As I write this blog on 29 July for the August Expiry, my focus remains on three crucial NIFTY levels—24,000, 24,200, and 24,450. These levels are likely to dictate the market’s direction throughout the expiry series.
- 24,000 is the key support zone. Holding above this level will keep the broader bullish structure intact.
- 24,200 is the immediate pivot zone, where price action is expected to remain range-bound unless a decisive breakout occurs.
- 24,450 is the most important resistance. Based on the current price action, a meaningful and sustained rally in NIFTY is likely only after a convincing breakout and close above the 24,450 zone.
Until then, traders should expect consolidation and avoid chasing momentum. Keeping a close watch on these three levels will be essential for navigating the August Expiry with discipline and patience.
Check this Link for July Expiry details
29 July NIFTY Analysis
Today’s session ended on a positive note as NIFTY closed above the important 24,200 level, reinforcing the near-term bullish structure. However, the next major trending move is likely only after a decisive breakout above 24,450. Until then, expect range-bound price action with stock-specific opportunities.
#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
30 July NIFTY Analysis
Today’s price action confirmed sustained buying interest above the 24,200 support zone. NIFTY is now approaching the key resistance zone of 24,450, where the next directional move is likely to unfold.
#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
31 July NIFTY Analysis
Last candle confirmed weakness for Monday session (subject to 24550) Any meaningful dip near 24200 is likely to present a buying opportunity as long as the broader trend remains intact.
#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
03 Aug NIFTY Analysis
NIFTY finally reclaimed and closed above 24,550. 24,200 has once again proved to be a strong support zone. The breakout strengthens the bullish structure, and sustained trading above 24,550 could pave the way for the next leg of the rally (in this analysis I am ignoring last minute Spike)….
#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
04 Aug NIFTY Analysis
24,220–24,280 is proving to be a high-conviction demand zone, where bulls continue to defend the trend.
#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
05 Aug NIFTY Analysis
Immediate resistance for NIFTY stands at 24,675. A decisive close above this level could pave the way for the next leg of the rally.
#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
06 Aug NIFTY Analysis
NIFTY tested 24,675 multiple times but failed to break through. The level continues to act as a strong immediate resistance. A sustained move above 24,675 could trigger the next leg of the rally.
#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
07 Aug NIFTY Analysis
NIFTY continues to trade within a well-defined range.
Key levels to watch:24,675 (Resistance) & 24,220 (Support).
A decisive breakout or breakdown beyond these levels is likely to determine the next directional move.#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
10 Aug NIFTY Analysis
Immediate resistance zone: 24,675–24,775
A decisive breakdown below 24,550–24,500 could open the floodgates for a deeper correction.
However, based on today’s price action, the probability of such a breakdown appears relatively low for now.
24,500 remains the key support zone to watch.
NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
11 Aug NIFTY Analysis
NIFTY has broken its important support zone of 24,500.
From here onwards, my view turns bearish on NIFTY, with 24,750 as the key invalidation level.
Unless NIFTY manages to sustain/close above 24,750, I will continue to maintain a bearish bias.
24,500 → Breakdown | 24,750 → Invalidation
NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
12 Aug NIFTY Analysis
NIFTY continued its breakdown journey, broadly moving as per the expected line. 📉
The bearish structure remains intact. Ignore the last candle due to the CAS factor.
24,500 → Breakdown | 24,750 → Invalidation
NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
13 Aug NIFTY Analysis
NIFTY continued its breakdown journey, broadly moving as per the expected setup.
The bearish structure remains intact. Ignore the last candle due to the CAS factor.
🔻 24,500 → Breakdown Level
⚠️ 24,750 → Bearish View InvalidationUntil 24,750 is reclaimed decisively, I remain cautious/bearish on NIFTY.
#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
14 Aug NIFTY Analysis
I continue to carry a bearish view on NIFTY. Any pullback towards the 24,500 zone will be a potential shorting opportunity, provided price action shows rejection there.
🔻 24,500 → Breakdown Level
⚠️ 24,750 → Bearish View Invalidation#NIFTY #StockMarket #TechnicalAnalysis
This is for informational purposes only and does not constitute investment advice or a recommendation. Investors should exercise due diligence and consult a SEBI-registered advisor.
