Nifty 50 is gearing up to retest the 24,500 levels on September 29, 2025, following recent market volatility. Traders are watching key support and resistance levels to plan entry and exit strategies.
Market Outlook
Trend Analysis: Nifty has shown mixed momentum in the past week, with short-term corrections offering buying opportunities.
Key Resistance: 24,500 – If Nifty breaks this, the market could move higher toward 24,700–24,800.
Key Support: 24,200 – A dip below this may trigger short-term selling pressure.
Technical Indicators
RSI (Relative Strength Index): Currently at neutral levels, suggesting potential for upward movement.
MACD (Moving Average Convergence Divergence): Signals a possible trend reversal, favoring bulls.
Volume Analysis: Increased volumes near support levels indicate buying interest among traders.
Trading Strategy
For Aggressive Traders: Consider long positions if Nifty sustains above 24,500, with a target of 24,700–24,800.
For Conservative Traders: Wait for confirmation of a breakout above 24,500 before entering.
Stop Loss: Maintain stop loss near 24,400 for long positions to manage risk.
Options Traders: Look for Call options near 24,500 strike with short-term expiry for potential intraday gains.
Conclusion
Nifty 50 is set for a crucial retest at 24,500 levels. Traders should closely monitor support and resistance zones, use technical indicators, and apply disciplined risk management to make the most of market movements on September 29, 2025.
FAQs
Q1: What is the key level Nifty is expected to retest on Sept 29?
A1: Nifty 50 is expected to retest the 24,500 levels, which is a crucial resistance point for traders.
Q2: What are the main support and resistance levels to watch?
A2:
Resistance: 24,500 – breakout above may push Nifty toward 24,700–24,800.
Support: 24,200 – a dip below could trigger short-term selling pressure.
Q3: Which technical indicators are important for Sept 29 trading?
A3: Key indicators include:
RSI (Relative Strength Index): Neutral, suggesting potential upward movement
MACD: Signals possible trend reversal favoring bulls
Volume Analysis: High volumes near support levels indicate buying interest
Q4: What is a recommended trading strategy for aggressive traders?
A4: Consider long positions if Nifty sustains above 24,500, with a target range of 24,700–24,800, and maintain stop loss near 24,400.
Q5: How should conservative traders approach this setup?
A5: Wait for confirmation of a breakout above 24,500 before entering to minimize risk.
Published on : 28th September
Published by : SMITA
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