Short term - Technical Outlook

Nifty continues to reflect a clear sell-on-rise structure on the daily timeframe, with the index trading below its 20-, 50- and 100-day moving averages, confirming weak momentum across timeframes. Immediate resistance is placed at 25,500–25,600, while price is currently hovering just above the critical 200-day EMA near 25,163, which has acted as an important support zone in recent sessions. On the downside, 25,000 remains the key psychological level, followed by a stronger long-term support around 24,700, derived from the rising trendline connecting the June 2022 and March 2023 lows. The overall bias remains bearish, and a decisive break below 25,000 could open the door for further downside toward the 24,700 region. Although RSI readings indicate oversold conditions and scope for a short-term bounce, a meaningful recovery would require a sustained close above 25,600.
 

Short term Research Report Call

Buy Above: 25300 | Targets: 25350, 25400, 25450 | Stop-loss: 25200
Sell Below: 25160 | Targets: 25100, 25050, 25000 | Stop-loss: 25300

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 26,600–25,500 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 25,300 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 choppy and weak this morning, with early volatility reflecting fragile global sentiment. Despite Gift Nifty indicating a muted-to-positive start, risk aversion dominates as US policy uncertainty, a stronger dollar, and persistent safe-haven demand continue to weigh on emerging markets. FIIs remain heavy sellers, while Q3 FY26 earnings have turned mixed, reviving concerns over growth moderation and margin pressure across IT, financials and others. The broader tone remains cautious to bearish, with investors clearly in preservation mode rather than risk accumulation.

NIFTY 50 

Nifty opened near 25,150 with an exhaustion gap and is currently trading flat after yesterday’s sharp sell-off. The index remains technically weak, with immediate resistance placed at 25,400 and a decisive close above 25,600 required to signal any meaningful short-term recovery. On the downside, 25,000 continues to be the key psychological and structural support; a sustained break below this zone can accelerate the decline toward 24,800. While oversold conditions may trigger intermittent short-covering, the broader structure remains bearish. As long as Nifty trades below 25,600, rallies are likely to face selling pressure. Range activity between 25,100–25,600 is expected in the near term, but downside risks remain dominant if global cues deteriorate further.

BANK NIFTY 

Bank Nifty opened with a gap down near 59,100 and continues to display relatively weaker momentum compared to the broader market. Immediate support is located at 59,060–59,000, coinciding with the 50-day EMA. A decisive break below 59,000 could open the door toward 58,800–58,700, a zone that has historically acted as a strong demand area. On the upside, resistance is placed at 59,500–59,700. Only a sustained move above this band can ease immediate pressure. Until then, the index remains vulnerable to further downside, especially if Nifty weakens below key supports.