As we approach the new trading week, the monthly candle of Nifty shows a bullish sentiment—though not aggressively bullish, it reflects market confidence. However, what’s more important is the weekly candle, which has closed strong bullish, indicating buying strength in the short term.
Key Resistance Zone – 25,789
The major resistance area to watch is 25,789. This level is critical because:
- It’s where heavy selling pressure previously occurred.
- It has never been retested after that breakdown.
- It could act as a trap zone for late buyers if not broken with strength.
So, while the structure remains bullish, this zone should be approached with caution.
Global Market Influence: NDX & SPX
- Both NDX and SPX (US indices) are bullish, similar to Nifty.
- But just like Nifty, they are also approaching untested resistance zones.
- This suggests we may see a pause or slight pullback towards the end of the week across global indices.
Nifty Technical Analysis and Trade Setup for Monday (20 May 2025)
If you’re looking to trade Nifty on Monday, here’s a simple and effective setup based on our technical analysis:
- Buy Zone: 25,117
- Stop Loss: Low of the Entry Candle
- Target 1: 25,250
- Target 2: 25,370
Gap Up / Gap Down Scenario
In case of any gap up or gap down, use the 5 EMA Setup. We’ve detailed how to trade this strategy step-by-step in a separate article. You can read that here:
👉 5 EMA Setup Explained (Insert actual link)
Final Thoughts
- Trend remains bullish for now.
- Watch the 25,789 level closely—it could act as a barrier or a breakout zone.
- Trade with proper risk management and patience.
For more such daily updates on BTC, Gold, SPX, NDX, Nifty, BankNifty, and more—visit
🔗 ChartExpertise.com
For more insights on what the indicators are signaling for Nifty, visit TradingView Nifty Technicals.
Must Read: How to Build a Winning Intraday Trading Plan (Journal + Risk + Screens) – Master the core elements of successful intraday trading with this practical guide.