Nifty 50 - Analysis

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Nifty 30 May 2025 : Trading strategy for anotherpossible fall from top. Know all critical levels here!!!

Nifty 30 May 2025 : Trading strategy for anotherpossible fall from top. Know all critical levels here!!!

  Nifty 50 Multi-Timeframe Technical Analysis for May 30, 2025

Welcome traders! Here's your detailed Nifty 50 multi-timeframe technical analysis for tomorrow's expiry. This includes key support and resistance levels, indicator signals, and a quick expiry day game plan.

Are you searching for a precise and actionable Nifty 50 analysis for May 30, 2025? Look no further! In this post, I’ll provide a comprehensive multi-timeframe technical analysis of Nifty 50, highlighting key support and resistance levels, RSI divergence signals, and an easy-to-follow expiry day scalping strategy. Whether you're an intraday trader or an option trader, this analysis will help you plan high-probability trades for the upcoming session. Stay with me till the end for the full outlook and strategy.

 Daily Chart Analysis


Bearish RSI divergence still valid since April peak.
    MACD histogram weakening — momentum waning.
      Price still hovering around swing highs, but each successive rise is on lower momentum.
        Bias: - Cautiously bearish — expecting a corrective phase soon if 24,950–25,000 isn’t decisively broken.

        Sideways with bearish bias
        • Resistance: 24,950 – 25,100
        • Support: 24,700, 24,461
        • Indicators: RSI (57.44), MACD bearish crossover

         Hourly Chart Analysis

        • Trend: Rangebound within 24,700 – 24,950
        • Resistance: 24,950
        • Support: 24,700
        • Indicators: RSI (48), MACD flat
        1-Hour Chart (Short-Term Trend)


        Key Highlights:

        Same critical support at 24,700.
        Price action stuck between 0.618 retracement (24,864) and 0.382 retracement (24,710).
        Price rebounded from 24,710 earlier — watch for repeat bounce pattern.
        Volume light on recent green candles, signaling weak bullish attempts.

        Bias:
        Range-bound between 24,700–24,950. Break below 24,700 can open sharp downside. Upside capped near 24,950.

        15-Minute Chart Analysis


        Key Highlights:
        Supply/Resistance zone: Around 24,950–25,100
        Support zone: Firm at 24,700

        Fibonacci 0.382 retracement at 24,710.55 — a critical decision point.
        RSI divergence indicating potential bounce before a fall.

        Plan noted:
        If gap up: Flat-to-negative move likely from resistance.
        If gap down: One bounce expected to trigger SL hunts, especially around 24,710–24,750 before downside resumption.

        Bias:
        Bearish bias if resistance holds, with a tactical bounce before any fall.
        • Trend: Volatile scalping market
        • Buy Above: 24,950 (target 25,020)
        • Sell Below: 24,700 (target 24,600)
        • Indicators: RSI oscillating 40–60, MACD mixed

        📌 Multi-Timeframe Summary Table

        Timeframe Trend Support Resistance Indicator Signal
        MonthlyBullish24,20025,100Overbought
        WeeklyBullish24,50025,100Divergence
        DailyBearish Bias24,70025,100Bearish Crossover
        HourlyRangebound24,70024,950Neutral
        15-minVolatile24,70024,950Mixed

        🚀 Expiry Day Outlook

        Expect Nifty 50 to trade highly volatile within 24,700–25,100. Keep an eye on hourly breakout or breakdown points for scalping and positional trades.

        That wraps up today’s detailed Nifty 50 multi-timeframe technical analysis for May 30, 2025. With a tight range between 24,700 and 25,100 and visible signs of RSI divergence and mixed momentum across timeframes, traders can expect a volatile expiry day perfect for scalping and quick option trades. Remember to respect key support and resistance zones, manage risks smartly, and follow the breakout/breakdown strategy for maximum advantage. 📲 Don’t forget to follow me on Twitter for live market updates.

        Follow strict stop-losses, and trade smart!

        📲 Follow me on Twitter for live updates and trade ideas.


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        Follow Me on Twitter
        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…
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