Since May 12, 2024, the index has been unable to decisively break above the 25,000 level. During this period, it has been trading within a narrow range of 24,600 to 25,000, indicating consolidation and a lack of clear directional momentum.
In technical analysis, the term range refers to the area between the highest and lowest prices that a stock or other asset trades within over a specific period of time. When a stock is in a range, it means the price is moving sideways, staying between a support level (the bottom) and a resistance level (the top), without breaking out in either direction.
If the current range is broken on the upside, Nifty’s next resistance is expected around the 25,325 level. A sustained move beyond this could lead the index to test its all-time high near the 26,200 mark
The stock market is currently experiencing headwinds due to ongoing uncertainties surrounding U.S. tariffs, growing recession fears in the U.S., and heightened geopolitical tensions.
The Nifty 50 Index is a list of the top 50 big and popular companies in India that are traded on the National Stock Exchange (NSE). It shows how the stock market is performing overall. These companies are from different sectors like banking, IT, energy, and more. If the Nifty 50 goes up, it means most of these top companies are doing well, and if it goes down, they’re not doing so well. It helps investors understand the market and is also used to create mutual funds and do trading.
Written By Abhishek Das
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