Short term - Technical Outlook

Nifty remains in a narrow consolidation range with a mild positive bias, holding firmly above its key support zone. Immediate support is placed at 25,120–25,160; a decisive break below 25,000 could expose the index to 24,900–24,700 levels. On the upside, 25,400 is the first resistance, followed by a stronger supply cluster at 25,600–25,700. Momentum indicators are improving, with the daily MACD turning positive and the histogram expanding, reflecting strengthening upside traction. The index may remain range-bound between 25,300–25,500 in the near term, with intermittent volatility. Overall bias stays mildly bullish, with scope for a gradual move toward 25,600 as long as Nifty sustains above 25,300 and holds its 200-DMA support.
 

Short term Research Report Call

Buy Above: 25400 | Targets: 25500, 25600, 25700 | Stop-loss: 25300
Sell Below: 25200 | Targets: 25100, 25000, 24900 | Stop-loss: 25300

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 flat to mildly positive today, with the recovery from the past two sessions continuing at a measured and subdued pace, reflecting cautious optimism. Overall sentiment remains selective and range-bound, while mid- and small-cap stocks continue to show relative strength. Asian markets are mostly higher and U.S. futures are marginally positive, offering supportive global cues. Meanwhile, easing pressure on the rupee has helped temper immediate imported inflation concerns, although the currency remains sensitive to FII flow dynamics.

Nifty 50

Nifty 50 opened flat around 25,350 and is currently consolidating near the previous close, indicating a pause after the recent rebound. Strong support lies at 25,160–25,000, which remains a crucial base; a decisive break below 25,160 could drag the index toward 25,000–24,900. Immediate resistance is placed at 25,450–25,500, while a sustained breakout above 25,600 may open the door for an advance toward 25,800–25,900. The intraday outlook stays cautious to mildly positive, with downside risk limited unless 25,100 is breached convincingly. A positive MACD crossover and continued trade above the 200-DMA support the case for short-term rally continuation.

Bank Nifty

Bank Nifty has opened on a steady note, broadly mirroring Nifty, and sustaining above 59,000 remains crucial to maintain near-term momentum. This level also coincides with the 50-day EMA, reinforcing it as a key psychological and technical support. Strong support is placed at 58,800–58,500, which forms the critical base; a break below 58,800 could expose the index to 58,500–58,300. On the upside, immediate resistance is seen at 59,600–59,700. The outlook remains mildly bullish, with clear breakout potential if Bank Nifty decisively clears 59,700, opening room for a move toward 60,000. Holding above 59,000 continues to favor upside momentum.