Weekly derivative data suggested that the Nifty 50 is expected to remain in the 25,500–26,000 range in the upcoming sessions.
The sectoral index rose over 200 points to hit a new high of 57,651 on October 17; it climbed 10,000 points from the lows it hit in March 2025
According to experts, the Nifty 50 index is gradually expected to achieve its high (25,669) of the current year, followed by the 26,000 zone. However, support is placed at the 25,400–25,300 zone. Meanwhile, the Bank Nifty is very close to its record high (57,628).
Experts expect the Nifty 50 to reach this year's high of 25,669 soon, followed by 26,000, a crucial resistance level before the record high hurdle. However, the 25,400–25,300 range can act as a support zone.
Weekly options data suggested resistance for the Nifty 50 at 25,700–25,800, with support in the 25,500–25,300 zone.
At least eight of the 40 brokerages tracking Axis Bank raised their price targets following the results.
According to experts, the Nifty 50 is expected to see a falling resistance trendline breakout (around 25,380), followed by 25,450 as the key resistance — which can open the door for the June high. However, support is placed at 25,150 and 25,060.
The continuation of the higher high-higher low formation and healthy momentum indicators suggest that the Nifty 50 is gradually set to inch toward 24,400-24,500, the September swing high. Beyond that, 25,670 is the crucial hurdle to watch, which could open the door for a record high.
If the Nifty 50 index stays above 25,060 (previous day’s low), it may attempt an upmove toward the 25,200–25,300 zone. Above this, 25,400–25,500 are the levels to watch. However, a move below 25,060 can drag the index down toward 24,950 (50-day EMA), experts said.
If the Nifty 50 breaks below the 25,060 and 24,950 support levels, the bears may take full control. Until then, consolidation and range-bound trading may persist, according to experts.
The weekly options data suggested that the Nifty is still expected to trade within the 25,000-25,500 range, with the broader range being 24,500-25,500.
The immediate support for the Nifty 50 is placed at 25,150, followed by 25,000. As long as the index holds these levels, the upward journey toward 25,500, followed by 25,670, can’t be ruled out, experts said.
The Nifty 50 defended the 25,150–25,200 zone, which can act as immediate support, with 25,000 serving as a key support level. On the higher side, the 25,400–25,500 range is expected to be a key resistance zone. A decisive move above this range could open the door to test the June swing high of 25,670, according to experts.
The weekly options data suggested that the Nifty 50 is expected to trade in the 25,000-25,500 range in the short term.
A lean breakout on the upside will happen only after Nifty takes out 25,600 with a thrust and stays above that. On the downside, the 24,850-24,950 zone is a crucial support area. A clear trend would emerge only above or below the mentioned levels,Milan Vaishnav said.
The subdued global sentiment following the US-China tariff war hints at some weakness in the immediate term. Hence, the crucial support is placed at 25,000–24,900 for the Nifty 50, as decisively falling below this level can bring bears back onto the street, experts said.
The sharp correction in US counterparts on Friday may impact sentiment in Indian equities on Monday. Still, this is unlikely to alter the broader market trend as long as the Nifty 50 continues to sustain firmly above all key moving averages and the midline of the Bollinger Bands, experts said.
While the undertone remains positive, investors should keep an eye on global developments, as renewed tariff tensions between the US and China could inject short-term volatility into the otherwise festive rally, Sudeep Shah advised.
Weekly derivative data suggests that the Nifty50 is likely to face resistance in the 25,400-25,500 range, with support in the 25,200-25,000 zone.
With PSU banking stocks leading a rise in Bank Nifty, analysts see improving sentiment in the banking sector after a brief consolidation phase.
According to experts, a decisive and sustained move above the 25,200–25,250 zone can open the door to 25,450–25,500, followed by 25,670. However, support remains at the 25,000–24,900 zone for the Nifty 50.
If the Nifty 50 manages to reclaim and sustain above 25,200 — the key immediate resistance — the levels to watch out for would be 25,350–25,450, provided it continues to defend the 25,000–24,900 support zone, according to experts.
The weekly options data also highlighted 25,200 as the immediate resistance, with support in the 25,100–25,000 zone for the Nifty 50.
If the Nifty 50 index decisively manages to take out the 25,200–25,250 zone, a rally toward 25,450 (September high) is possible. Until then, consolidation may continue with support at 25,000–24,900.
Overall, the trend remains in favour of the bulls, as the Nifty 50 sustained well above all key moving averages. As long as the index stays below 25,200, consolidation may continue with support at 25,000–24,900, according to experts.