Short term - Technical Outlook

Nifty 50 staged a strong V-shaped recovery in the previous session, rebounding from the 25,470–25,500 support zone, which coincides with the 100-DMA and prior demand levels. This bounce has eased immediate downside pressure and improved short-term sentiment. However, momentum indicators remain mixed RSI has stabilized from oversold territory, while MACD continues to stay in negative territory suggesting that confirmation of strength is still pending.

Immediate support is placed at 25,700–25,650. As long as this zone holds, the index may attempt to consolidate with a mild upward bias. On the upside, the 25,900–26,000 zone remains a critical hurdle, marked by heavy Call OI and prior supply. A decisive close above this band is required to extend the recovery toward 26,100 and higher. Failure to reclaim 26,000 may keep the index vulnerable to a sell-on-rise bias, while a breakdown below 25,650 could bring bears back into control. Weekly expiry-led volatility is likely to keep intraday swings elevated.
 

Short term Research Report Call

Buy Above: 25800 | Targets: 25850, 25900, 25950 | Stop-loss: 25700
Sell Below: 25600 | Targets: 25550, 25500, 25450 | Stop-loss: 25700

Short term Chart

Long term - Technical Outlook

Nifty continues to trade in a structural uptrend, supported by its position above major moving averages. On the higher side, 26,300-26,350 is emerging as a crucial resistance zone; a decisive breakout above this level could trigger further upside, opening the path toward 26,500 and potentially new lifetime highs. On the downside, strong support is identified in the 26,600–25,500 band, which is likely to act as a demand zone on pullbacks. However, a sustained breach of this support region may invite profit-booking and corrective pressure, dragging the index lower toward the 25,300 mark or even below. Overall, the technical setup favors the bulls as long as Nifty maintains strength above its support levels, with every dip presenting a buying opportunity until proven otherwise.

Long term Research Report Call
Buy Above: 25950 | Targets: 26000, 26050, 26100 | Stop-loss: 26850
Sell Below: 25850 | Targets: 25800, 25750, 25700 | Stop-loss: 26000
 

Long term Chart

Nifty 50 

The Nifty 50 staged a measured recovery with a gap-up opening after the recent corrective phase, but failed to sustain momentum as profit booking at higher levels pulled the index back into the red. The 50-day EMA at around 25,895 now acts as an immediate intraday resistance, and a sustained reclaim of this level will be critical to restore upside momentum. A decisive breakout above the 26,000 mark could open the door for a fresh rally toward 26,200–26,400. The broader price structure continues to reflect higher highs and higher lows within a rising channel, keeping the near-term bias neutral-to-bullish, despite intermittent volatility.
On the downside, the 25,650–25,800 zone remains a key support area, aligned with the 100-day EMA. While positive global cues and strong domestic flows could support further upside attempts, persistent FII selling and elevated volatility may cap sharp rallies, even as DII support and the structural uptrend limit deeper corrections.

Nifty Bank

Nifty Bank is maintaining a clear higher-high and higher-low structure within a rising channel following a strong multi-month rally. The index continues to hold above the rising trendline and the 20-day EMA near 59,500, with the 50-day EMA around 58,932 offering additional dynamic support. Recent pullbacks have consistently attracted buying interest, indicating that the current phase represents healthy consolidation rather than trend exhaustion. This setup continues to offer structured buy-on-dips opportunities within the broader uptrend. Banking sector resilience, supported by steady domestic inflows and expectations of rate stability, remains a key bullish driver.  
On the upside, a sustained breakout above 59,900 could accelerate gains toward 60,300–60,500 in the near term. On the downside, a decisive break below 59,400 may lead to a test of the 59,000–58,800 support zone, where fresh demand is expected to emerge.