NIFTY 07 MAY 2025 : We are presently on the verge of a conflict between Pakistan and India. Refrain from purchasing stocks and take precautions.

Hello Everyone, 

The most anticipated action against Pakistan started last night as India launched a major airstrike in response to recent terrorist attacks. Regarding GIFTNIFTY, I can simply state that we don't require 23800 support for Pakistan; in fact, 24200 might be sufficient.

If Pakistan decides to respond or retaliate, the market will decline. Although nothing is impossible, things are difficult for Pakistanis. Maybe this is why GIFTNIFTY is operating at a slight deficit.

Today's market response will be extremely important. Today, there is a chance for patriotic purchasing. Technically speaking, only bears will find comfort if it breaks 24200; otherwise, the decline is really a retreat.

Key Technical Indicators

• Relative Strength Index (RSI): 64.50 — approaching overbought territory.
• MACD: Positive crossover with MACD at 370.49 and signal at 320.96 — indicating bullish momentum.
• Stochastic Oscillator: 91.44 — suggests overbought conditions.
• Average Directional Index (ADX): 22.26 — indicates a mild trend strength.
• Supertrend Support: Located at 23,553.19.
• Parabolic SAR (PSAR): Support at 23,909.64. 

 Support & Resistance Levels

• Immediate Support: 24,200
• Major Support Zone: 24,000 – 23,500

• Resistance Levels:

  24,500
• 24,768
• 26,178 (long-term resistance)

Technical Summary

Market Sentiment

Recent geopolitical tensions, particularly the India-Pakistan conflict, have introduced volatility into the markets. Analysts suggest that while the short-term trend remains positive, caution is advised due to potential market fluctuations.