Nifty Reclaims 25,000 as Nifty Bank Breaks Past Swing High

The benchmark indices extended their winning streak, with both Nifty and Nifty Bank closing higher for the third consecutive session, signaling a strong comeback in market sentiment. Nifty reclaimed the psychological 25,000 mark, while Nifty Bank surged past its previous swing high, reinforcing the short-term bullish momentum.

Nifty Outlook: Reclaiming 25,000 Sparks Fresh Optimism

Nifty ended the session at 25,077.65, gaining 0.74%, and continued its steady recovery on the daily chart. The index formed a strong bullish candle and closed above the Bollinger middle band, a sign of improving sentiment and strengthening short-term momentum.

Having reclaimed the 25,000 mark, Nifty now faces a critical resistance zone between 25,150–25,200, where multiple previous swing highs are aligned. A decisive close above this band could open the doors for a further extension of the rally in the coming sessions.

Momentum indicators are also showing improvement. The RSI has risen to 55, moving steadily out of the neutral zone, while the MACD has begun narrowing its negative spread, hinting that bearish momentum is losing strength.

From a support perspective, immediate levels are placed at 24,950, followed by 24,880, which also aligns with the 38.2% Fibonacci retracement of the recent upswing.

Meanwhile, India VIX stands at 10.19, reflecting subdued volatility, a condition that generally favours range expansion on the upside.

Outlook: The short-term trend remains positive as long as Nifty sustains above 25,000. A sustained breakout above 25,200 could open the path toward 25,350–25,480 in the near term.

Nifty Bank: Breakout Above Swing High Confirms Strength

The Nifty Bank index ended the session at 56,104.85, up 0.93%, extending its strong upward momentum. Importantly, the index registered a decisive breakout above the previous swing high near 55,836, confirming renewed strength and continuation of the ongoing rally.

The index is now trading comfortably above all its key moving averages, with a bullish crossover of the 9-EMA over the 50-EMA, reinforcing momentum on the upside.

On the hourly chart, the Supertrend indicator is currently placed around 55,700, marking an important trailing support zone for the index.

Momentum indicators continue to support the bullish view. The RSI has surged to 63, maintaining a steady upward slope that reflects strong buying interest, while the MACD has confirmed a positive crossover with expanding histogram bars, signaling strengthening momentum.

Resistance: 56,350–56,500
Support: 55,700, followed by 55,60

Market View: Bulls Back in Control

Both headline indices have shown strong resilience and follow-through buying over the past few sessions. The reclaiming of key psychological levels 25,000 on Nifty and 55,800 on Nifty Bank indicates that the bulls are back in control.

With volatility remaining low and momentum indicators turning supportive, the market setup points toward continued strength in the short term. Traders should watch for a decisive move above 25,200 on Nifty and 56,500 on Nifty Bank to confirm the next leg of the rally.

As long as the indices sustain above their immediate support levels, dips are likely to be bought into, keeping the near-term outlook bullish-to-sideways.