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Posted on: Sunday, May 04, 2025
Year to date (2025), the Nifty is positive by almost 3%. Though small, this still means a lot, as too much negative news is currently hitting the markets.
However, this may happen over the next few months.
Note: This is my assertion – if you are following, please keep a trailing stop loss or a simple stop loss and target.
Nifty Support & Resistance Levels:
22,000.00 is a major support.
If Nifty breaks 25,000, then it may go up to 26,300 levels, breaking the all-time high.
Once it crosses 26,300, the support will move to 23,800 levels.
Bank Nifty Support & Resistance Levels:
Bank Nifty has outperformed the broader markets, led by the private banks. It is currently near its all-time high.
Bank Nifty key support will be at a 50-week average of 51,500 levels.
Its resistance will be at 57,700 levels.
Things to note:
The volatility will remain high. At the time of writing this post, India VIX is at 18.26 (EOD 2-May-2025) – an increase of +0.035 (0.19%) from the last close.
I expect it to remain high, at least above 15, until the Indo-Pak tension and tariff war prevail.
President Trump can say anything any day; therefore, more than average speculation trades will happen, taking the volatility and INDIA VIX to higher levels.
Keep an eye on the quarterly results. If a company’s performance comes out worse than expected, you can trade my stock futures with a hedge shorting strategy, which is there in my monthly income options course.
And of course, hedge all your options and futures trading; otherwise, you may lose a lot of money.
You can learn options and future hedging strategies in my conservative options hedging monthly income course.
You can see testimonials of my course here – what traders say about this course.
Contact me if interested in doing my course.
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