Short term - Technical Outlook

Nifty 50 continues to defend the rising channel support with remarkable precision. Yesterday’s sharp reversal from 25,693 exactly near the ascending trendline and the 50-EMA at 25,735–25,750—highlighted strong demand at lower levels. The index closed near 25,901 and is once again testing the 20-EMA around 25,950. A sustained move above 25,950–26,000 is essential to unlock the next leg toward 26,150–26,250, while 25,735–25,700 remains the make-or-break support.

OI positioning for the Nifty 50 continues to reflect a tightly contested battlefield. Heavy call writing at the 25,950–26,000 zone is restricting upside momentum, while put writers are firmly defending the 25,700–25,800 levels. With cumulative OI standing at 16 crore Calls versus 14.76 crore Puts, the index remains in a clear tug-of-war zone. However, late-session additions in put options point to a gradual improvement in intraday sentiment. 

Overall, Nifty 50 have protected the structural supports, and global cues have turned moderately favourable. A sustained breakout above 26,000 could trigger short-covering and extend the rally; however, rupee weakness and concentrated call OI at higher levels may continue to keep volatility elevated.

Short term Research Report Call

Buy Above: 25950 | Targets: 26000, 26100, 26200 | Stop-loss: 25850
Sell Below: 25700 | Targets: 25640, 25580, 25500 | Stop-loss: 25800

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

Domestic markets opened with a strong bullish gap-up, confirming the momentum shift that began yesterday after all major indices retested their rising channel supports. Yesterday’s reversal candle has now received full follow-through, and today’s gap-up clearly shows buyers reclaiming control of the trend. Despite ongoing macro uncertainty and persistent rupee weakness, the price structure across Nifty, Bank Nifty and Sensex indicates that the broader uptrend remains intact and highly responsive at key technical levels.

Nifty opened firmly above 26,000 after defending the rising channel base for three consecutive sessions. Yesterday’s bounce from the lower trendline and the 50-EMA has now been validated with a clean gap-up, turning market psychology strongly upward. The index is now pushing toward the immediate upside zone between 26,150 and 26,200, where the upper channel resistance aligns. As long as Nifty holds above 25,900 on intraday dips, the structure remains strongly constructive with clear room for continuation. A decisive breakout above 26,200 will signal the start of a fresh upward leg in the trend.

Bank Nifty also opened higher, reclaiming the short-term moving averages it slipped below earlier in the week. The charts show a precise bounce from the rising channel support near 58,900, and the index is now attempting to break above 59,500 , The morning gap-up reflects buyers stepping back in. A sustained move above 59,700 can open the path toward 60,000, restoring leadership from the banking index. Support remains firm at 59,000 and 58,900.

Sensex continues to mirror Nifty’s strength. After a clean retest of the rising channel support and a strong recovery candle yesterday, today’s gap-up confirms firm follow-through. The index has now broken above 85,100 and is trading above the 20-EMA with momentum building toward 85,350 and 86,000, which form the next supply zones. As long as Sensex holds above 84,900, the bullish structure stays intact and any pullback is likely to attract fresh demand.