NIFTY 50 may rise to 25735.00 - 26308.00

Our pivot point is at 23252.00.

Our preference

The upside prevails as long as 23252 is support.

Alternative scenario

Below 23252, expect 22287 and 21713.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. NIFTY 50 Index is trading above both its 20 and 50 period moving average (respectively at 23396.40 and 22841.90).

Supports and resistances

26885.00 **

26308.00 *

25735.00 **

25161.00

24010.60 last

23631.00

23252.00 **

22287.00 *

21713.00 **

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