📊 NIFTY 50 – Short Term Analysis (15M Chart)

Date: 8 Dec 2025 | Timeframe: 15 min | Index near 26,076

Price Action Summary

• Nifty recently bounced from the lower trendline support created by the rising channel structure.

• Price is currently trading above the blue ascending support line, indicating uptrend continuation potential.

• 26,110–26,120 zone (marked in pink line) is a short-term decision level.

• Sustaining above this region can lead to bullish continuation toward upper resistance zones.

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🚀 Bullish Scenario

If price sustains above 26,110, then upside levels to watch:

• 26,160–26,180 (first resistance zone)

• 26,240–26,260 (trend channel resistance)

• 26,320–26,380 (major target zone – aligns with upper channel & previous supply zone)

📌 Blue arrows on chart suggest the projected upward moves if breakout holds.

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🔻 Bearish / Risk Scenario

Failure to hold above ascending trendline could drag toward:

• 26,000

• 25,880–25,855 strong support (demand zone)
  If this breaks, deeper correction may follow.

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📍 RSI Analysis

• RSI formed a bullish divergence earlier and recovered.

• Currently sitting near mid-range (40–50 zone), which allows room for upside.

• A breakout above 55–60 RSI will confirm bullish momentum.

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🎯 Trading Plan (Non-Advice – for analysis only)

Bias	Above 26,110 bullish	Below 26,000 weak
Intraday opportunity	Buy-the-dip setup on trendline support	Short only below 26k

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Key Levels

Level	Role
26,110	Decision zone
26,160 / 26,240	Resistance
26,320 / 26,380	Target zone
26,000	Support
25,880–25,855	Major support

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🔮 Conclusion

Nifty is currently in a pullback within an uptrend, respecting structure.
As long as 26,000 support remains intact, probability favors bullish continuation toward 26,240–26,320.

https://in.tradingview.com/chart/NIFTY/DD35RUWe-NIFTY-50-Short-Term-Analysis-15M-Chart/