As long as the Nifty 50 trades below 26,100, consolidation may continue with support at 25,750–25,750. However, a convincing move above this level could drive the index toward the 26,200–26,300 zone, experts said.
Weekly options data suggested that the Nifty may see resistance in the 26,000–26,100 zone, with support at 25,700.
The zone of 26,000–26,050, which aligns with Monday’s high and broadly with the 20 SMA, is crucial for a further upward journey toward 26,200–26,300. Until then, consolidation may continue, with immediate support at 25,900, followed by 25,700 as a crucial support for the Nifty 50.
Consolidation and range-bound trading may continue until the market delivers a strong close above the falling resistance trendline. Below are some short-term trading ideas to consider.
If the Nifty 50 reclaims and sustains above 26,032, a rally towards 26,200–26,300 cannot be ruled out in the upcoming sessions. However, until then, it may consolidate, with support placed in the 25,750–25,700 zone, according to experts.
The weekly options data indicated that the Nifty 50 is expected to remain in the 25,900–26,200 range in the short term.
The 25,700 is expected to act as a crucial support for the current week in case of consolidation. If the Nifty 50 manages to sustain above the 26,000–25,950 zone, the upward journey toward 26,200 is possible.
The market is expected to remain range-bound, with last week’s support acting as a key base. Below are some short-term trading ideas to consider.
Sustaining above 25,950-26,000 levels can open the door for 26,200–26,300, but a decisive fall below them can raise the possibility of consolidation in the Nifty 50, with support placed at the 25,750–25,700 zone, according to experts.
Currently, the Nifty 50 is trading above both its short- and long-term moving averages, with these averages beginning to slope upward — often an early indication of renewed directional strength, said Sudeep Shah.
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Weekly options data indicated that the Nifty 50 is expected to face resistance at 26,300–26,500 in the short term, with support at the 25,900–25,800 levels.
If the Nifty decisively breaks out and sustains above the 25,950-26,000, a rally toward 26,100–26,200 can’t be ruled out, while 25,700 can act as immediate support.
The market is expected to gain further strength if the benchmarks reclaim the 20-day SMA. Below are some short-term trading ideas to consider.
For the upside to continue from here, the Nifty 50 needs to surpass and sustain above the 25,950–26,000 zone to move upward toward 26,200–26,300 levels. Until then, it may consolidate, with immediate support at 25,700.
Weekly options data indicated that 26,000 is expected to remain a crucial hurdle for the Nifty 50, with support at 25,700.
Considering the bearish undertone, if the Nifty 50 breaks 25,700, a fall toward 25,500–25,400 can be seen, but holding above it can drive the index toward 25,800–25,950 in the immediate term, followed by the 26,000 zone.
The market may rebound after the recent correction, but the sustainability of those gains will be the key to watch. Below are some short-term trading ideas to consider.
The Nifty 50 managed to defend the 50-day EMA (25,700) for another session, but a fall and sustained close below this level in the coming sessions could strengthen the bears and open the door for a decline toward 25,500, the key support zone.
Weekly options data indicated that the Nifty 50 is expected to face resistance at 25,900–26,000 levels, with support at 25,500.
As long as the NIfty 50 holds this level, 25,900 (near Tuesday’s high) is the immediate level to watch, followed by 26,000 (20 DSMA) as the key hurdle. However, falling below 25,700 can bring bears into strong power.
The market is likely to be rangebound after the correction in the past two sessions. Below are some short-term trading ideas to consider.
If the Nifty 50 convincingly breaks below 25,700 (the 50 DEMA and Tuesday’s intraday low), 25,500 will be the key downside level to watch. However, sustaining above this mark can increase the possibility of a move toward the 26,000–26,200 zone, according to experts.
Weekly options data indicated that the Nifty 50 is likely to trade in the 25,500–26,000 range in the short term.
According to experts, if the Nifty 50 breaks and sustains below Monday’s low of 25,892, a move toward 25,800 and 25,700 may be seen in the upcoming sessions. However, in case of a rebound, 26,100–26,200 are the levels to watch.