Short term - Technical Outlook
Nifty 50 formed a bullish engulfing pattern on the daily chart, rebounding sharply from the 25,450 lows in the previous session and reclaiming key moving averages, indicating the possibility of further upside continuation. Immediate support is placed in the 25,550–25,500 zone, which coincides with the 100-day EMA and should act as a near-term cushion. On the upside, resistance is seen around 25,700–25,800, and a sustained close above this band is required to build further momentum toward the 25,900–26,000 zone, a psychological and supply area where call writing activity is likely to emerge. Momentum indicators are improving, with the RSI at 51 reflecting a neutral-to-bullish tone, while the MACD has turned positive, signaling strengthening momentum after the recent correction. Overall, the technical structure suggests a positive reversal setup with a mild upside bias, although elevated VIX levels warrant caution due to the likelihood of continued volatility.

Short term Research Report Call
Buy Above: 25750 | Targets: 25810, 25870, 25940 | Stop-loss: 25700
Sell Below: 25600 | Targets: 25550, 25500, 25450 | Stop-loss: 25650

Short term Chart

Long term - Technical Outlook

Nifty is trading in a range-bound to consolidation zone. On the higher side, 26,300-26,400 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 25,500–25,450 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 25,000 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: 25580, 25640, 25820 | Stop-loss: 25450
Sell Below: 25350 | Targets: 25280, 25200, 25120 | Stop-loss: 25400
 

Long term Chart 

The Indian equity market opened flat to marginally lower and trading within a narrow consolidation band as cautious sentiment prevailed amid weekly expiry volatility and mixed global cues. Persistent DII inflows continued to offer meaningful support, effectively offsetting intermittent FII outflows and limiting deeper downside risk, while domestic macro fundamentals remained stable and supportive. At the same time, elevated valuations and a subdued global risk environment capped upside momentum.

Nifty 50

Nifty 50 opened marginally lower near the 25,650 level and is currently trading in a consolidation phase. Immediate support is placed at 25,550–25,500, and a decisive break below this zone could expose the index to further downside toward 25,300. On the upside, near-term resistance is seen at 25,700–25,800, which needs to be reclaimed to sustain bullish continuation. A sustained move above 25,900–26,000 — a key psychological and supply zone — could trigger stronger upside momentum. The RSI, hovering around 49, reflects neutral momentum, while price action is oscillating around short-term EMAs following the recent reversal. Dip-buying interest may emerge near support levels, provided there is no aggressive selling pressure. Overall, today’s bias remains range-bound with a consolidation tone.

Bank Nifty

Bank Nifty opened on a mildly negative note around the 60,800 zone, mirroring the broader market tone. Immediate support is placed at 60,500–60,400, while key resistance stands near 61,000, marking the prior swing high. A decisive breakout above this level could accelerate momentum toward 61,500 and potentially fresh record highs. The RSI at 57 reflects a positive undertone, indicating sustained bullish momentum. As long as the index holds above 60,600, it remains well-positioned for a move toward the 61,000–61,500 zone. Overall, momentum indicators continue to favor the upside, with relative strength intact despite broader market caution.