Nifty Technical Analysis: Latest Support, Resistance & Trading Strategy
for August 1, 2025, by Paresh Gordhandas, CA & Research Analyst
Nifty Technical Analysis
Nifty is currently placed at 24768, showing consolidation after recent volatility.
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Resistance Levels: The index faces immediate resistance at 24938, followed by 25108. A decisive move above 25108 could open the path towards the next hurdle at 25430.
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Support Levels: On the downside, immediate support lies at 24617, with further cushions at 24465 and a major support at 24144. Sustaining above 24617 is crucial to avoid further weakness.
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Momentum Indicators:
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RSI at 40.91 indicates that Nifty is hovering near the lower neutral zone, showing cautious sentiment but not yet oversold.
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Stochastic RSI and Stochastics both positive, suggesting the possibility of a short-term recovery if resistance levels are breached.
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MACD line at -86 vs Signal line -26 shows bearish momentum is still dominating, but any positive crossover could strengthen upward momentum.
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Chanakya View: Nifty is at a critical juncture. While momentum indicators hint at a possible short-term rebound, the broader trend remains under pressure. Traders should watch 24938–25108 as a breakout zone. Failure to hold 24617 may trigger deeper correction.
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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.
