Nifty is giving a mild sell bias on the daily chart, with 8 out of 12 key moving averages (including 5/10/100/200‑DMA) on “Sell” while only the 20‑ and 50‑DMA still support the uptrend, showing short‑term weakness within a broader range. Oscillators are stretched on the upside: Stoch(9,6) and Williams %R are in overbought territory and StochRSI is on a Sell signal, indicating tired momentum and scope for a downside reaction from higher levels. Immediate resistance sits around 25,950–26,000, with options data also showing heavy Call writing there, while a break below the key support zone at 25,700–25,728 (50‑DEMA + recent low) can open room toward 25,500, making rallies toward 25,900–26,000 favourable for sell‑on‑rise trades with a tight stop above 26,050.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Comments
One response to “BUY : NIFTY16DEC2526000PE( NIFTY ) [48225]”
TARGET ACHIEVED