Expecting Range-Bound Volatility Ahead of Weekly Expiry
By CapitalKeeper | Nifty & Bank Nifty | Indian Equities | Market Moves That Matter
Nifty & Bank Nifty Technical Trade Setup
After the RBI policy-led volatility and short covering witnessed in the previous session, the Indian indices now enter a consolidation phase. As technical indicators suggest, Nifty and Bank Nifty may remain range-bound with intraday volatility until a breakout or breakdown occurs from key support and resistance levels.
Here’s the detailed technical outlook and trading strategy for the day:
🔵 NIFTY 50 – Technical Chart View
CMP: Around 25080 (As per latest close)
Structure: Sideways with bullish undertone if supports hold
🛑 Resistance Zone:
25260–25270: Crucial short-term hurdle
Sharp Call writing seen at 25300 CE
Break and sustain above 25270 may trigger fresh breakout toward 25395+
✅ Support Zone:
24930–24940: Strong base zone
A breach below this may drag Nifty toward 24750–24680
📌 Expectation: Range-bound volatility between 24930–25270 Use dips near support to go long, with strict stop-losses
🟢 BANK NIFTY – Technical Chart View
CMP: Near 55950
Pattern: Consolidating with higher base forming
🛑 Resistance Levels:
56300 / 56700: Key zones to watch for breakout
Heavy OI buildup in 56500–57000 CE range
✅ Support Levels:
55500 / 55200: Acting as cushion for buyers
Sustaining above 55500 could lead to a slow grind higher
📌 Expectation: Broader range 55200–56300 Focus on breakout above 56300 for momentum plays
🔄 Trading Strategy for the Day
Index
Bias
Strategy
Nifty
Neutral
Buy near 24930–24950, target 25260–25270
Bank Nifty
Sideways
Watch 55500–56300 for breakout confirmation
Fin Nifty Holds Ground Amid Volatility
The Fin Nifty continues to trade within a defined range, mirroring the indecision in the broader financial sector post the RBI policy outcome. While intraday momentum picked up during the last 15 minutes of the previous session, a clear breakout or breakdown is still pending.
🔍 Fin Nifty Overview
Previous Close: 27050 approx.
Trend: Neutral with slight bullish bias if support holds
Volatility: Range-bound, ideal for short-term scalping setups
🔧 Key Technical Levels
📈 Resistance Areas:
27150 – Immediate intraday resistance
27280 – Strong upside hurdle; breakout here may lead to 27400/27500
27550 – Positional breakout level
📉 Support Zones:
26900–26930 – Crucial support band
26750 – Breakdown confirmation below this
26580 – Deeper support, swing low zone
📊 Technical Indicators
Indicator
Reading
Interpretation
RSI (14D)
52
Neutral, near midline
MACD
Flat
Awaiting momentum trigger
PCR
0.87
Balanced, range setup
Volume
Stable
No signs of strong accumulation yet
📌 Market View & Strategy
Intraday Strategy:
🔼 Long Above: 27150 with targets 27280–27400
🔽 Short Below: 26900 for 26750–26580
🎯 Use tight SLs, consider option strangles for intraday premium decay
Positional Traders:
Stay neutral till breakout above 27280 or breakdown below 26750
🔥 Quick Trade Tips
🕐 Wait for first 15-30 mins price action to gauge day’s trend
📉 Use straddle/strangle options strategy for intraday volatility
✅ Look for confirmation candles on 15-min/1-hour chart near key zones
Trader’s Note:
“Financial stocks like HDFC AMC, Bajaj Finance, and ICICI Lombard are showing mixed signals. Watch for leadership from large-cap private banks or NBFCs to gauge Fin Nifty direction.”
📌 Key Takeaway
The market has moved into a consolidation zone post the policy action. Nifty’s 24930–25270 range will decide short-term direction. Traders should maintain a neutral-to-positive bias until breakdown or breakout levels are confirmed.
🖊 Written by CapitalKeeper.in – Your Daily Dose of Smart Market Insight
🧠 CapitalKeeper’s Takeaway
A clean breakout with volume above this congestion zone may fuel momentum towards 25,270+, completing the Wolfe Wave target.
Maintain a disciplined stop-loss strategy around major intraday supports and don’t chase breakouts blindly in this volatility.
Stock-specific trades in Auto, Railways, and Banks are likely to offer short-term momentum.
📢 Stay tuned to CapitalKeeper.in for more real-time updates and actionable insights throughout the trading day.
Conclusion:
The Indian equity markets are currently navigating through mixed signals, with Nifty 50 showing signs of consolidation, Bank Nifty exhibiting neutral momentum, and Fin Nifty displaying cautious optimism. Traders and investors should monitor key support and resistance levels, along with global economic developments, to make informed decisions.
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