Short term - Technical Outlook

Nifty is likely to open with a mildly positive to cautious bias, tracking supportive global cues while consolidating near the critical 25,800 base. The long-legged Doji formed in the previous session highlights indecision at this demand zone, making early price action around 25,800–25,750 crucial. This area also coincides with the 50-EMA near 25,767, reinforcing its importance as a key support. As long as this band holds, recovery attempts toward 25,900–25,950 remain possible, with the 20-day EMA around 25,930 acting as an immediate resistance and reaction zone. Heavy Call OI near 25,950 continues to cap upside, and only a sustained breakout above 26,000 would confirm a meaningful momentum shift toward 26,200. A decisive break below 25,800 could expose the index to a quick move toward 25,650. Overall momentum remains subdued, pointing to a range-bound session with a mild bearish bias.
 

Short term Research Report Call

BBuy Above: 25950 | Targets: 26140, 26200, 26250 | Stop-loss: 25900
Sell Below: 25700 | Targets: 25620, 25570, 25500 | Stop-loss: 25850

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 25,700–25,600 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 25,600 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: 26150 | Targets: 26230, 26300, 26350 | Stop-loss: 26000
Sell Below: 26900 | Targets: 26840, 26780, 25700 | Stop-loss: 26050
 

Long term Chart

Indian equities opened on a positive note amid broad-based buying across sectors, as lower-than-expected US inflation data revived expectations of further interest-rate cuts by the US Federal Reserve, triggering a global risk-on sentiment. Adding to the optimism, data showing FIIs turning net buyers of domestic equities on Thursday, along with a mild recovery in the Indian rupee against the US dollar, provided additional comfort to domestic investors and supported early market sentiment.  

Nifty 50

Nifty 50 opened with a gap-up move, trading above the previous session’s candle high, signalling a potential bounce-back and early trend reversal from the recent bottom. A sustained close above the 20-day EMA near 25,950 would strengthen bullish confirmation and open the path toward 26,000–26,200. The index continues to respect the previous day’s low and is holding above the 50-EMA near 25,770, which remains a crucial short-term support. As long as Nifty sustains above 25,800, the structure stays constructive. On the downside, a break below 25,800 could drag the index toward 25,650. Overall, the market remains in a consolidation phase within a broader uptrend, with a mildly cautious bias near resistance.

Bank Nifty

Bank Nifty opened steady and continues to trade within a rising channel structure. A decisive breakout above 59,200 would strengthen momentum and open upside targets toward the 59,500–59,800 resistance zone. The index continues to find strong support near the 58,900–58,800 region, where dip-buying interest remains visible. However, repeated rejections near lower intraday levels suggest consolidation may persist unless a clear breakout emerges. Relative strength in banking remains intact compared to the broader market.