Short term - Technical Outlook
Nifty 50 continues to trade within a broader rectangle range of 25,500–26,300, with current price action holding in the upper half of this band. Immediate support is placed near 25,800, aligning with recent demand zones, while stronger support lies at 25,550–25,600, backed by the confluence of the 20-day and 100-day EMAs along with notable put writing. On the upside, 26,000 remains a key psychological resistance and a major call-writing zone. Momentum indicators point to a neutral-to-mildly bullish bias, with RSI near 58 and MACD in positive territory, though the contracting histogram indicates some cooling in momentum. As long as Nifty sustains above 25,800, the broader structure remains constructive. A decisive breakout and close above 26,000 could open the path toward 26,200–26,400. Conversely, a close below 25,800 may lead to further consolidation or a corrective move toward the 25,700–25,600 region.

Short term Research Report Call
Buy Above: 26000 | Targets: 26050, 26120, 26200 | Stop-loss: 25900
Sell Below: 25800 | Targets: 25750, 25670, 25600 | Stop-loss: 25900

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: 26000 | Targets: 26050, 26120, 26200 | Stop-loss: 25900
Sell Below: 25800 | Targets: 25750, 25670, 25600 | Stop-loss: 25900
 

Long term Chart
 

Indian benchmark indices began the session on a mildly positive note. The broader market structure remains constructive, with the primary uptrend intact as long as key support levels are held. However, early trade points to a consolidation-led session, with stock-specific activity likely to take precedence over aggressive index-wide momentum. India VIX remains contained, signalling subdued volatility and a broadly stable market undertone despite recent gains

Nifty 50

Nifty 50 opened marginally positive above the 25,900 zone but continues to face overhead supply near the psychological 26,000 mark. Momentum indicators remain largely neutral, suggesting trend continuity rather than acceleration. A decisive and sustained move above 26,000 would shift bias mildly bullish, opening upside potential toward 26,100–26,300, with an extended move possible toward 26,400+ on strong follow-through. On the downside, a slip below 25,900 may invite short-term consolidation or a minor pullback toward 25,800 support. As long as this zone holds, the broader structure remains constructive.

Bank Nifty

Bank Nifty opened slightly higher but continues to encounter repeated supply near the 60,800 resistance band. The broader bullish structure remains intact, though momentum has moderated. Immediate support is seen near 60,350, while the crucial 60,000–60,200 zone remains the structural base for maintaining a neutral-to-positive stance. RSI near 59 remains flat, and MACD reflects limited conviction, indicating consolidation rather than expansion. A sustained breakout above 60,800 is required to revive momentum toward 61,000 and higher levels. For the opening trade, the index is likely to remain sideways with selective strength in heavyweights determining direction.