By StockMarketRulers.com Team
Indian benchmark indices Sensex and Nifty witnessed mild gains in early trade on Wednesday, June 26, 2025. However, technical indicators on the 15-minute chart suggest a potential near-term pullback after an aggressive upswing in the past few sessions.
🔍 Sensex 15-Minute Chart Analysis (BSE: S&P BSE Sensex Index)
- Current Price: ₹83,238.41 (+0.03%)
- Day’s Range: ₹83,210.28 – ₹83,238.41
- Bollinger Bands: Price touched the upper band at ₹83,263.80 and is now showing signs of minor rejection. This may indicate short-term overbought conditions.
- RSI (14): Currently at 70.60, hovering in the overbought zone, reflecting potential exhaustion.
- Support Level: Middle band (20 SMA) around ₹82,827.97
- Immediate Resistance: ₹83,400
📉 Interpretation: The RSI breaching 70 signals that the rally may be overextended in the short term. Traders should watch for a potential cooldown towards ₹82,800-₹82,900.
🔍 Nifty 15-Minute Chart Analysis (NSE: Nifty 50 Index)
- Current Price: ₹25,367.55 (+0.02%)
- Day’s Range: ₹25,361.35 – ₹25,371.00
- Bollinger Bands: Price hit the upper band and is retreating slightly, similar to Sensex behavior.
- RSI (14): At 65.76, showing strength but nearing overbought territory.
- Support Level: Mid-band (20 SMA) near ₹25,275.37
- Key Resistance: ₹25,408.99
📉 Interpretation: Nifty remains bullish but momentum is slowing. A consolidation phase or slight correction toward ₹25,275 may unfold if RSI continues to flatten.
🔎 Key Takeaways for Traders
- Both indices are showing short-term overbought signals.
- Profit-booking or sideways movement may be on the cards.
- Watch for RSI divergence, volume drops, and potential Bollinger Band squeeze to anticipate direction.
📌 Strategy Recommendations
- Scalpers/Intraday Traders: Consider booking partial profits near resistance levels.
- Swing Traders: Wait for RSI to cool below 60 or for a bounce from the middle band before initiating fresh longs.
- Investors: Remain cautious, as short-term volatility may offer better entry points.
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📜 Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Readers should consult a certified financial advisor before making any investment decisions. StockMarketRulers.com and its authors are not liable for any losses incurred.
