NIFTY 25 APRIL 2025 - Be cautious at higher levels. 23360-24400 demands caution. Cross above 24400 will give 24800-24900.

 


Hello everyone, 

To begin with, there has been no indication of a market reversal thus far. It hasn't even fallen below 24200 levels as of yet. It makes me reflect and acknowledge that, despite the greatest historical upswing, bulls are still very much in control.

Technical charts suggest that resistance can appear in the 24360–24400 level range. We may anticipate some intraday retreat because it's Friday, but nothing will motivate us to short until it drops below the 24200 levels.

Support: The door will undoubtedly open for 24800 to 24900 levels if it begins to settle over 24400. Bulls' current strength has raised expectations for a new all-time high earlier than anticipated. You may now say that the news flow about tariffs intended to cause rash panic in order to correct the price before it rose.

We shall watch how the day molds us.

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...