Nifty 50 Stages Bullish Reversal After Prolonged Decline: Key Levels and Technical Signals for August 12, 2025

The Nifty 50 index showed a robust recovery on Monday, closing at 24,585.05—a gain of 221.75 points (0.91%)—signaling a possible shift in market sentiment after six consecutive weeks of losses. Technical analysis points to a bullish engulfing candlestick pattern, which traditionally indicates a reversal and renewed buying momentum. Monday’s price action was concentrated near the day’s high of 24,600.85, reinforcing the view of increased optimism. Key support levels for the index are at 24,371, 24,349, and 24,300, where buyers have previously stepped in. Resistance lies at 24,600.85, 24,631, and 24,735, marking critical zones traders are closely watching. The consolidation band between 24,545 and 24,631 remains pivotal—strong closes above or below this range could determine the next major move. Momentum indicators such as the RSI, now near 55, suggest a mildly bullish outlook, and the Put-Call Ratio (PCR) has risen to 1.03, further reflecting positive sentiment among derivatives traders. With volumes moderate and volatility expected, analysts advise monitoring intraday signals for breakout trades while avoiding the “no trading zone” for greater clarity. This commentary is for informational purposes only and not investment advice.