NIFTY 50 Is Healing, Not Rallying — 25,700 Holds the Line

Market Overview: Stabilisation After Volatility

Nifty ended the session at 25,713.00 (+0.55%), extending gains with a steady and controlled upward move. Rather than an impulsive rally, the index appears to be healing after recent volatility, gradually stabilising around the mid-range of the prior decline.

The tone suggests consolidation within recovery — not a confirmed breakout yet.

Technical Structure: Gradual Improvement

• Above 10 & 20-day SMAs: Short-term bias stabilising.
• Below 50-day SMA: Intermediate resistance remains intact.
• 200-day SMA near 25,300: Acting as strong broader support.
• MACD: Turned positive; histogram flattening signals improving momentum.
• RSI near 51: Neutral with slight upward tilt.

The index continues oscillating between the 0.382 and 0.50 Fibonacci retracement levels, indicating digestion of prior losses within a recovery phase.

A sustained move above the 50-day SMA would be required to strengthen bullish momentum.

Volatility Check

India VIX stands at 14.17, reflecting moderate volatility and improving stability compared to earlier swings.

Key Levels for Nifty

NIFTY Bank: Consolidation Near Expansion Territory

Nifty Bank closed at 61,264.25 (+0.15%), forming a small-bodied candle that reflects controlled consolidation rather than aggressive movement.

The index continues to inch higher within its recent range, holding firmly above the 61,000 mark.

Technical Highlights

• Above all key moving averages: Broader uptrend intact.
• Compression near upper Donchian boundary: Suggests price is holding near breakout territory.
• Hourly Chart: Tight clustering after move toward 61,300.
• MACD: Positive with widening signal gap.
• RSI near 59: Steady bullish momentum.

As long as 60,800–60,900 holds, the short-term outlook remains constructive.

Key Levels for Nifty Bank

Final Takeaway

• Nifty: Stabilising and repairing structure, but still below intermediate resistance.
• Nifty Bank: Structurally stronger, consolidating near potential breakout levels.

The broader market is transitioning from volatility to balance. Confirmation for the next directional leg will depend on Nifty reclaiming its 50-day SMA and Bank Nifty breaking above 61,600 decisively.