Short term - Technical Outlook
Nifty 50 remains range-bound with a mild positive bias. The 25,550–25,600 zone is a key support area, backed by the confluence of the 20- and 50-day EMAs and strong put writing, making it an important demand pocket. On the upside, 25,900 is the immediate resistance, followed by 26,000, which represents a psychological level and a major call-writing cluster. The MACD bullish crossover is intact, though the contracting histogram indicates moderating upside momentum. The near-term view stays neutral with a slight upward tilt, turning constructive only on a sustained breakout and acceptance above 25,900. A decisive move below 25,650 would shift the stance back to defensive. Volatility is likely to remain elevated as today is an expiry session.

Short term Research Report Call
Buy Above: 25900 | Targets: 25950, 26000, 26100 | Stop-loss: 25800
Sell Below: 25750 | Targets: 25670, 25600, 25520 | Stop-loss: 25800

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: 25900 | Targets: 25950, 26000, 26100 | Stop-loss: 25800
Sell Below: 25750 | Targets: 25670, 25600, 25520 | Stop-loss: 25800
 

Long term Chart
 

Indian equity markets opened on a mildly positive note and are trading with a cautiously optimistic bias. Global cues remain mixed but stable, with Asian markets largely flat to mildly higher and no immediate negative triggers emerging. Overall, the setup suggests a range-bound to mildly positive tone, with sentiment continuing to hinge on FII flows, global risk appetite and any fresh developments on trade or geopolitical fronts.

Nifty 50

Nifty 50 opened with a mild exhaustion gap-up above the 25,900 mark, breaking past a repeatedly tested resistance zone; however, sustainability above this level remains key. Immediate support is placed near 25,800, which marks the earlier consolidation area, while the major demand zone lies at 25,500–25,600, supported by the confluence of the 20 and 100 EMA, heavy put writing, and the prior swing low. On the upside, 26,000 continues to act as a major hurdle due to its psychological significance and strong call OI concentration. RSI near 57 is gradually firming up, and MACD continues to improve, indicating strengthening momentum. As long as Nifty holds above 25,700, the structure remains constructive, with the overall bias staying flat to mildly positive.

Bank Nifty

Bank Nifty opened with a strong gap-up in the 60,700–60,800 range, continuing to outperform the broader market. The index is trading well above all key moving averages, reflecting a strong bullish structure. Immediate support is seen at 60,500, while failure to sustain at higher levels could lead to range-bound movement or mild profit booking. The key demand zone remains near the 60,000 psychological level. On the upside, the 60,800–61,000 zone acts as a strong resistance band, and a decisive breakout above this range could open the door for further upside toward 61,500. Momentum indicators remain favourable, with RSI around 61, indicating healthy bullish momentum without entering overbought territory. Price action continues to show buyers stepping in on declines.