NIFTY 50 Technical Outlook | Short-Term Market View

NIFTY 50 continues to trade under pressure, reflecting a weak short-term technical structure. On the intraday charts, the index is forming lower highs and lower lows, indicating that bears are still in control. Price action remains below key short-term moving averages and VWAP, highlighting the absence of sustained buying interest. The index has slipped below its Opening Range Low (ORL), which keeps the intraday bias tilted to the downside. Attempts at recovery have been met with selling, suggesting that traders are using pullbacks as an opportunity to exit or initiate short positions rather than build fresh longs. Volume patterns during down moves further support the view of active distribution, not just random volatility. On the downside, the 25,520–25,500 zone is acting as an immediate support area. A decisive break below this range could open the door for further weakness towards 25,450 and 25,380 in the near term. On the upside, 25,620–25,650 remains a key resistance zone. Only a sustained move above 25,700, backed by strong volumes, would signal a shift in momentum and possible short covering. Market View: 🔴 Intraday bias remains bearish 🟠 Volatility is elevated; risk management is crucial Traders should prefer a sell-on-rise approach until the index reclaims key resistance levels. Disclaimer: This post is for educational purposes only and not investment advice.