Short term - Technical Outlook
The Nifty 50 is signaling renewed short-term pressure after its recent rebound lost momentum. Immediate support is placed around 25,300, a crucial demand zone near the recent swing lows; a decisive break below this level may intensify selling pressure toward 25,200–25,150. On the upside, resistance is seen in the 25,600–25,700 range, and only a sustained move above 25,800 could pave the way for a rally toward the psychological 26,000 mark. Momentum indicators remain subdued, with RSI hovering near 45 and MACD in negative territory, indicating the broader bias stays weak unless a strong breakout alters the current structure.

Short term Research Report Call
Buy Above: 25500 | Targets: 25570, 25640, 25720 | Stop-loss: 25450
Sell Below: 25300 | Targets: 25220, 25160, 25080 | Stop-loss: 25350

Short term Chart

Long term - Technical Outlook

Nifty is trading in a downtrend. On the higher side, 26,300-26,50 is emerging as a crucial resistance zone; a decisive breakout above this level could trigger further upside, opening the path toward 26,000 and potentially new lifetime highs. On the downside, strong support is identified in the 24,400–24,200 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 24,300 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: 25500 | Targets: 25570, 25640, 25720 | Stop-loss: 25450
Sell Below: 25300 | Targets: 25220, 25160, 25080 | Stop-loss: 25350
 

Long term Chart

The Indian stock market opened on a firm note, staging a recovery after Tuesday’s IT-led weakness and expiry-driven volatility. The rebound was supported by strength in Asian markets and an overnight recovery in US equities, along with sustained DII inflows that continue to provide a steady liquidity cushion. Intraday sentiment improved, with visible bargain hunting and broad-based buying, including a notable technical rebound in IT stocks. However, despite the stronger undertone, trading conditions remain range-bound and choppy, with volatility likely to persist until clearer global stability or fresh positive catalysts provide more decisive directional momentum.

Nifty 50

Nifty 50 opened mildly positive near 25,500 and is witnessing early consolidation in the opening hour. Immediate support is placed in the 25,400–25,300 zone, a crucial band defended in the previous session and aligned with the 200-day EMA; a breach below this range may expose 25,250 as the next cushion. On the upside, near-term resistance stands at 25,600–25,700, and a decisive breakout above this zone is required to trigger stronger upside momentum toward 25,800–26,000, which also represents a psychological and supply zone. Momentum indicators and overall price structure remain largely unchanged, keeping the short-term bias mildly positive as long as key supports hold.

Bank Nifty

Bank Nifty opened on a resilient note above 61,150, maintaining relative strength and holding firmly above its major EMAs. Strong support is positioned in the 60,900–60,600 zone, which continues to act as a key cushion on declines. Immediate resistance is placed at 61,400–61,500; a decisive and sustained move above 61,500 could open the path toward 61,800–62,000 or higher. Momentum indicators and price structure reflect a neutral-to-positive undertone, with upside favored if the index sustains above resistance. However, range-bound and choppy moves remain possible, and banking is likely to guide broader market direction. Traders should monitor support zones for dip-buying opportunities and resistance breakouts for stronger conviction.