Short term - Technical Outlook

Nifty 50 continues to display short-term bearish momentum, with the index closing below 25,900, confirming a breakdown from the 26,000 consolidation zone. The formation of a large bearish candle reflects sustained corrective pressure. However, the broader weekly and monthly trend structure remains intact above 25,700, indicating a corrective phase rather than a structural breakdown. Immediate support is placed in the 25,800–25,700 zone, a key demand area where a hold could lead to a technical rebound. A decisive breach of this zone may accelerate downside toward 25,400–25,300.

On the upside, the 26,000 level now acts as immediate resistance, coinciding with the breakdown retest zone. This is followed by the 26,050–26,150 band near the 20-day EMA, which needs to be reclaimed to restore near-term stability. Momentum indicators remain under pressure, with RSI near 44 and trending lower, while MACD stays bearish with an expanding negative histogram. Short-term moving averages remain broken, reinforcing a neutral-to-bearish trade bias for the day with expectations of range-bound volatility.
 

Short term Research Report Call

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

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 26,000–25,800 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: 25950 | Targets: 26000, 26050, 26100 | Stop-loss: 26850
Sell Below: 25850 | Targets: 25800, 25750, 25700 | Stop-loss: 26000
 

Long term Chart

Indian equity markets are trading on a subdued to mildly cautious note in early trade, as participants balance supportive Asian cues against lingering global trade uncertainties. Asian markets are marginally positive ahead of key U.S. payroll data, helping maintain a steady risk tone rather than a full risk-off environment. However, concerns around potential U.S. trade measures against India linked to Russian oil imports continue to act as an overhang, restricting aggressive upside participation and keeping investor sentiment guarded.

Nifty 50

Nifty 50 is consolidating within its long-term rising channel after recent profit-booking. Despite near-term volatility, the index continues to hold a structurally positive setup, remaining above its 20-day EMA (26,045) and 50-day EMA (25,910). The broader pattern of higher highs and higher lows remains intact, supporting a neutral-to-bullish bias. The 25,800–25,900 zone continues to act as a reliable demand area, with dips attracting consistent buying interest. A decisive breakdown below 25,800 could open room for a deeper corrective move toward 25,500–25,600. On the upside, immediate resistance is placed at 26,100–26,200; a sustained move above this band could revive momentum toward 26,400–26,600.

Bank Nifty

Bank Nifty is showing a clear sell-on-rallies bias. The index is currently defending its rising trendline support near 59,500, but the inability to reclaim higher levels indicates persistent pressure from heavyweight banking stocks. The 59,000–59,500 zone remains a critical support band; a decisive breach could accelerate declines toward 58,700–58,500. On the upside, strong resistance is seen in the 60,000–60,500 region, where supply is likely to emerge on any recovery attempt.