Short term - Technical Outlook
Nifty 50 remains locked in a consolidation phase after repeated failures to sustain above the 25,800 zone, highlighting selling pressure and profit-booking at elevated levels. The 25,600–25,500 band, which coincides with recent swing lows and the 20- and 100-day EMAs, is acting as a crucial support zone. On the upside, strong resistance persists at 25,800–25,900, with the psychological 26,000 level acting as a higher hurdle. RSI near 51 reflects neutral momentum but with a gradual downward drift, indicating some loss of strength. A sustained move above 25,800 would help preserve the broader bullish structure and open the door for a retest of recent highs. Conversely, a decisive break below 25,500 could trigger a deeper corrective move toward the 25,000 region. For today, the bias remains range-bound with a mild negative tilt if 25,600 is breached decisively.

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

Short term Chart

Long term - Technical Outlook

Nifty is trading in a downtrend. 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 flat and cautious note, extending the ongoing consolidation phase as mixed global cues and the RBI Monetary Policy Committee (MPC) decision expected shortly kept investors firmly in a wait-and-watch mode. IT stocks continue to weigh on sentiment, reflecting persistent headwinds in global technology markets amid AI-led disruptions and a broader risk-off tone in U.S. tech. On the positive side, the rupee has shown mild recovery from recent lows, aided by easing corporate dollar demand. Despite the lack of broad-based momentum, underlying resilience is visible, with select banking stocks and a few heavyweight names holding firm.

Nifty 50

Nifty 50 opened marginally lower and is currently hovering near the critical 25,600 zone, which marks the previous consolidation swing low. Immediate support is placed at 25,550–25,450, aligning with the 20- and 100-day EMAs. On the upside, strong resistance is seen in the 25,750–25,850 band, a well-defined supply zone. A sustained hold above 25,600 would help stabilize near-term sentiment, while a decisive break below this level could open the door for a deeper corrective move toward the 25,350–25,200 demand zone. RSI remains near the neutral 50 mark, reflecting indecision, with price action pointing toward continued range-bound consolidation.

Bank Nifty

Bank Nifty opened flat near the 60,000 psychological level and continues to trade within a tight 59,800–60,300 consolidation band. As long as the 59,800–59,500 zone, aligned with the 20-day EMA, holds, the near-term bias remains neutral. Immediate resistance is placed at 60,400–60,500, where a decisive breakout could trigger fresh buying interest. RSI remains flat, indicating the absence of strong directional momentum. Bank Nifty is expected to stay relatively resilient versus the broader market, though rate-sensitive stocks could see sharper moves post the RBI policy announcement.