Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy
by Paresh Gordhandas, CA & Research Analyst
🕗 Last Update: 16 October 2025, 8.00 PM
Technical Analysis – Nifty (17 October 2025)
After Wednesday’s steady gains, the Nifty delivered a powerful breakout on Thursday, surging 261 points and closing near the day’s high. The session began with an upside gap of 71 points, followed by a sharp rally through the morning and mid-session, with only mild consolidation seen near 25,600 levels towards the end.
Technically, a long bull candle has appeared on the daily chart, signaling renewed strength. Importantly, the Nifty has decisively broken above the key resistance zone of 25,400–25,500, which aligns with the downward sloping trendline on daily and weekly charts. The previous swing high of 25,669 (July) is on the verge of a breakout, and the higher-top, higher-bottom structure remains firmly intact on the weekly timeframe — a hallmark of sustained bullish momentum.
The underlying trend remains positive, and a sustained move above 25,600–25,700 could open the way for the next upside targets around 26,000–26,200 in the near term.
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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.
