Short term - Technical Outlook

Nifty 50 is nearing a critical support band at 25,600–25,650, coinciding with the 100-day EMA, making this an important level for bulls to defend. A decisive breakdown below this zone could accelerate selling pressure toward the previous swing high turned support near 25,430 (September 30, 2025), followed by the next key support at 25,144. On the upside, immediate resistance is seen at 25,730–25,800, with a stronger supply zone placed at 25,900–26,000. A sustained close above 25,950 would be required to signal short-term relief and stabilize price action. Momentum indicators remain weak. RSI has slipped to around 39, approaching oversold territory but still reflecting bearish momentum, while MACD has turned negative with a declining histogram, confirming downside bias. Overall, the structure remains bearish to strongly bearish, with any rebound likely to encounter selling pressure unless higher resistance levels are reclaimed convincingly.
 

Short term Research Report Call

Buy Above: 25800 | Targets: 25850, 25900, 25950 | Stop-loss: 25700
Sell Below: 25600 | Targets: 25550, 25500, 25450 | Stop-loss: 25700

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: 25950 | Targets: 26000, 26050, 26100 | Stop-loss: 26850
Sell Below: 25850 | Targets: 25800, 25750, 25700 | Stop-loss: 26000
 

Long term Chart

Indian equity markets opened on a bearish note, extending the cautious tone of the past week as global cues remained mixed. Geopolitical uncertainties, tariff-related concerns, and sustained FII selling continued to weigh on sentiment. Rising civilian unrest in Iran and growing speculation over potential U.S. military involvement raising the risk of a broader regional conflict in the Middle East, have further dampened risk appetite, triggering defensive positioning.\Investor focus is also shifting to the Q3 earnings season, with major IT names such as TCS and HCL Technologies set to announce results, outcomes that could play a key role in shaping near-term market direction.
 

Nifty 50

Nifty 50 slipped into the red early in the session, breaking below the previous day’s low and forming a lower low, reinforcing the short-term bearish structure. The index is gradually drifting toward key downside reference levels at 25,444, corresponding to the 18 September 2025 swing high, followed by 25,140, the 21 August 2025 previous swing high, which now act as important downside checkpoints. Technically, Nifty has broken multiple short-term supports and is currently hovering near the 100-day EMA zone at 25,600–25,550, which serves as immediate support. Momentum indicators remain weak, with RSI nearing oversold territory around 35 and MACD firmly in negative territory, indicating sustained bearish control. Early selling pressure suggests scope for further consolidation or mild downside, with a decisive close below 25,500 likely opening the path toward 25,444–25,140.

On the upside, immediate resistance is placed at 25,700–25,750, followed by a stronger supply zone at 25,800–25,900. Overall, the outlook remains bearish to range-bound with a downward bias. While a move above 25,750 could trigger short-covering, meaningful upside appears limited unless broader sentiment improves materially.

Bank Nifty

Bank Nifty opened on a flat note but gradually edged lower, mirroring the cautious tone in the broader market. The index continues to trade below its 20-day EMA and is hovering near the 50-day EMA around 59,850–59,900, indicating ongoing weakness. Last week’s bearish candle formations, combined with an RSI slipping below the neutral mark, continue to signal a lack of momentum. The absence of leadership from heavyweight banking stocks is adding to overall market pressure. Immediate support is seen at 59,000–58,850, and a decisive breakdown below this zone could pave the way toward 58,700–58,600, which coincides with a key horizontal support level. On the upside, resistance remains capped at 59,400–59,500.

The outlook for Bank Nifty remains weak with a downside bias. While temporary consolidation around the 59,000 zone is possible, a sustained breach below this level could accelerate selling momentum.