As of May 26, 2025, the Nifty 50 index has closed above the 25,000 mark, indicating further bullish momentum. Below is a brief analysis for May 27, 2025:
Nifty 50 Technical Outlook for May 27, 2025
Current Trend: Bullish
Key Resistance Levels:
- 25,200: Immediate resistance
- 25,300: Next resistance level
Key Support Levels: - 24,850–24,900: Immediate support zone
- 24,800: Strong support
Relative Strength Index (RSI):
- Currently at 59.33, reflecting moderate bullish momentum
Chart Pattern: - The Nifty 50 daily chart shows a higher top–higher bottom formation, which indicates a bullish trend continuation
Market Sentiment
The decisive move of the index above 24,850 and increased trading volumes indicate good buying interest. The RSI moving in an upward direction confirms the optimistic outlook. Traders should, however, keep an eye on the 24,850–24,900 support level as a breach below this may lead to selling pressure .
Trading Strategy
- Bullish Scenario: If Nifty holds above 25,000, it can test the 25,200–25,300 resistance level. A break above 25,300 can trigger more upside.
- Bearish Scenario: A slide below 24,850 can initiate a fall towards 24,800 or below. Caution is advised, and proper risk management must be adopted.
In general, the technical indicators hint towards a bullish tilt for Nifty 50 on May 27, 2025, with critical support and resistance levels setting the direction for potential trade opportunities.