Synopsis
The Nifty index broke out of a downward sloping channel, closing at 25,112 β decisively above key technical levels like the 20-day SMA, 40-day EMA, and 61.8% Fibonacci retracement, reinforcing strong support in the 24,500β24,600 zone. Preeti K Chabra of Trade Delta notes that RSI and price action suggest continued bullish momentum, but rising geopolitical tensions may inject volatility.
The Nifty index broke out of a downward sloping channel on Friday, rising 319 points (1.29%) to close at 25,112 β decisively above the 20-day SMA (Bollinger Band midline) at 24,863, which now acts as immediate support.The index continues to trade:Well above the 40-day EMA at 24,598Above the lower Bollinger Band at 24,530Above the 61.8% Fibonacci retracement level at 24,545 (from the swing low of 21,743 on April 7, 2025, to the high of 26,277 on
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. Youβre just a step away.
Whatβs Included with
1Invest Wisely With Smart Market Tools & Investment Ideas
Investment Ideas
Grow your wealth with stock ideas & sectoral trends.
Stock Reports Plus
Buy low & sell high with access to Stock Score, Upside potential & more.
BigBull Porfolio
Get to know where the market bulls are investing to identify the right stocks.
Stock Analyzer
Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Market Mood
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Stock Talk Live at 9 AM Daily
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
2Stay informed anytime, anywhere with ET ePaper
ePaper – Print View
Read the PDF version of ET newspaper. Download & access it offline anytime.
ePaper – Digital View
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Wealth Edition
Manage your money efficiently with this weekly money management guide.
3Exclusive Insights That Matter
4Times Of India Subscription (1 Year)
TOI ePaper
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Deep Explainers
Explore the In-depth explanation of complex topics for everyday life decisions.
Health+ Stories
Get fitter with daily health insights committed to your well-being.
Personal Finance+ Stories
Manage your wealth better with in-depth insights & updates on finance.
New York Times Exclusives
Stay globally informed with exclusive story from New York Times.
5Enjoy Complimentary Subscriptions From Top Brands
TimesPrime Subscription
Access 20+ premium subscriptions like Spotify, Amazon Prime & more.
Docubay Subscription
Stream new documentaries from all across the world every day.
6Get Inspired by Grandmasters
Source link
