Short term - Technical Outlook

The Nifty 50 index continues to hold firmly above the crucial 26,000 level, preserving short-term stability. Immediate support is placed at 26,000–26,050, aligning with the 20-day EMA and recent higher lows. As long as this zone holds, dip-buying interest is likely to emerge. On the upside, 26,200–26,300 remains a key resistance corridor. A decisive and sustained move above this band could revive upside momentum and open the path toward 26,500. On the downside, a break below 25,900 may invite a deeper pullback toward the 25,800 demand zone. Momentum indicators remain supportive. MACD is showing early signs of bullish convergence, while price action continues to respect higher supports, keeping the intraday bias neutral to mildly positive.
 

Short term Research Report Call

Buy Above: 26200 | Targets: 26250, 26300, 26350 | Stop-loss: 26100
Sell Below: 26000 | Targets: 25950, 25880, 25820 | Stop-loss: 26100

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 26,000–25,800 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 25,600 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: 26200 | Targets: 26260, 26300, 26350 | Stop-loss: 26000
Sell Below: 25900 | Targets: 25840, 25780, 25500 | Stop-loss: 26050
 

Long term Chart

Nifty 50

Nifty 50 opened on a steady footing and briefly tested its immediate resistance near 26,220. However, a sustained move above 26,250 is essential to confirm fresh strength. The index is currently trading near the upper end of its short-term consolidation range, keeping the 26,200–26,300 resistance zone in sharp focus. A convincing breakout above this band could revive upside momentum and open the door toward 26,350–26,400 in the near term. On the downside, 26,100–26,050 continues to act as a strong support zone, reinforced by the 20-day EMA and a sequence of higher lows. Holding above this area would preserve the constructive setup and encourage dip-buying interest.

Momentum indicators are gradually improving, with the RSI moving toward the 55–60 zone and the MACD showing early signs of bullish convergence, indicating that selling pressure is easing and momentum is rebuilding.
 

Bank Nifty

Bank Nifty is displaying clear relative strength at the open, having breached the psychological 60,000 level, signalling improved near-term momentum. This breakout keeps the 60,500–61,000 zone in focus, where a sustained move would be required to unlock further upside and potentially mark fresh all-time highs.

On the downside, 59,500–59,200 remains a critical support band, aligned with the rising trendline and prior accumulation zones. As long as this area is defended, the broader structure remains intact. Momentum indicators suggest consolidation with a positive bias, indicating that declines are likely to attract buying interest. Overall, Bank Nifty carries a neutral-to-mildly bullish undertone, with a trading range expected between 59,400 and 60,000, unless stronger banking-led flows trigger a decisive expansion in range, providing rotational support to the broader market.