Nifty and Bank Nifty Technical Analysis Today: Key Levels and Trading Strategy – May 22, 2025
Date: May 22, 2025
Author: CapitalKeeper | Market Moves That Matter
Nifty 50 – Technical Outlook
- Opening Level: 25,032
- Previous Close: 24,937
- Resistance Zones: 25,100 / 25,250
- Support Zones: 24,850 / 24,700
- Key Indicators:
- RSI: 61 – bullish territory, no overbought signs yet
- MACD: Positive crossover continues, indicating momentum
- Moving Averages: 21-day EMA acting as dynamic support
Chart Signal:
Nifty formed a strong bullish candle on the daily chart. If it sustains above 25,100, the next move toward 25,250 is likely. A failure to hold 24,850 may invite intraday selling pressure.
Intraday Strategy:
- Buy above: 25,100 with targets of 25,180–25,250
- Sell below: 24,850 with targets of 24,750–24,700
Bank Nifty – Technical Outlook
- Opening Level: 53,340
- Previous Close: 53,050
- Resistance Zones: 53,600 / 53,900
- Support Zones: 52,800 / 52,500
- Key Indicators:
- RSI: 58 – indicating moderate bullish momentum
- MACD: Bullish histogram widening
- Candlestick Pattern: Bullish Engulfing on 4H chart
Chart Signal:
Bank Nifty has broken out of a consolidation range. Sustaining above 53,600 will be key for a rally toward 54,000+.
Intraday Strategy:
- Buy above: 53,600 with targets of 53,800–53,950
- Sell below: 52,800 with targets of 52,500–52,300
CapitalKeeper’s Technical Tip:
“Momentum is building, but confirmation at resistance is crucial. Watch global cues and institutional flow for intraday confirmation.”
Disclaimer:
This article is for informational purposes only. It should not be construed as investment advice. Please consult with a SEBI-registered financial advisor before making any financial decisions.
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