Nifty Technical Analysis: Nifty 50 Reclaims 25,000

Nifty 50 finished the week on a firm footing, regaining the 25 K milestone and adding fresh momentum to the bullish structure. Below is a step‑by‑step Nifty technical analysis of price action, derivatives data, and volatility indicators.

Market Performance Snapshot

The index's ability to stay above both the 10- and 20-day EMAs reinforces the short-term bullish stance.

Key Technical Levels to Watch

• Immediate support: 25,000 (psychological)
• Secondary support: 24,700 (break here would weaken the structure)
• Near‑term resistance: 25,200 – 25,250 (previous swing zone)
• Upside target on breakout: 25,400 – 25,500

Why these levels matter: A decisive move above 25,250 could set off follow‑through buying, while sustained trade below 24,700 would undermine bullish sentiment.

Derivatives Picture

• Put buildup: 25,000 strikes (≈ 1.03 cr contracts) underscores strong base support.
• Call buildup: 25,500 strike (≈ 82.56 lakh contracts) marks the next major hurdle.
• Put Call Ratio (PCR): Rallied from 0.95 to 1.18, reflecting a shift toward bullish positioning.
• Max Pain: 24,800—often acts as a magnetic zone into monthly expiry.

Takeaway: Elevated put open interest, and rising PCR indicate traders are defending lower levels, supporting the broader bullish bias in this Nifty technical analysis.

Volatility Check

• India VIX: Fell 4.09 % to 13.67—comfortably below the watch level of 15.
• Interpretation: Easing volatility suggests reduced fear, which typically aligns with a steady or rising Nifty 50.

Market Outlook

As long as the Nifty maintains traction above 24,700, the technical setup remains constructive. A strong daily close above 25,250 would:

1. Confirm a breakout from the current congestion zone.

2. Potentially open the path to 25,400 – 25,500 in the near term.

Conversely, a slip beneath 24,700 could invite a deeper retracement toward the 24,200 – 24,230 region highlighted earlier.

Key Takeaways for Traders & Analysts

• Nifty technical analysis point toward an intact uptrend.
• Watch 25,250 for confirmation of bullish continuation; 24,700 remains a pivotal floor.
• Derivatives and volatility cues reinforce the constructive tone.