Nifty 50 (GIFT Nifty Futures) — Opening Outlook & Strategy (22-May-2025)

Current Price: ₹24,751.5 (-0.32%)

Expected Range: ₹24,675 – ₹24,850

 Technical Analysis Summary

• Supertrend (2.5, 7): Currently Bearish. Price hovering below Supertrend resistance around ₹24,800.
• RSI: Near 40-45 zone. Slightly bearish, but not yet oversold. Needs to reclaim above 50 for bullish momentum.
• Price Action: Consolidation visible, with multiple rejections near ₹24,850.

 Key Levels to Watch

• Resistance: ₹24,800 → ₹24,850
• Support: ₹24,720 → ₹24,675

Options Strategy for Today (22-May-2025)

1️⃣ Bear Call Spread (Cautious Bearish Bias)

• Sell 24,800 CE
• Buy 24,850 CE

Max Profit: Net premium received
Max Loss: ₹50 – premium received
Breakeven: 24,800 + premium

👉 Suitable if Nifty remains below ₹24,800 today.

 Iron Condor (Range-Bound Between 24,675 – 24,850)

• Sell 24,675 PE
• Buy 24,625 PE
• Sell 24,800 CE
• Buy 24,850 CE

Max Profit: Total premium received
Max Loss: ₹50 – net premium received
Breakeven: Lower = 24,675 – premium | Upper = 24,800 + premium

👉 Ideal if Nifty stays between 24,675–24,800 today.

Note:

Adjust positions as per live market premiums. Always maintain proper risk management while trading options.

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