Wyckoff Analysis
Wyckoff analysis Nifty 50 movement
Current Price:
The NIFTY 50 closed at 25,112.40 on June 20, 2025, with a +1.29% gain, and is showing continued bullish momentum. Real-time trends suggest it’s holding above the 25,200 level, aligning with the breakout observed.
Breakout Phase:
The index has surpassed the resistance at 25,200-25,250, confirming a markup phase. The breakout target of 25,330 (from your chart) remains valid, with recent analyses suggesting a potential move toward 25,650-25,800 if momentum persists.
Support Levels:
Immediate support is now at 25,200-25,250, with the SL FOR LONG at 25,025 acting as a critical level. A drop below 25,200 could indicate a pullback or false breakout.
Volume and Sentiment:
Recent data shows strong buying interest, with 43 advances against 7 declines on June 20. DII buying (+30,556 on 20.6.25) and FII selling (-96,368) suggest domestic accumulation, supporting the markup phase.
External Factors:
Global market pressures (e.g., U.S. Fed rate outlook) and Middle East tensions are noted, but the domestic rally is driven by financial heavyweights like HDFC Bank and Reliance Industries.
Probable Movement
Short-Term (Next 1-2 Days): Expect a test of 25,330, with potential to reach 25,650 if it sustains above 25,250. A pullback to 25,200 is possible for consolidation.Risks: A break below 25,200 could see a decline to 25,025 or lower, signaling a distribution phase. Monitor volume and DII/FII flows closely.
Confirmation: Sustained volume and a close above 25,250 will reinforce the bullish trend.
Anish Jagdish Parashar
indirect tax india research
Disclaimer: content above reflect views of the author; for trading and investment purposes consult your financial advisor.
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