NIFTY 50 may rise to 25018.00 - 25596.00

Our pivot point is at 22529.00.

Our preference

The upside prevails as long as 22529 is support.

Alternative scenario

The downside breakout of 22529 would call for 21562 and 20984.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. NIFTY 50 Index is above its 20 and 50 period moving average (respectively at 22677.90 and 22503.30).

Supports and resistances

26171.00 **

25596.00 *

25018.00 **

24443.00

23290.15 last

22911.00

22529.00 **

21562.00 *

20984.00 **

Number of asterisks represents the strength of support and resistance levels.