Nifty 50 - Analysis

Home

NIFTY 15 APRIL 2025 - We cannot ignore 800 points of gap on higher side in past two trading session which is still unfilled.

 A gap of 800 points on the higher side over the past two sessions in NIFTY (as of 15 April 2025) is significant and can't be ignored from a technical analysis perspective.


ChatGPT said:

That’s a sharp and balanced market take — nicely laid out!

Here’s a quick summary of your view, just to organize it a bit more for clarity or sharing if needed:

Market Technical Outlook (Intraday View):

  • Support Zone:

    • Key support seen around 23,200–23,100.

    • Holding this range is crucial for any short-term strength.

  • Resistance Levels:

    • Immediate intraday resistance at 23,400.

    • Major resistance / “litmus test” sits at the 200 DMA (~23,650) — a critical level to watch for directional clarity.

  • Strategy Outlook:

    • Avoid fresh long positions until a meaningful pullback or consolidation is seen.

    • Market is still prone to extreme volatility; stability is needed for confidence in sustained upside.

I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
NextGen Digital... Welcome to WhatsApp chat
Howdy! How can we help you today?
Type here...