NIFTY 20 MAY 2025 - Can Nifty able to surpass 25100 resistance mark or fall to test 24650 levels? Billion dollar question now !!!
Nifty 50 at Critical Resistance: What to Expect in Tomorrow’s Trade
As we approach a fresh trading session, the Nifty 50 is trading at a crucial technical juncture. After a powerful recovery rally from its recent April lows, the index has comfortably reclaimed the 25,000 mark — a level that now acts as a psychological and technical resistance zone.
In this post, we’ll break down the current technical setup, key levels, and possible trade scenarios for tomorrow, 20 May 2025.
Daily Chart Analysis
On the daily chart, Nifty has displayed consistent strength over the past several sessions, but today's candle hints at some hesitation near the 25,000–25,100 zone. The price action formed a small-bodied candle with an upper wick — a sign of indecision or mild selling pressure at higher levels.
Key observations:
- The broader uptrend remains intact.
- Current price action indicates possible consolidation or minor correction if resistance holds.
Technical Indicators
- RSI (Relative Strength Index): Currently hovering around 66–68, indicating an overbought zone. The indicator is flattening out, signaling slowing momentum.
- MACD (Moving Average Convergence Divergence): Still in bullish territory, but the histogram is narrowing, suggesting reduced buying momentum.
Important Levels to Watch (20-May-2025)
| Level Type | Price Zone (₹) |
|---|---|
| Major Resistance | 25,100 – 25,150 |
| Major Support | 24,900 |
| Breakdown Level | 24,850 |
| Upside Target (if breakout) | 25,250 – 25,350 |
| Downside Target (if breakdown) | 24,700 – 24,650 |
Possible Trade Setups for Tomorrow
- Bullish Scenario: If Nifty sustains above 25,100 with strong volumes, expect an intraday rally towards 25,250–25,350.
- Bearish Scenario: If the index breaks below 24,900 and sustains, expect profit-booking to drag it towards 24,700–24,650.
Note: RSI is in overbought territory, so be cautious with long trades without proper breakout confirmation.
Final Thoughts
While the broader trend continues to favor the bulls, the momentum seems to be cooling off near the resistance zone. Traders should watch out for a confirmed breakout or breakdown before taking aggressive positions.
Stay disciplined, stick to levels, and manage risk smartly.
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