Recap of Tuesday, 23 September 2025
The Nifty 50 index ended marginally lower on Tuesday, reflecting cautious trading and consolidation ahead of key global cues.
- Closing Level: 25,169.50 (down 32.85 points or 0.13%)
- Opening Level: 25,209.00
- Day’s Range: High – 25,261.90 | Low – 25,084.65
- Market Breadth: 31 decliners vs. 19 gainers
- Turnover: ₹31,435 crore (~2.99 billion shares traded)
The Nifty managed to hold the 25,150 support level but faced selling pressure near 25,260, suggesting a range-bound and wait-and-watch approach from investors.
Nifty Outlook for Wednesday, 24 September 2025
The technical setup for Nifty suggests range-bound action with a bearish bias unless global triggers provide fresh momentum.
- Immediate Resistance Zone: 25,250 – 25,330
- Immediate Support Zone: 25,100 – 25,130
- Trend Decider Level: 25,200
If Nifty sustains above 25,200, we may see a test of 25,250–25,330 levels. However, if the index slips below 25,200, further downside towards 25,050–25,020 cannot be ruled out.
Key global events such as the Dow Jones futures movement, Fed Chair Powell’s speech, and the ongoing H-1B visa developments will play a crucial role in intraday sentiment.
Option Chain Data Analysis (As of 23 September 2025)
| Strike Price | Highest OI | Interpretation |
|---|---|---|
| 25,000 (Put OI) | Strong Support | Put writers building positions indicate a cushion near 25,000 |
| 25,500 (Call OI) | Strong Resistance | Call writers suggest heavy supply pressure near 25,500 |
| PCR (Put-Call Ratio) | 0.85 | Indicates slight bearish sentiment |
This data reflects that 25,000 is a strong support while 25,500 remains a ceiling for the index.
Nifty Intraday Levels for Wednesday (24 September 2025)
| Type | Levels |
|---|---|
| Support 1 | 25,100 – 25,130 |
| Support 2 | 25,020 – 25,050 |
| Resistance 1 | 25,250 |
| Resistance 2 | 25,330 |
Conclusion
Nifty is expected to remain volatile and range-bound on Wednesday with 25,000 as a strong support and 25,330 as a critical resistance. Sustaining above 25,200 is key for a short-term upmove, while a break below it may drag the index lower towards 25,020. Traders are advised to remain cautious and track global cues actively.
Disclaimer
This article is purely for educational and informational purposes only. The analysis, levels, and views presented here are based on technical and derivative data and should not be considered as investment or trading advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any trading or investment decisions.
