Short term - Technical Outlook
Nifty’s short-term structure remains constructive but range-bound after breaking out of a minor falling channel. Immediate support is placed near 25,500, aligning with recent swing lows, while 25,800 acts as immediate resistance, coinciding with a heavy call-writing zone. A stronger resistance lies in the 25,900–26,000 band, marked by psychological significance and prior supply. Momentum indicators reflect a neutral-to-mildly positive bias, with RSI near 53 and MACD showing gradual improvement. A sustained move above 25,700 keeps the near-term bias mildly bullish, while a decisive breakout above 25,800 could strengthen upside momentum. A slip below 25,500 would warrant a more cautious stance.

Short term Research Report Call
Buy Above: 25700 | Targets: 25780, 25850, 25900 | Stop-loss: 25650
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 25,500–25,600 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: 25750 | Targets: 25800, 25850, 25900 | Stop-loss: 25600
Sell Below: 25600 | Targets: 25550, 25500, 25450 | Stop-loss: 25700
 

Long term Chart
 

Indian equity markets opened on a positive note, with benchmark indices trading higher in early trade, supported by firm cues from broader Asian markets and improving global trade sentiment.

Nifty 50

Nifty 50 opened with a gap-up near the 25,900 mark and is currently trading above all its major moving averages (20-, 50-, 100- and 200-day EMAs), reflecting a constructive technical setup. Sustaining above 25,700 keeps the broader structure positive, while any early dip below 25,650 could invite caution and trigger mild profit-booking or consolidation. Key support is placed in the 25,500–25,600 zone, where the 50- and 100-day EMAs converge. On the upside, 26,000 remains a strong psychological resistance, and a sustained breakout above this level could open the path toward fresh all-time highs. Momentum indicators are supportive, with RSI around 55 pointing to improving upside momentum and MACD gradually turning positive. Overall, the opening bias remains positive with a range-bound to upward tilt as long as 25,550–25,600 is defended.

Bank Nifty

Bank Nifty opened with a strong gap-up around the 60,850–60,900 zone, showing clear relative outperformance versus the broader market and trading comfortably above all its major moving averages. Immediate support is placed at 60,000–60,300, while a strong resistance zone is seen near 60,900–61,000. Momentum indicators remain firmly positive, with RSI around 60 signaling a bullish trend and MACD also in a positive configuration. The overall bias stays positive, and holding above 60,200 keeps the tone constructive for further upside.