Short term - Technical Outlook
Nifty 50 has decisively reclaimed and sustained above its key moving averages 20, 50, 100, and 200-day, indicating improving short-term strength and scope for gradual upside continuation. Immediate support is placed in the 25,600–25,550 zone, which coincides with recent swing pivots and serves as a crucial near-term base; holding above this range keeps the current structure constructive. On the upside, resistance is positioned around 25,750–25,800, and a sustained breakout above this band could accelerate momentum toward the 25,900–26,000 zone, where psychological resistance and call-writing interest may limit gains. Momentum indicators are showing signs of improvement, with RSI near 52 suggesting a neutral-to-bullish bias, while MACD has generated a positive crossover following the recent correction. Overall, the technical configuration reflects a positive reversal setup with mild upside potential in the near term.

Short term Research Report Call
Buy Above: 25800 | Targets: 25870, 25950, 26000 | Stop-loss: 25750
Sell Below: 25650 | Targets: 25570, 25500, 25450 | Stop-loss: 25700

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 25,500–25,450 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: 25800 | Targets: 25870, 25950, 26000 | Stop-loss: 25750
Sell Below: 25650 | Targets: 25570, 25500, 25450 | Stop-loss: 25700
 

Long term Chart 

Indian markets opened on a steady-to-mildly positive note, extending the recent rebound in early trade, supported by continued strength in banking and metal stocks. However, renewed selling pressure in IT counters following the prior session’s technical rebound is capping broader gains and weighing on overall index performance. The ongoing India AI Impact Summit is reinforcing structural optimism around AI, technology, and infrastructure themes, even as near-term caution persists in the IT space amid global AI disruption concerns.

Nifty 50

Nifty 50 opened steadily near the 25,760 mark, reflecting a firm undertone after two consecutive sessions of gains. Early trade suggests consolidation around the 25,750 zone as the index stabilizes just below immediate resistance at 25,800; a decisive breakout above this level is essential for fresh upside acceleration. On the higher side, 26,000 stands as a key psychological barrier, where visible call-writing activity may act as a supply zone.  Immediate support is placed at 25,600–25,550, closely aligned with the 100-day EMA and serving as a strong near-term cushion. Momentum indicators remain constructive, with RSI around 52 signaling a neutral-to-bullish bias, while MACD continues to hold a positive crossover from prior sessions. The formation of higher lows post-reversal reinforces short-term strength. Overall, the bias remains mildly positive yet range-bound, with dip-buying near support levels favored in the prevailing low-volatility environment.

Bank Nifty

Bank Nifty opened resiliently in the 61,250–61,300 zone, trading modestly higher and maintaining clear relative strength versus the broader market. Immediate support is seen near 60,900, with stronger demand expected around 60,600 on deeper pullbacks. On the upside, resistance lies in the 61,300–61,400 extension band; a decisive breakout above this zone could propel the index toward 61,800 and potentially fresh record highs. Momentum indicators remain firmly supportive, with RSI near 62 reflecting healthy bullish momentum. The ongoing pattern of higher highs and higher lows continues to validate strong buy signals. Overall bias remains positive and outperforming, with further upside favored as long as the index sustains above 61,000.