The next support for the Nifty 50 is placed at 25,850, the lower end of the previous week's range (25,850–26,250) and the midline of the Bollinger Bands. If the index decisively breaks this level, bears may turn stronger and a fall toward 25,700 is possible. On the higher side, 26,100 and 26,250 are the hurdles to watch, experts said.
Monthly options data indicated that the Nifty may trade in the 25,700–26,200 range in the short term.
If the Nifty 50 reclaims and sustains above 26,100, the 26,250 level is expected to act as a crucial hurdle for further upside. On the lower side, 26,000 remains the key level to watch for any potential downward move.
The market is expected to be rangebound until it trades below the previous week’s high. Below are some short-term trading ideas to consider.
If the Nifty 50 convincingly breaks below the 26,000 mark, the 25,850–25,800 zone will be crucial to watch on the downside. On the other hand, sustaining above this range can drive the index toward 26,250, followed by 26,500, which remain the key upside targets, experts said.
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“The charts may be celebrating near the highs, but the broader market’s behaviour in the coming days will reveal whether this rally gains real strength, or remains a selective rise dressed up as a bull run,” said Sudeep Shah.
Monthly options data indicated that the Nifty 50 may trade in the 26,000–26,200 range in the near term, with a broader range of 25,700–26,500.
Overall, the trend remains in favour of the bulls, who can drive Nifty 50 gradually toward 26,300 (near the record high) and 26,500. However, until it surpasses the record high, consolidation may be seen with support at the 26,100–26,000 zone.
The market is expected to march toward a record high in the upcoming sessions, despite likely intermittent consolidation. Below are some short-term trading ideas to consider.
Given the strengthening momentum, experts expect the Nifty 50 to touch its record high of 26,277 soon, provided it holds 26,100 as an immediate support. Beyond this, 26,500 is the level to watch, while the sacrosanct support is placed at 25,800.
Monthly options data suggests that the Nifty 50 may march toward 26,500 in the short term, supported by the 26,000–25,900 zone.
The Nifty 50 is expected to reclaim 26,100 (October high) provided it holds the psychological 26,000 zone. Above 26,100, 26,300 (near record high) can’t be ruled out; however, immediate support is placed at the 25,950–25,850 zone, experts said.
The healthy momentum and technical indicators may drive the market beyond the October high. Below are some short-term trading ideas to consider.
If the Nifty 50 successfully crosses and consistently holds above 26,100 zone, a move toward 26,300 (near the record high) could be easily seen in the upcoming sessions. However, support is placed in the 25,750–25,850 zone, according to experts.
Monthly options data suggested that the 26,000 level is expected to be a crucial zone for determining further direction in the Nifty 50.
If the Nifty 50 manages to defend its previous day’s low (25,876), a rebound toward 26,000 is possible in the upcoming sessions, and only sustaining above this level can give strength to the index for a move toward the 26,100 hurdle, while the immediate support is placed at 25,800.
The market may see range-bound trading until it trades below the October high. Below are some short-term trading ideas to consider.
Until the Nifty 50 decisively crosses its 26,100 hurdle, consolidation is likely to continue, with immediate support at the 25,800–25,700 zone, followed by 25,500 as a crucial support. Conversely, sustaining above the hurdle can open the door for 26,300–26,500 levels, according to experts.
The monthly options data indicated that the 26,000 level is expected to be a crucial zone for further directional movement in the Nifty 50. Until then, the index may remain range-bound with key support at the 25,500 level.
Sustaining above the 26,000 zone can take the Nifty 50 index toward the October high (26,100), and above it, 26,277 (record high) is the level to watch. However, support is placed at the 25,900–25,800 zone, experts said.
The positive trend is expected to continue given the healthy momentum and supportive technical indicators. Below are some short-term trading ideas to consider.
According to experts, if the Nifty 50 sustains this zone, 26,100 (the October high) will be the immediate level to watch, followed by 26,300 (near the record high) in the upcoming sessions. The immediate support has also shifted higher to the 25,900–25,800 zone.
The Nifty 50 formed a bullish candle with a minor lower shadow on the daily timeframe—indicating a healthy trend with buying interest at lower levels, as well as signalling continuation of the uptrend.
The market trend remains upward, but it requires a strong and sustainable close above last week's high for further upward movement. Below are some short-term trading ideas to consider.