Nifty Technical Analysis Note for June 30, 2025
Technical Analysis Note – Nifty Index
Current Market Price (CMP): 25,638
Nifty is currently trading at 25,638, which is positioned between immediate support and resistance levels, indicating a balanced market sentiment with a slight bullish bias.
Support and Resistance Levels:
-
Immediate Resistance (R1): 25,686
A break above this level may trigger momentum towards the next resistance at 25,736 (R2). -
R2: 25,736 | R3: 25,866
Sustained move beyond R2 could open up a test of R3, indicating further bullish strength. -
Immediate Support (S1): 25,556
On the downside, this level may act as the first cushion. -
S2: 25,474 | S3: 25,344
A fall below S1 could lead to deeper correction toward S3, which would signal weakening momentum.
Momentum Indicators:
-
Relative Strength Index (RSI): 67.72
RSI is approaching overbought territory but still within acceptable range, suggesting room for continued upside before a potential reversal. -
Stochastic RSI: Positive
The stochastic RSI confirms bullish momentum and supports further upward movement. -
Stochastics: Positive
This further reinforces short-term bullish sentiment and buyer interest at current levels.
MACD Analysis:
-
MACD Line: 205 | Signal Line: 156
A bullish crossover is evident with the MACD line well above the signal line, indicating strong upward momentum and trend continuation.
Conclusion:
Nifty is displaying bullish momentum supported by technical indicators. A sustained move above 25,686 may lead to further upside toward 25,736 and 25,866. On the downside, 25,556 acts as immediate support, and a breach below could invite minor correction towards 25,344. With RSI nearing overbought levels and MACD showing strength, short-term outlook remains positive, though traders should watch for profit booking near upper resistance levels.
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