Short term - Technical Outlook
Nifty 50 has immediate support in the 25,450–25,400 zone, marking the previous swing low. Stronger downside protection is seen in the 25,250–25,000 band, which aligns closely with the 200-day EMA and serves as a major structural support. Momentum indicators continue to tilt negative, with volatility elevated and technical oscillators reflecting sell signals. The 25,550–25,600 zone now acts as immediate resistance, as earlier support has turned into resistance, further reinforced by the 50-day EMA near 25,677. A sustained move above 25,700–25,800 is required to stabilise the structure and potentially trigger a relief bounce toward the 26,000 mark, which remains a key supply zone with visible overhead call writing pressure.

Holding above 25,300 keeps the broader uptrend technically intact. However, a decisive break below this level could accelerate selling pressure and deepen the correction. RSI near 46 reflects neutral to slightly weak momentum, with no clear oversold signals yet. Near-term trading is likely within the 25,200–25,700 range. While a technical bounce cannot be ruled out after the recent sharp decline, any rally is likely to face selling pressure unless 25,800+ is reclaimed decisively.

Short term Research Report Call
Buy Above: 25500 | Targets: 25580, 25640, 25820 | Stop-loss: 25450
Sell Below: 25350 | Targets: 25280, 25200, 25120 | Stop-loss: 25400

Short term Chart

Long term - Technical Outlook

Nifty is trading in a range-bound to consolidation zone. 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: 25500 | Targets: 25580, 25640, 25820 | Stop-loss: 25450
Sell Below: 25350 | Targets: 25280, 25200, 25120 | Stop-loss: 25400
 

Long term Chart 

Indian markets opened lower on a cautious note, with sentiment primarily weighed down by continued weakness in the IT sector. Persistent selling in technology stocks driven by global concerns around AI-led disruption, automation risks to traditional software and services models, and reduced earnings visibility has pressured the broader indices.

Institutional flows appear to be rotating away from high-valuation tech names toward sectors offering relatively stronger earnings clarity, including financials, automobiles, capital goods, telecom, and pharmaceuticals. Overall, the market remains range-bound and choppy, with selective optimism in non-IT cyclicals; however, volatility is likely to stay elevated until clearer macroeconomic and global cues provide stronger directional conviction.

Nifty 50

Nifty 50 opened marginally lower and is currently consolidating above the 25,400 zone. Immediate support is placed at 25,400, and a decisive break below this level could accelerate the decline toward 25,200, which aligns with the 200-day EMA. The 25,000 mark remains a crucial psychological support. On the upside, near-term resistance is seen in the 25,500–25,600 zone, and the index needs to reclaim this band to restore positive momentum. The RSI around 48 indicates a bearish crossover, reflecting weakening momentum. While dip-buying may emerge near key supports if fresh selling pressure does not intensify, volatility is expected to stay elevated ahead of major triggers. Overall, the intraday bias remains mildly bearish to range-bound.

Bank Nifty

Bank Nifty opened flat to mildly lower around the 59,950 zone but quickly reclaimed the 60,000 psychological level. The index is currently consolidating within the familiar 60,000–60,300 range, indicating a pause after the recent move. Key support is placed in the 60,000–59,700 zone, and a decisive break below this band could invite fresh weakness. On the upside, resistance is seen at 60,500–60,800, with a breakout above this zone likely to trigger stronger upward momentum. The RSI near 55 reflects a neutral-to-bullish tone, suggesting momentum is cooling slightly but still holding above the midline. Overall, the bias remains neutral to mildly positive, with upside favored as long as the index sustains above the 60,000 mark.