- Nifty 50 Technical Analysis for May 26–30, 2025 -
# Current Market Context
Recent Performance: As of May 23, 2025, the Nifty 50 closed at 24,853.15, up 243.45 points (0.99%), snapping a three-day losing streak. The index has shown resilience, supported by broad-based buying in financials, Pharma, and IT sectors.
- Market Sentiment: indicate a cautiously bullish outlook for the week targeting 25,300–25,700, driven by a positive weekly close and potential short covering. However, resistance near 25,000
# Key Technical Levels
- Support Levels:
Immediate support is at 24,400–24,000, aligning with the 20-day EMA and recent lows. A break and close below 24,000 could lead to further selling toward 24,099 or 23,500, a strong support level backed by put option open interest.
Weekly pivot support is at 23,559, with deeper support at 23,000.
- Resistance Levels:
Immediate resistance is at 25,000, with a confluence of weekly and monthly resistance at 25,297–25,575, reinforced by Fibonacci Retracement levels.
A sustained break above 25,100 could target 25,500–25,700, with potential for 26,161 by expiry if momentum persists.
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
E&OE
# Current Market Context
Recent Performance: As of May 23, 2025, the Nifty 50 closed at 24,853.15, up 243.45 points (0.99%), snapping a three-day losing streak. The index has shown resilience, supported by broad-based buying in financials, Pharma, and IT sectors.
- Market Sentiment: indicate a cautiously bullish outlook for the week targeting 25,300–25,700, driven by a positive weekly close and potential short covering. However, resistance near 25,000
# Key Technical Levels
- Support Levels:
Immediate support is at 24,400–24,000, aligning with the 20-day EMA and recent lows. A break and close below 24,000 could lead to further selling toward 24,099 or 23,500, a strong support level backed by put option open interest.
Weekly pivot support is at 23,559, with deeper support at 23,000.
- Resistance Levels:
Immediate resistance is at 25,000, with a confluence of weekly and monthly resistance at 25,297–25,575, reinforced by Fibonacci Retracement levels.
A sustained break above 25,100 could target 25,500–25,700, with potential for 26,161 by expiry if momentum persists.
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
E&OE
renderwithme
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
renderwithme
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.