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Nifty Technical View by Chanakya

Nifty Technical View for Wednesday, 24 December

by Paresh Gordhandas, CA & Research Analyst

🕗 Last Update: 25 December 2025, 8.00 PM

Nifty Technical Analysis – Outlook for 26 December 2025

Last Close: 26,142.10
52-Week Range: 21,743.65 – 26,325.80
Volume: 86,241 (moderate; no distribution signal)

Trend Assessment

  • Short Term (5-day): Bearish

  • Medium Term (21-day): Bullish

  • Long Term (63-day): Bullish

👉 This indicates short-term consolidation / pause within a broader bullish trend, not a trend reversal.

Moving Average Structure (Trend Strength)

  • Nifty is trading comfortably above all key SMAs & EMAs

  • 20-DMA (26015) and 34-DMA (25971) are acting as immediate support zones

  • 200-DMA placed near 24860, confirming long-term bullish structure

Inference: Trend remains positive; dips are being bought.

Momentum & Oscillators

  • RSI: 57.18 → Healthy bullish zone, no divergence

  • MACD: Positive (54.48 > 45.69), histogram expanding

  • ADX: 12.29 → Weak trend strength, indicates consolidation

  • Stochastics & StochRSI: Overbought zone (cool-off expected)

  • CCI: 111 → Strong momentum, but near short-term exhaustion

  • Williams %R: −17 → Overbought

Inference: Momentum is bullish, but near-term consolidation or minor pullback is likely.

Volatility & Bands

  • Bollinger Bands:

    • Upper: 26,305

    • Mid: 26,016

    • Lower: 25,726

Nifty is hovering near the upper half of the band, suggesting range-bound to mildly positive bias.

  • ATR: 183 points → Expect intraday swings of 180–200 points

Support & Resistance Levels

Immediate Resistance Zone

  • 26,210 – 26,280 (R1 / Fibonacci / Camarilla cluster)

  • 26,395 – 26,510 (R3–R4 zone)

  • Major breakout only above 26,325–26,400

Immediate Support Zone

  • 26,100 – 26,050 (S1 cluster)

  • Strong support at 26,000 – 25,940

  • Below this, next support at 25,725

Pivot-Based View (Next Session)

  • Pivot Point: 26,167

  • Above Pivot: Bias remains positive, retest of 26,280–26,350 possible

  • Below Pivot: Mild correction toward 26,050 / 26,000 likely

Derivative-Friendly Market View

  • Short-term traders should expect time correction rather than price correction

  • Writing strategies (Call spreads / Iron Condors) may outperform directional trades

  • Trend followers should use dips near 26,000 as buying opportunity

Chanakya Market View (Decisive Line)

Nifty remains structurally bullish, but short-term indicators signal consolidation after recent up-move. As long as 26,000 holds, the index is likely to resume upward journey toward 26,300–26,500 in the coming sessions.

 

Nifty 50 technical analysis

 

Quicklinks

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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