Nifty 50 close at 25,522.50 amid consolidation beneath key Fibonacci and pivot levels, preserving bullish DMAs and positive RSI/MACD bias, while overbought Stochastic warns caution. Bank Nifty mirrored strength, closing at 57,256.30 with supportive retracements and bullish crossovers. Forecasts indicate potential breakouts above 25,580 and 57,293 to extend rallies, whereas supports at 25,475/25,409 and 56,807/56,666 guard downside.
Let’s understand the Nifty and Bank Nifty movements carefully.
Daily Nifty 50 Movement & Index Nifty 50 Update
Daily Nifty 50 today’s session saw Nifty 50 close at 25,522.50, a modest gain that underscores the prevailing Daily Nifty 50 trend characterised by consolidation near the 0.786 retracement of 25,468.95. In this Index Nifty 50 update, the market is trading just below R2 resistance at 25,535.33, and a decisive break above this level could pave the way for a run toward R3 at 25,580.87, while Nifty 50 weekly support levels at 25,475 and 25,409 remain intact. From a broader view of the Daily Nifty 50 trend, positive DMAs crossovers across all timeframes (5–20, 20–50, and 50–200) affirm the structural bullish bias.
In today’s Daily Nifty 50 News, another Index Nifty 50 update shows RSI at 62.53, MACD at 208.51, and CCI at 73.93, all in bullish territory, although caution is warranted as Stochastic (87.73) and Williams %R (–15.69) approach overbought zones. Given prevailing low volatility (ATR 213.97) and an ADX of 21.71, momentum may lack sharp conviction, making Nifty 50 weekly support increasingly critical in the context of the Daily Nifty 50 trend. Stay tuned to Daily Nifty 50 News for confirmation that a sustained move above 25,580 could unlock further upside, while these Nifty 50 weekly support thresholds will dictate risk management for the week ahead in this Index Nifty 50 update.
Nifty 50 Chart
Nifty50 chart
Nifty 50 chart shows consolidation below the 0.786 Fibonacci level and key resistance at 25,535, reflecting momentum amid trading ranges. Moving average crossovers reinforce a bullish structure, while RSI and MACD readings remain positive. However, overbought signals from Stochastic and Williams %R caution traders against exuberance. With low volatility and an ADX around 22, a breakout above 25,580 could trigger potential upside.
Nifty 50 Support and Resistance Levels For July 9, 2025
Level |
Value |
Technical Significance |
Resistance 1 (R1) |
25,498.32 |
First upside barrier; a break above suggests budding bullish momentum. |
Resistance 2 (R2) |
25,535.33 |
Intermediate resistance; overcoming it may confirm strength and target higher levels. |
Resistance 3 (R3) |
25,580.87 |
Major resistance; a decisive close above often signals a sustained rally. |
Pivot Point |
25,452.78 |
Intraday reference; trading above denotes bullish bias, below indicates bearish tilt. |
Support 1 (S1) |
25,415.77 |
Initial downside guard; a hold here can trigger rebounds. |
Support 2 (S2) |
25,370.23 |
Secondary cushion; breach may invite deeper corrective moves. |
Support 3 (S3) |
25,333.22 |
Strong support; breakdown could signal a shift to bearish control. |
Nifty 50 Daily Forecast
Nifty 50 is likely to open higher around 25,540, testing resistance at 25,580.50 global cues. The NIFTY 50 Forecast suggests consolidation between 25,475 support and 25,600 resistance, with moving averages turning bullish. RSI near 63 indicates momentum, while stochastic signals caution around overbought zones. Intraday traders should watch Pivot Point at 25,453. A decisive break above 25,580 could fuel a rally in line with NIFTY 50 Forecast.
Bank Nifty Daily : Performance, Price & Outlook
Daily Bank Nifty Movement & Bank Nifty Update
Bank Nifty Index strutted through today’s session with a quiet swagger, closing at 57,256.30—up 307 points—respecting support zones like a well-behaved guest. Bank Nifty highlights include a strong bullish daily candle that opened at 56,942.55 and closed near the day’s high, signalling buyer dominance in the Bank Nifty Index. Fibonacci retracements around 56,910 (0.5) held firm, while weekly Bank Nifty highlights flirted with the 0.618–0.786 band (57,327–57,920), hinting at resistance but also upside potential.
Momentum gauges and moving average crossovers underscore the Bank Nifty Update, and the move solidifies gains on the Bank Nifty Index. Additional Bank Nifty highlights will emerge if the index breaks above 57,293, per the next Bank Nifty Update.
Daily Nifty 50 Support and Resistance Levels
Level |
Value |
Technical Significance |
Resistance 1 (R1) |
57,121.42 |
First upside barrier: a break above suggests budding bullish momentum. |
Resistance 2 (R2) |
57,293.63 |
Intermediate resistance; overcoming it may confirm strength and target higher levels. |
Resistance 3 (R3) |
57,435.07 |
Major resistance; a decisive close above often signals a sustained rally. |
Pivot Point |
56,979.98 |
Intraday reference; trading above denotes bullish bias, below indicates bearish tilt. |
Support 1 (S1) |
56,807.77 |
Initial downside guard; a hold here can trigger rebounds. |
Support 2 (S2) |
56,666.33 |
Secondary cushion; breach may invite deeper corrective moves. |
Support 3 (S3) |
56,494.12 |
Strong support; breakdown could signal a shift to bearish control. |
Bank Nifty Daily Forecast
Bank Nifty forecast: The Bank Nifty index is expected to open around 57,300, retesting resistance at 57,435. The Bank Nifty forecast suggests consolidation between 56,900 support and 57,800 resistance, with moving averages trending bullish. Momentum indicators signal strength, though stochastic flags overbought conditions. Intraday traders should monitor the pivot at 56,980. A sustained break above 57,293 aligns with the Bank Nifty forecast for upside to 57,800, while support at 56,807 guards downside.
Conclusion
Nifty 50 and Bank Nifty indices exhibited resilient bullish structures amid consolidation near key Fibonacci and pivot levels. Despite overbought signals from momentum indicators and subdued volatility, breakouts above 25,580 and 57,293 could also unlock significant upside. Conversely, support at 25,475/25,409 for Nifty and 56,807/56,666 for Bank Nifty will remain crucial guardrails. Traders should monitor these thresholds and momentum signals to navigate potential rallies and downside risks.
RA Disclaimer: The information provided here is for educational and informational purposes only and should not be construed as investment advice. You are solely responsible for conducting your research and due diligence before making financial decisions.