NIFTY 50 Technical Analysis: Insights for October 23, 2025

Introduction

At 09:43 PM IST on Thursday, October 23, 2025, the NIFTY 50 index stands at 25,841.25 with a slight decline of -0.03%. This technical analysis delves into key indicators, including moving averages, trend lines, Smart Money Concepts (SMC), and candlestick patterns, to guide your trading decisions effectively.

Key Technical Insights

• Current Price: 25,841.25 (NSE)
• EMA 9: 25,864.22 (close SMA 9)
• EMA 15: 25,865.93 (close SMA 15)
• EMA 100: 25,882.96 (close SMA 100)

The chart reveals an upward trend with a recent pullback, supported by ascending trend lines and key moving averages. A green upward arrow hints at a potential bullish reversal, while a red downward arrow suggests a short-term correction.

Chart Analysis

The NIFTY 50 chart integrates traditional technicals with SMC and candlestick patterns:

• Resistance Levels: Around 25,960.00 and 25,986.53, where selling pressure may intensify.
• Support Levels: Near 25,820.00 and 25,760.00, acting as potential buying zones.
• Moving Averages: EMA 9 and EMA 15 align closely, reflecting short-term momentum, while EMA 100 offers a broader trend view.
• Smart Money Concepts (SMC):
  • Order Block: A bullish order block is visible around 25,820.00, where institutional buying may have occurred.
  • Liquidity Zone: The area below 25,760.00 represents a liquidity grab zone, often targeted by smart money to trigger stop-losses.
  • Market Structure: The shift from a lower high to a higher low near 25,860.00 indicates a potential bullish structure shift.
• Candlestick Patterns:
  • Doji: A recent Doji candle near 25,841.25 suggests indecision, hinting at a possible reversal or continuation.
  • Bullish Engulfing: A Bullish Engulfing pattern may form if the next candle closes above 25,860.00, confirming bullish momentum.

The price is testing the middle trend line, with the recent candlestick showing indecision. A breakout above 25,960.00 with high volume could signal a strong bullish move, while a drop below 25,820.00 might indicate bearish pressure.

Trading Strategies

1. Bullish Scenario: Enter a long position if a Bullish Engulfing pattern forms above 25,860.00 with confirmation from the order block at 25,820.00. Target 25,986.53, with a stop loss below 25,800.00.
2. Bearish Scenario: Initiate a short position if the price breaks below 25,820.00, targeting the liquidity zone at 25,760.00. Set a stop loss above 25,860.00.
3. Risk Management: Maintain a stop loss 0.5% below entry and take profits at key SMC levels or candlestick confirmation points.

Conclusion

As of 09:43 PM IST on October 23, 2025, the NIFTY 50 is at a pivotal point. Monitoring the 25,820.00 support (order block), 25,960.00 resistance, and candlestick patterns like Doji or Bullish Engulfing will be crucial. Combine these SMC and technical insights with your trading plan for optimal results!