Mumbai, July 4, 2025:
The Nifty 50 Index continues to show signs of weakness as it failed to sustain above the 25,700 resistance mark, slipping 40.60 points to close at 25,364.70, down 0.16% on the daily chart. With both daily and hourly charts reflecting short-term bearish momentum, all eyes are now on the 25,160 support zone, which could be a turning point in the ongoing consolidation phase.
🔍 Technical Overview: Daily Chart Highlights
- Chart Pattern: After a strong bullish breakout last week, Nifty is now forming a descending triangle or bear flag pattern — typically a bearish continuation sign.
- Key Support: The index is now hovering near the middle Bollinger Band (25,160.17), a crucial area of demand.
- Resistance Zones: Immediate resistance lies at 25,720, followed by 26,278 — the next bullish breakout level.
⏳ Intraday (1-Hour) Chart Insights
- The hourly chart shows a bearish descending channel, with consistent lower highs and lower lows.
- Support has been tested near 25,330, while resistance at 25,456 (20 SMA) needs to be cleared for any upside momentum.
- Volumes remain weak, suggesting lack of conviction from buyers.
🔔 Key Technical Levels
| Level Type | Price Zone (₹) | Implication |
|---|---|---|
| Major Support | 25,160 | Breakdown = more downside risk |
| Intermediate Support | 25,330–25,300 | Minor demand zone intraday |
| Immediate Resistance | 25,456–25,580 | Reversal only above this zone |
| Major Resistance | 25,720–26,000 | Fresh rally zone for bulls |
📊 What’s Next for Traders?
With Nifty consolidating below its recent high and bearish patterns forming on lower timeframes, the short-term trend remains vulnerable. However, 25,160 is a make-or-break level — a bounce from here could reinstate bullish control, while a breakdown may invite further correction towards 24,900.
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⚠️ Disclaimer:
This analysis is based on technical indicators and chart patterns using TradingView data. The content is for educational purposes only and not financial advice. Please consult a SEBI-registered advisor before making investment decisions.
