Posted on June 30, 2025 | By StockMarketRulers.com
The Nifty 50 Index ended Monday’s session at 25,542.10, down 0.37% or 95.70 points, after hitting an intraday high of 25,669.35. The benchmark index saw profit booking at higher levels after a strong breakout last week, suggesting short-term caution among traders.
🔍 Chart Technical Analysis:
- Bollinger Bands (20, 2):
- The index is trading near the upper Bollinger Band (25,605.74), which often indicates overbought conditions.
- Price rejection near this band reflects a potential resistance zone.
- 20-Day Simple Moving Average (SMA):
- The SMA at 25,018.99 remains a strong dynamic support, with the price comfortably holding above it.
- Support Zones:
- Immediate support lies at the mid-Bollinger Band (SMA 20) near 25,019, followed by 24,432 (lower Bollinger Band).
- Strong historical support is visible at the 23,224.15 horizontal line.
- Volume Analysis:
- Monday saw elevated volumes at 141.32M, hinting at active participation during the pullback. This could signal distribution or temporary exhaustion after recent gains.
📈 Market Outlook:
After a robust upward rally since mid-June, Nifty 50 appears to be consolidating below the upper Bollinger band, indicating temporary exhaustion. However, the trend remains bullish above 25,000, with a possible retest of 25,700+ once the market digests recent gains.
Short-term traders should watch for any pullback to the 25,000–25,200 zone as a potential buy-on-dips opportunity. Meanwhile, a sustained breach below 24,900 may trigger a deeper correction toward the 24,400 support.
🔗 Internal Link Suggestion:
Read our latest Nifty Chart Outlook for sector correlation.
🌐 External Reference:
Visit NSE India for Real-Time Nifty Data
📌 Disclaimer:
This article is for educational purposes only and does not constitute financial advice. Please consult your investment advisor before making any trading decisions.
