Nifty 50 Intraday Analysis – July 2, 2025
The Nifty 50 index closed at 25,467.15, falling 30.90 points (-0.12%), as it broke down from a symmetrical triangle pattern on the hourly chart—signaling potential weakness in the near term.
🔍 Key Technical Insights
- Triangle Pattern Breakdown:
Nifty formed a tight symmetrical triangle just above 25,500, and today’s move clearly broke below it—hinting at downside continuation. - Bollinger Band Support in Focus:
Price is hovering near the lower Bollinger Band at 25,448. If this breaks, a quick slide toward 25,200 support is highly possible. - Volume Spike Confirms Move:
A noticeable rise in volume during the red candle reinforces the strength of today’s bearish breakdown. - Key Levels to Watch:
- Immediate Support: 25,448 → Breakdown could open the path to 25,200.
- Resistance: 25,535 (20-SMA), 25,623 (swing high).
💡 What’s Next for Nifty?
If the index fails to reclaim the 25,535 zone quickly, the selling may intensify. However, a bounce from current levels could trap bears and trigger short-covering.
🔗 Read next: Complete Weekly Nifty Trend Outlook & Next Week’s Trading Strategy — stay ahead of market swings!
Disclaimer:
This content is purely for educational and informational purposes and should not be considered financial advice. Always consult a certified investment advisor before acting on market data.
