Short term - Technical Outlook

The Nifty 50 continues to trade in a narrow consolidation range, with 26,000 remaining a crucial psychological and technical support. A decisive break below this level could lead to a mild corrective move towards the 25,900–25,800 zone, which aligns with recent swing lows and the 50-day moving average. On the upside, 26,160 is the immediate resistance, while the 26,250–26,300 zone remains a strong supply area. Only a sustained close above 26,300 would indicate a meaningful breakout and open the path towards 26,500 in the sessions ahead. Until then, the index is expected to remain range-bound with limited follow-through.
 

Short term Research Report Call

Buy Above: 26150 | Targets: 26200, 26260, 26330 | Stop-loss: 26000
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 25,800–25,700 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

Indian equity markets opened on a cautious, largely flat note as thin year-end liquidity and muted global cues kept risk appetite restrained. With key triggers such as the IIP data release and the upcoming F&O monthly expiry in focus, investors are adopting a selective approach, reinforcing a near-term range-bound bias across the market.  

The Nifty 50 is consolidating in the 26,000–26,100 zone after a mild pullback from recent highs. The broader structure remains positive, with the long-term trend of higher highs and higher lows still intact. As long as the index holds above 26,100, the short-term bias stays constructive, with upside potential toward the 26,200–26,300 resistance band. On the downside, 26,000 remains a crucial support level, closely aligned with the 20-day EMA near 26,000. A clear break below 26,000 could lead to short-term selling pressure toward 25,950, though the broader trend continues to favour consolidation rather than a breakdown.

Bank Nifty is trading near the 59,000–59,150 zone and continues to show relative stability, though it is slightly lagging the broader market due to rate-sensitive concerns. The index is consolidating around its 20-day EMA near 59,112, with intraday dips being bought quickly. The 59,000 level is acting as a key pivot for the day. Resistance is placed at 59,200–59,500, while strong support lies in the 58,900–58,700 range. As long as Bank Nifty holds above 58,800, the medium-term outlook remains positive. However, a sustained move below 59,000 could trigger short-term selling pressure toward 58,900, making this level important to monitor.