Nifty 50 Analysis by Chanakya

Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy
for August 13, 2025, by Paresh Gordhandas, CA & Research Analyst

Technical Analysis – Nifty (13 Aug 2025)

Nifty closed at 24,487, holding just above immediate support. The first resistance is seen at 24,638, followed by 25,788 and 25,026, while supports lie at 24,401, 24,314, and 24,077.

The RSI at 39.56 indicates the index is in the lower neutral zone, suggesting a mildly oversold setup that could trigger short-term recovery. Both Stochastic RSI and Stochastics being positive point to an improving short-term momentum and a potential rebound attempt.

However, MACD line (-164) and Signal line (-128) remain negative, reflecting that medium-term trend pressure persists. A clear close above 24,638 will be the first sign of bullish continuation, while a break below 24,401 could invite further selling.

Trading View:

  • Bullish case: Sustained move above 24,638 can open the way towards 25,026–25,788.

  • Bearish case: Slip below 24,401 may drag the index to 24,314 and 24,077.

  • Short-term traders can look for intraday bounces, but positional traders should wait for MACD crossover confirmation before committing to longs.

Nifty 50 technical analysis

 

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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.