I believe that the Nifty 50 is tired after a consistent major rally of previous 3 days. Trend is positive. Traders and investors may take cautious steps. They may wait for a dip and for a good technically support level.
Nifty 50 action on 17th October 2025
opening - 25546.85
day range - 25508.60 - 25781.50
Closing - 25709.85
Support
25552
25394
25278
Resistance
25826
25941
26098
Reversal Point
25434
Technicals
Candle stick - Long bullish candle - Bullish
MACD - trending northward with rising histogram-bullish
Overall - Bullish
Nifty 50 action on 17th October 2025
opening - 25546.85
day range - 25508.60 - 25781.50
Closing - 25709.85
Support
25552
25394
25278
Resistance
25826
25941
26098
Reversal Point
25434
Technicals
Candle stick - Long bullish candle - Bullish
MACD - trending northward with rising histogram-bullish
Overall - Bullish