What are the current support and resistance levels for Nifty50?

Currently, the Nifty 50 index is experiencing a period of consolidation, with mixed signals from technical indicators suggesting a cautious approach for investors.

1. **Support Levels**: The immediate support for the Nifty 50 index is seen at the 24,800 mark, which is considered a critical level that, if breached, could invite a sharper slide. However, there is a strong support level at 25,200, which has thus far held the index in a bullish manner.
2. **Resistance Levels**: The index is facing resistance at the 25,700–25,900 zone, which has been identified as an immediate resistance area. A decisive breakout above this range could pave the way for a new leg higher, potentially towards the 26,000 mark.
3. **Recent Performance**: The Nifty 50 has been performing well in the first half of the calendar year 2025, despite global turmoil and weak earnings reports. The index has managed to absorb most of the negative news, such as wars, geopolitics, and tariffs, and has benefited from global liquidity rises.

In conclusion, the current support and resistance levels for the Nifty 50 index suggest a narrow trading range with potential for upward movement, provided there is a decisive breakout above the immediate resistance zone. However, investors should monitor the index's performance closely, especially the ability to hold above the 25,700–25,900 zone, as this will be a key indicator of its potential for further gains.