NIFTY 50 may rise to 25217.00 - 25792.00

Our pivot point stands at 22581.00.

Our preference

The upside prevails as long as 22581 is support.

Alternative scenario

Below 22581, expect 21619 and 21047.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. NIFTY 50 Index is above its 20 and 50 period moving average (respectively at 22884.50 and 22584.40).

Supports and resistances

26368.00 **

25792.00 *

25217.00 **

24641.00

23465.60 last

22956.00

22581.00 **

21619.00 *

21047.00 **

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