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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Setup For July 15: Nifty Key Support At 25,000

  • The NSE Nifty 50 closed 0.27% lower at 25,082.3, with key support seen at 25,000 according to analysts.
  • Technical analysis indicates that if Nifty breaks below 24,900, it may halt the short-term uptrend; current decline is viewed as a buying opportunity.
  • Market experts suggest that the 50-day SMA at 25,000 is a crucial support zone with potential for a bounce back to 25,250–25,300, but below 25,000, selling pressure may intensify.
  • Bank Nifty also finds support levels between 56,000–55,500 and is expected to consolidate within the range 56,400–57,600 based on recent candlestick patterns.

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