The Bank Nifty showed signs of a healthy trend, supported by favourable technical indicators, and is on the verge of a breakout above the falling resistance trendline. If it manages to sustain above this trendline, a rally toward 57,400, followed by the record high of 57,628, is possible. However, the 57,000–56,800 zone is expected to act as a key support.
As long as the Nifty 50 remains below 25,250, consolidation may continue, with 25,100–25,000 acting as the support zone. However, if it manages to close strongly above these levels, 25,400 becomes the immediate resistance (23.6% retracement), followed by 25,550, according to experts.
The upward journey amid rangebound trading is expected to continue if the market defends the previous day's low. Below are some short-term trading ideas to consider.
According to weekly options data, the Nifty 50 is likely to trade in the 25,000–25,500 range in the short term, with a decisive move on either side likely to determine the next directional trend.
If the Nifty 50 holds above 25,250-25,300 zone, the next target would be around 25,500. However, trading below these moving averages could lead to continued consolidation, with 25,000 acting as a key support.
According to experts, if the Nifty 50 reclaims and holds the 25,250–25,300 zone (corresponding to the 20-day and 10-day EMAs), an upward move toward 25,400–25,500 is possible. On the downside, 25,000 is expected to act as a key support zone.
The market needs to reclaim and sustain above the 20-day EMA to witness a further northward journey in the upcoming sessions. Below are some short-term trading ideas to consider.
India VIX fell sharply after a couple of days of upward movement, closing at 11.48 (the lowest closing level since April 26, 2024), down 4.17 percent. This decline brings more stability and confidence to the market.
The market may see further consolidation with a negative bias if it breaks Monday’s low in the upcoming sessions. Below are some short-term trading ideas to consider.
Overall, the short-term trend remains consolidative until the Nifty 50 gives a strong close above 25,500. In the upcoming sessions, if it rebounds, the 25,100–25,200 zone can act as a hurdle. However, below 25,000, bears may drag the index down toward 24,900–24,800.
As long as the Nifty 50 holds 25,000 level, an upward move toward 25,100–25,200 remains possible. On the other hand, a breakdown and sustained close below this level may drag the index down to 24,900 (immediate support), followed by 24,800 (crucial support), according to experts.
The weekly options data indicated that the Nifty 50 is expected to trade in the 24,900–25,500 range in the near term.
Ultimately, the most effective systems will not be those that act alone, but those that learn to work with us, adapting when needed and stepping aside when human input matters most
Given the bearish bias in momentum indicators and the weak technical structure, the Nifty 50 is likely to fall toward the 25,000 mark, the next support zone. A further decline toward 24,900–24,800 cannot be ruled out. However, if it manages to defend Friday's low, 25,300 will be the immediate resistance to watch, followed by 25,500, according to experts.
If the NIfty 50 stays below these short-term averages, a fall toward 25,000 is likely. A further drop below that would bring 24,900 into focus as a crucial support. On the higher side, 25,300 is the immediate resistance; sustaining above this level could potentially reverse the trend.
Consolidation is expected to continue in the upcoming sessions until the frontline indices trade above their short-term moving averages. Below are some short-term trading ideas to consider.
Technical signals suggest that downside momentum may be gaining strength in Nifty 50, said Sudeep Shah of SBI Securities.
Bull Put Spread involves Selling and Buying of Puts of same expiry where the Sell Put is of a Higher Strike and Buy Put is of a Lower Strike.
I-Sec’s Dharmesh Shah expects volatility to remain elevated amid progression of earnings season coupled with Tariff related development wherein strong support is placed at 24,900-24,800 levels.
The weekly options data also indicates that the Nifty may face resistance at 25,300, with support at 25,000.
If the Nifty 50 breaks the key support zone of 25,300–25,200, the fall may extend toward the 25,000 zone, however, on the higher side, the 25,500 is the level to watch.
If the Nifty 50 breaks the crucial support zone of 25,300–25,200, the 25,000 level is the one to watch on the downside. However, on the higher side, 25,500 is expected to act as resistance, according to experts.
The market is expected to see further consolidation with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The India VIX declined by 2.24 percent to 11.67, its lowest closing level since April 26, 2024, extending its downtrend for the third consecutive day.
From a levels perspective, a decisive move above the 25,550 zone could open the path toward 25,700–25,800. Conversely, a break below the 25,400–25,300 support zone could lead the Nifty 50 toward 25,200–25,000, according to experts.