đ NIFTY 50 – DAILY MARKET REPORT 2nd May 2025
đ NIFTY 50 – DAILY MARKET REPORT Date : 2nd May 2025 Index Close : ₹24,346.70 Net Change : +₹12.50 (+0.05%) Volume : 421.11M (Daily), 32.49M (2H Chart) đ 1. Price Action Overview The Nifty 50 continues to hold firm after a powerful rally from March lows (~₹21,300) to recent highs near ₹24,600+. On both 2-hour and daily charts , the index remains firmly in bullish territory , though it's currently in a pause/consolidation phase near resistance. đ 2. Moving Averages (EMA Structure) EMA Type 2-Hour Timeframe Daily Timeframe Interpretation EMA 20 ₹24,269.99 ₹23,783.09 Immediate support on both charts. EMA 50 ₹23,992.06 ₹23,440.24 Short-term trend bullish. EMA 100 ₹23,662.79 ₹23,476.96 Medium-term support zone. EMA 200 ₹23,432.17 ₹23,442.54 Long-term trend confirmation. All EMAs are aligned bullishly. 2-hour chart shows strong short-term trend continuation. Daily chart hints at a medium-term breakout in play, with possib...