History supports the trend—9 of the last 10 July series have closed in the green, and July boasts the highest average monthly return over the past decade. This seasonal tailwind could further amplify bullish momentum.
Backed by strong technical indicators and firm sectoral participation, Nifty now looks poised to extend its northward journey in the coming weeks and is likely to test the level of 25,800, followed by 26,100 in the short term, said SBI Securities' Sudeep Shah.
If Rollover percentage comes out be ~10% below overall Rollover percentage, there is a bright possibility that participation created in last expiry most probably decided to book profits and not carry forward.
Ashish Kyal is expecting July series to be in positive for Bank NIfty as long as 56,600 remains protected on the downside for a move to 59,000 levels.
Weekly options data indicate that 26,000 is likely to act as the next resistance for the Nifty 50, with support at 25,500.
Momentum is expected to drive the rally further in the equity markets. Below are some short-term trading ideas to consider.
If the Nifty 50 manages to clear the hurdle (25,650–25,750), the 26,000 level is the likely zone to watch. However, the 25,400–25,300 zone is expected to act as support.
Given the bullish sentiment and the expansion in Bollinger Bands following a significant consolidation breakout, the Nifty 50 is expected to face a hurdle in the 25,650–25,750 zone in the upcoming sessions. A breakout above this zone could open the path toward the 26,000 level, while support is seen at the 25,400–25,300 levels, according to experts.
The India VIX, the market's fear gauge, cooled down further, providing healthy comfort for bulls. It was down by 2.87 percent to 12.59, the lowest closing level since March 21.
Given the declining VIX and favourable global cues, the bulls are now in a better position, likely pushing the Nifty 50 toward the 25,300–25,400 zone in the near term, followed by 25,500–25,600. The key support levels are at 25,100–25,000, according to experts.
Given the favourable technical indicators, the uptrend is likely to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
Given the favourable technical indicators and falling VIX, experts suggest that the Nifty 50 is likely to climb toward the 25,300–25,350 range in the upcoming sessions. Sustaining above this zone could open doors for targets in the 25,500–25,600 range, provided the index holds the support at 25,100–25,000.
Following a bullish breakout from the consolidation range of 24,500–25,200, experts expect the Nifty to advance toward its next immediate target zone of 25,300–25,350, followed by 25,500–25,600 levels, provided it holds above the key support zone of 25,000–25,100.
The market is expected to maintain an upward trend amid consolidation. Below are some short-term trading ideas to consider.
The false breakout suggests some consolidation within the 24,800–25,200 range, though the overall trend remains positive. As long as the Nifty 50 defends the key support level of 24,700, a rally toward 25,200 remains possible, and beyond that, 25,500 is the level to watch.
The Nifty 50 is likely to consolidate within the 24,800–25,300 range. According to experts, unless the index delivers a decisive and sustained close above 25,300, consolidation may persist, with support seen in the 24,800–24,700 zone.
Monthly options data suggest the Nifty may remain in the 24,800–25,300 range in the near term, with the broader expected range being 24,500–25,500.
The Nifty 50 is expected to act as the range (24,800–25,100) in the upcoming session. If the index breaks above 25,100, then 25,200 is the level to focus on. However, falling below 24,800 may drive the index down to 24,700, followed by 24,500 as a crucial support zone, experts said.
The market is expected to continue its rangebound trading in the upcoming sessions amid the ongoing Middle East conflict. Below are some short-term trading ideas to consider.
In the upcoming sessions, the Nifty 50 is expected to remain in the range of 24,800–25,100 until it gives a decisive close on either side, according to experts.
Monthly options data suggest that the Nifty 50 may face resistance in the 25,000–25,200 zone in the short term, with support seen around the 24,900 level.
Technical charts suggests that while the overall trend in Bank Nifty remains sideways to bullish, a period of consolidation over the next few sessions is likely. Key support levels to watch are 55,000 and 54,400, said Rahul Sharma of JM Financial.
Given the escalated Iran-Israel tensions and the weekly F&O expiry, the Nifty 50 is likely to consolidate in the upcoming sessions with support in the 24,800–24,700 zone, followed by 24,500–24,450 (a crucial support area), unless it trades above 25,200, which remains a key hurdle for further upward movement, according to experts.
The sustainability of Friday's gains is the key factor to watch in the upcoming sessions, as the Iran-Israel conflict and global cues could lead to volatility and consolidation in near term. Below are some short-term trading ideas to consider.
As long as the Nifty 50 trades below 25,200, and geopolitical tensions in the Middle East—which influence oil prices—persist, consolidation and mild correction within a range-bound setup may continue. Key support levels remain at 24,700, followed by the 24,500–24,450 zone, which is also where the 50-day EMA is placed, according to experts. A fall below this crucial support zone may trigger a forceful attack from bears.