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Nifty 50 Analysis by Chanakya

Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy
for July 09, 2025,
by Paresh Gordhandas, CA & Research AnalystNifty 50 technical analysis

📊 Technical Analysis: Nifty Index

Current Market Price (CMP): 25,522

  • Resistance Levels:

    • R1: 25,572

    • R2: 25,622

    • R3: 25,746

  • Support Levels:

    • S1: 25,448

    • S2: 25,374

    • S3: 25,250

Momentum Indicators:

  • RSI at 62.53 indicates moderately strong bullish momentum without being overbought.

  • Stochastic RSI and Stochastics both positive, suggesting buying strength continues.

  • MACD line (209) above Signal line (203) further confirms bullish sentiment.

📌 Conclusion:

Nifty is displaying a strong underlying trend, supported by bullish momentum indicators. A breakout above 25,572 can push the index toward 25,622 and 25,746. On the downside, support lies at 25,448 and deeper at 25,250. The bias remains positive unless key support levels are broken.

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Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy

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What is the best indicator to trade Nifty?

A combination of RSI, MACD, and support-resistance levels work best for Nifty. RSI shows momentum, while MACD helps confirm trend reversals or continuation.

How do I identify support and resistance for Nifty?

Support and resistance levels are derived from previous highs and lows, Fibonacci levels, and price-action zones. These help in setting entry and exit points.

Is it safe to trade Nifty during high volatility?

During high volatility, Nifty can offer strong intraday moves but carries higher risk. Use tighter stop-losses and smaller positions to manage risk effectively.

What is a good RSI level to buy Nifty?

An RSI between 40 and 60 often indicates a good zone to accumulate if other indicators support the trend. RSI above 70 could mean overbought, while below 30 is oversold

How do I use MACD in Nifty trading?

MACD helps identify trend strength. A bullish crossover (MACD line above signal line) suggests upward momentum, while a bearish crossover may indicate a possible decline.

Can I trade Nifty only based on technical analysis?

Yes, many traders use pure technical analysis for Nifty. However, combining it with macroeconomic news, global market trends, and FII/DII activity gives better accuracy.

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