NIFTY 50 – Daily Chart Analysis (as of July 20, 2025)

📉 Price Action

• Current Price: 24,968.40
• High/Low of Day: 25,144.60 / 24,918.65
• Daily Change: -143.05 (-0.57%)
• POC (Point of Control): Around 24,526.85
• Volume Profile: Shows highest volume accumulation between 24,400–24,900 zone, indicating a strong demand/supply region.

🔍 Key Observations

1. Trend Structure

• The Nifty formed a double top around the 25,750–25,800 level (June highs).
• Recent price action has been bearish, with lower highs and lower lows forming.
• A clear break below the 20 EMA and nearing the 50 EMA, suggesting weakening momentum.

2. Volume Profile Analysis

• Heavy volume concentration between 24,500–24,900, acting as both support and resistance.
• POC at ~24,526: If broken, a strong selloff could follow.

3. Support & Resistance Levels

• Immediate Resistance:
  • 25,206 (20 EMA)
  • 24,968 (Current price zone)
• Immediate Supports:
  • 24,526 (POC and lower volume shelf)
  • 24,106 (200 EMA – significant long-term support)

4. Indicators & Patterns

• TD Sequential Count: Bearish signals visible (red count leading into setup 9).
• Bearish Divergence likely in play as price rallied but momentum waned.
• Price may retest 24,526 and possibly fall toward 24,100 as drawn with the green arrow.

📉 Short-Term Outlook (Next Week)

• Bias: Bearish to Neutral
• If Nifty breaks below 24,526, we may see a fast move toward 24,100–24,000 zone.
• Upside is capped unless we break above 25,200 convincingly with volume.

✅ Strategy Zone

Scenario	Trigger Level	Action
Breakdown	Below 24,526	Sell/Short Target 24,100
Reversal/Support Bounce	Around 24,526	Cautious Long (tight SL)
Bullish Reversal	Above 25,200	Buy with target 25,500+