700 = bullish bias intact
β Breakdown below 24,500 may invalidate short-term upside
π‘ Our models suggest a cautious yet optimistic tone as Nifty attempts to reclaim higher levels with improved structure.
π£ Stay tuned for live updates and expiry day strategy
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