Nifty Analysis – Daily Technical Overview:
The Nifty index remains firmly bullish, supported by strong price action from previous sessions. Today’s daily candle will be critical as it could confirm a breakout toward the resistance zone at 25,639.
Key Price Levels to Watch:
- Previous Day High: 25,126
- Previous Day Low: 24,500
- Resistance Level: 25,639 (gap from October 3, 2024)
- Support Zone: 25,000
Trade Plan for Today – May 16, 2025:
🔹 Buy Opportunity:
- Entry: Above 25,126
- Target: 25,639
- Stop-Loss: 25,000
- This breakout level aligns with bullish continuation. The upside target is the gap resistance.
Bullish & Bearish setups will work best today — read our guide here →
🔹 Sell Opportunity:
- Avoid short positions early in the session.
- Consider selling only if price tests 25,639 and shows reversal signs.
- Use confirmation from your bearish setup.
Pro Trading Tip – Use the 5 EMA:
For intraday confirmations, the 5 EMA is a powerful tool. It helps confirm both trend direction and reversals. If you’re new to this, check our simple EMA trading guide.
🔗 Read: How to Use 5 EMA Like a Pro →
Quick Recap – Nifty Intraday Levels:
| Action | Level | Target | Stop Loss |
|---|---|---|---|
| Buy | Above 25,126 | 25,639 | 25,000 |
| Sell | Near 25,639 (with setup) | Based on confirmation | Setup-based |
Final Word on Today’s Nifty Analysis:
The bullish structure remains intact. All eyes are on the breakout above 25,126 and the test of 25,639. Trade with discipline, wait for confirmation, and protect your capital with smart stop-loss placement.
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