Nifty May 2025 Monthly Futures – Key Levels for the 1st Week

📅 By Raghav on 1-5-2025

Hello everyone!
Here are the key Nifty May Futures levels to watch out for this week:

🔵 Support Zones (where buying interest might emerge):

24,107 – 24,117:
Important demand zone. Price bounced here before — keep an eye if Nifty retests it.

24,346 – 24,356:
Recent reaction zone. Buyers might step in again around this range.

24,389 – 24,400:
Immediate support zone. Price paused here earlier—watch for any reversal signs.

🔴 Resistance Zones (where sellers may become active):

24,462 – 24,471:
Sellers were aggressive here earlier. If price moves up, it could face pressure here again.

24,538 – 24,545:
Strong resistance at the top. Price failed to break through this range earlier.

🧠 Market Structure Brief:

Nifty broke below consolidation support with strong red candles.
Short-term momentum is weak. Bulls must defend the 24,107 zone to avoid deeper correction.
Only a sustained move above 24,471 might invite bullish momentum.

🔔 Key Points to Remember:

Avoid aggressive longs near 24,462–24,545.

Look for price action support near 24,107–24,117 before planning buy entries.

Stay light in position sizing during volatile conditions.

📜 Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered advisor.