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Trading Plan: Can Nifty 50, Bank Nifty hold Friday's lows amid persistent bearish sentiment?

After a sharp down move, there may be a possibility of a rebound in the upcoming session, but sustainability is the key to watch. If the Nifty 50 holds 24,600 (previous day’s low), an uptrend toward 24,800–25,000 can be possible, but a decisive fall below it can open the door for 24,400, experts said.

September 29, 2025 / 01:40 IST
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Nifty Trading Plan for September 29

The bearish sentiment prevailed in the market, backed by weakness in technical and momentum indicators. After a sharp down move, there may be a possibility of a rebound in the upcoming session, but sustainability is the key to watch. If the Nifty 50 holds 24,600 (previous day’s low), an uptrend toward 24,800–25,000 can be possible, but a decisive fall below it can open the door for 24,400. Meanwhile, if the Bank Nifty defends the previous day’s low (54,300), the upward journey toward 54,700–55,000 can’t be ruled out, but breaking below it can drive down the banking index to 54,000 and 53,800, experts said.

On September 26, the Nifty 50 slipped 236 points (0.95 percent) to 24,655, while the Bank Nifty plunged 587 points (1.07 percent) to 54,389, with market breadth consistently favouring bears. About 2,337 shares were under pressure compared to 460 advancing shares on the NSE.

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Nifty Outlook and Strategy

Osho Krishan, Chief Manager - Technical & Derivative Research at Angel One