The Nifty 50 and Bank Nifty needs stronger momentum and technical indicators for follow-through buying interest. Until then, there could be range-bound trading for a few more sessions.
The market is expected to remain range-bound amid a rising India VIX. Below are some short-term trading ideas to consider.
Technical and momentum indicators still favour bears, with a cautious signal from the rising VIX. Experts expect the benchmark index to remain in the 24,900–25,500 range in the short term.
Nifty is currently hovering around its long-term moving average, the 200-day exponential moving average (DEMA), placed near the 25,150 level, said experts.
Weekly options data suggested that the index is likely to trade in the 25,000–25,500 range in the short term.
Given the sell signals from momentum indicators and the fall below all key moving averages, if the Nifty 50 decisively breaks below 24,900 (the previous week’s low), a correction toward the 24,600–24,500 zone cannot be ruled out, experts said.
Consolidation with range-bound trading is expected to continue over the next few sessions. Below are some short-term trading ideas to consider.
Short-term moving averages trended down, with momentum indicators showing a sell signal and an elevated VIX signalling caution.
In the current market condition, key would be to stay highly selective, not short the markets too much, and stay invested in relatively stronger pockets, said Milan Vaishnav.
Momentum indicators remain weak, with the weekly RSI hovering around the 45 mark—its lowest level since April 2025—and trading below its 9-week average, signalling persistent downside momentum in Nifty 50, said Sudeep Shah.
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Weekly options data suggested that the Nifty 50 is likely to trade within a broad range of 24,500–25,500, with immediate resistance at 25,200–25,300 and support at 25,000–24,900.
The Nifty needs to scale above 25,300 on a closing basis for further uptrend toward 25,450–25,500, the next key hurdle. Meanwhile, the 200 DEMA (25,164) can act as an immediate support for the index, followed by 24,900 as a crucial support.
The market is expected to consolidate with range-bound trading as long as it trades below the current week’s high. Below are some short-term trading ideas to consider.
This relief rally was on expected lines but, according to experts, needs a strong and sustainable close above 25,850 for continuation of the said uptrend. Until then, consolidation and volatility may be seen in the short term, given the bearish sentiment and elevated VIX.
The monthly options data suggested that the Nifty 50 is expected to trade in a broader range of 25,000–26,000 levels.
If the Nifty 50 reclaims and sustains above the 200 DEMA (25,162), an upmove toward the 25,300–25,450 zone is possible. On the downside, 24,900 could act as a support zone.
A doji-like pattern formation and oversold RSI signal the possibility of a bounce-back, but the sustainability of the same remains key to watch. Below are some short-term trading ideas to consider.
The formation of indecisive pattern increases the possibility of a trend reversal after the recent fall, though confirmation is needed in the following session. In fact, the overall trend remains in favour of bears, and the VIX reached a seven-month high.
Technical analysts said the Nifty could see further downside if it sustains below its 200-day exponential moving average (EMA).
In the event of a bounce, the 25,300–25,450 zone will be crucial to monitor. However, a fall below the 200-day EMA could further strengthen bearish control over Nifty 50.
The market may consolidate with a negative bias after decisively breaking below the previous week’s low. Below are some short-term trading ideas to consider.
After a severe correction, the market may bounce back, but sustainability will be the key factor to watch.
Analysts say a brief pause or rebound cannot be ruled out at these levels; however, any recovery will largely depend on the performance of banking and IT stocks.
The Nifty 50 formed a long bearish candle on the daily charts, accompanied by further weakening momentum indicators, indicating a sell signal.