Short term - Technical Outlook

Nifty closed the previous session with a long-legged doji, highlighting sharp intraday volatility and clear indecision after the recent sell-off. The broader structure still reflects a bearish bias with lower highs and lower lows, but the doji formation, combined with oversold readings, indicates the possibility of a short-term technical rebound. The index is currently trading just below its 200-day EMA near 25,160, while RSI near 28 signals selling exhaustion and scope for short-covering. Immediate support is placed in the 25,000–25,120 zone; a decisive break below this area could extend the decline toward 24,900–24,700. On the upside, 25,300 remains the first hurdle, followed by a stronger resistance band at 25,600–25,700, which marks the earlier consolidation region. Near-term action is likely to remain choppy and range-bound in the absence of supportive global cues.
 

Short term Research Report Call

Buy Above: 25200 | Targets: 25250, 25300, 25350 | Stop-loss: 25100
Sell Below: 25120 | Targets: 25050, 25000, 24950 | Stop-loss: 25200

Short term Chart

Long term - Technical Outlook

Nifty is trading in a broken rising channel, supported by its position above major moving averages (200- day ema). 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 25,000–24,900 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 24,800 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: 25700 | Targets: 25770, 25820, 25870 | Stop-loss: 25620
Sell Below: 25550 | Targets: 25500, 25450, 25400 | Stop-loss: 25700
 

Long term Chart

Indian markets opened choppy and weak this morning, with early volatility reflecting fragile global sentiment. Despite Gift Nifty indicating a muted-to-positive start, risk aversion dominates as US policy uncertainty, a stronger dollar, and persistent safe-haven demand continue to weigh on emerging markets. FIIs remain heavy sellers, while Q3 FY26 earnings have turned mixed, reviving concerns over growth moderation and margin pressure across IT, financials and others. The broader tone remains cautious to bearish, with investors clearly in preservation mode rather than risk accumulation.

NIFTY 50 

Nifty opened near 25,150 with an exhaustion gap down and is currently trading flat after yesterday’s sharp sell-off. The index remains technically weak, with immediate resistance placed at 25,400 and a decisive close above 25,600 required to signal any meaningful short-term recovery. On the downside, 25,000 continues to be the key psychological and structural support; a sustained break below this zone can accelerate the decline toward 24,800. While oversold conditions may trigger intermittent short-covering, the broader structure remains bearish. As long as Nifty trades below 25,600, rallies are likely to face selling pressure. Range activity between 25,100–25,600 is expected in the near term, but downside risks remain dominant if global cues deteriorate further.

BANK NIFTY 

Bank Nifty opened with a gap down near 59,100 and continues to display relatively weaker momentum compared to the broader market. Immediate support is located at 59,060–59,000, coinciding with the 50-day EMA. A decisive break below 59,000 could open the door toward 58,800–58,700, a zone that has historically acted as a strong demand area. On the upside, resistance is placed at 59,500–59,700. Only a sustained move above this band can ease immediate pressure. Until then, the index remains vulnerable to further downside, especially if Nifty weakens below key supports.