Here's an analysis of the Nifty 50 on the 5m timeframe based on the last completed session (2026-07-09):
Bottom line
Neutral-negative bias, trading in a tight range with a downtrend structure on the 5m chart.
Structure & trend
The Nifty 50 is currently in a downtrend on the 5m chart, marked by lower highs and lower lows.
Price is trading below both its 5m SMA20 (24,019.6) and SMA50 (24,039.6), confirming the bearish short-term trend.
Momentum, as indicated by RSI14 at 41.0, is in the neutral-negative zone.
Key levels
Nearest support is observed at 23,925.7, followed by 23,805.2.
Nearest resistance levels are at 24,076.5 and 24,076.8.
The recent 5m window range has been between 23,805.2 and 24,261.5.
What to watch
A sustained move and hold above the 24,076.5 resistance level would be needed to shift the immediate bearish bias.
Conversely, a break and hold below the 23,925.7 support could open further downside towards 23,805.2.
Volume confirmation on any breakout or breakdown from these levels will be crucial.
Checkout the 1 Hour Timeframe Chart Below For More Clarification
Bottom line
Neutral-negative bias, trading in a tight range with a downtrend structure on the 5m chart.
Structure & trend
The Nifty 50 is currently in a downtrend on the 5m chart, marked by lower highs and lower lows.
Price is trading below both its 5m SMA20 (24,019.6) and SMA50 (24,039.6), confirming the bearish short-term trend.
Momentum, as indicated by RSI14 at 41.0, is in the neutral-negative zone.
Key levels
Nearest support is observed at 23,925.7, followed by 23,805.2.
Nearest resistance levels are at 24,076.5 and 24,076.8.
The recent 5m window range has been between 23,805.2 and 24,261.5.
What to watch
A sustained move and hold above the 24,076.5 resistance level would be needed to shift the immediate bearish bias.
Conversely, a break and hold below the 23,925.7 support could open further downside towards 23,805.2.
Volume confirmation on any breakout or breakdown from these levels will be crucial.
Checkout the 1 Hour Timeframe Chart Below For More Clarification
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.