Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy
for July 30, 2025, by Paresh Gordhandas, CA & Research Analyst
Nifty – Technical View (30 July 2025)
The Nifty is trading at 24,821, showing weakness but with signs of possible reversal.
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Resistance Levels: The index faces immediate resistance at 24,913. A decisive breakout here could push it towards 25,004, with further upside potential up to 25,253.
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Support Levels: On the downside, immediate support lies at 24,664. If breached, the next critical levels are 24,507 and 24,258, which will be crucial for sustaining broader market sentiment.
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Indicators:
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RSI at 42 signals the index is hovering near the lower band, hinting at potential rebound scope.
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Stochastic RSI and Stochastics both positive, suggesting short-term buying momentum.
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MACD at -66 vs. Signal line at 3.43 continues to reflect a cautious undertone, with momentum yet to confirm strength.
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Conclusion: Nifty remains in a cautious zone. Sustaining above 24,913 could revive upward momentum, while a fall below 24,664 may accelerate weakness. Traders should stay alert around these key levels.
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Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy
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A combination of RSI, MACD, and support-resistance levels work best for Nifty. RSI shows momentum, while MACD helps confirm trend reversals or continuation.
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.
During high volatility, Nifty can offer strong intraday moves but carries higher risk. Use tighter stop-losses and smaller positions to manage risk effectively.
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
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.
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.
