Date: June 19, 2025 | Source: TradingView | By: StockMarketRulers.com
The Nifty 50 Index witnessed mild volatility today, with price action indicating consolidation amid broader uncertainty. Technical indicators across both daily and intraday charts hint at indecisiveness among traders, with RSI levels and Bollinger Bands giving mixed signals.
🔍 Daily Chart (1D) Analysis:
- Closing Price: 23,045.25 (down by 26.55 points / -0.12%)
- High/Low: 23,144.70 / 22,798.35
- Volume: 279.66M (lower than average)
- Bollinger Bands:
- Price is currently testing the middle band (20-day SMA) near 23,850.
- The upper band resistance remains at 25,162.96 while support is near 22,787.91.
- RSI (14): 40.46, trending below neutral (50) with a signal line at 47.20
🔸 Indicates bearish to neutral momentum, with no sign of strong buying strength. - Key Support: 23,224 (horizontal support)
- Resistance Zone: 24,850–25,160
📌 The broader trend still holds bullish structure, but profit-booking near highs and muted volume suggest caution.
⏱️ Intraday (15-Minute Chart) Snapshot:
- Latest Price: 24,809.95 (up by 20.75 points / +0.08%)
- Volume: 6.62M
- Bollinger Bands: Price is moving sideways within a tight band (BB squeeze), signaling a potential breakout or breakdown soon.
- RSI (14): 50.91 with signal line at 45.58
🔹 RSI is back above 50, indicating a slight bullish bias intraday.
📈 Price Action Insight:
On the intraday frame, Nifty is showing signs of base formation between 24,750–24,850, which could be a setup for a breakout toward 25,000+ if supported by volume. However, failure to sustain above the middle Bollinger band may pull it back below 24,700.
📊 Summary & Outlook:
| Indicator | Signal |
|---|---|
| RSI Daily | Bearish/Neutral |
| RSI 15-min | Mildly Bullish |
| Bollinger Bands Daily | Consolidation |
| Volume (Daily) | Below Average |
| Price Trend | Sideways-to-Weak |
🔮 Near-Term View:
Nifty 50 remains in a range-bound zone. Watch for a decisive move above 24,850 for bullish confirmation or a break below 23,800 for further correction. Traders should stay nimble with tight stop-losses until directional clarity emerges.
📰 Stay tuned to StockMarketRulers.com for daily Nifty technicals, macro triggers, and trading ideas.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always consult a certified financial advisor before trading or investing.
