NIFTY 50 Controlled Advance Suggests More Headroom Ahead

Nifty Extends Measured Upside

Nifty settled at 25,819.35 (+0.37%), advancing for a third straight session and sustaining above the key 25,800 level, which had earlier acted as resistance.

The daily structure reflects steady continuation after the recent rebound, with price action showing controlled strength rather than aggressive breakout behavior.

Technical Highlights:

• Trading above VWAP (~25,765)
• Holding above the Keltner Channel mid-line, now acting as immediate support
• Still below the upper channel band (~26,230) — leaving room for upside expansion
• RSI at 54, trending upward, signalling improving momentum
• Hourly chart forming higher highs, reinforcing short-term strength

The gradual upward slope in short-term moving averages confirms strengthening trend alignment.

Key Levels for Nifty

• Immediate Support: 25,700–25,660
• Resistance Cluster: 26,000–26,050
• Sustained move above 26,000 could pave the way toward the upper channel band near 26,230

Volatility Check

India VIX declined further to 12.22, signalling cooling volatility expectations  a supportive factor for continued controlled upside.

NIFTY Bank Nears All-Time High; Momentum Remains Firm

Nifty Bank ended at 61,550.80 (+0.62%), trading very close to its record high and maintaining strong upward momentum.

The index formed a robust bullish candle and closed near the session’s high, reflecting sustained buying interest throughout the day.

Technical Structure:

• Positioned well above VWAP
• Rising Keltner Channel mid-line acting as dynamic support
• Channel structure gradually expanding — signalling controlled upside progression
• RSI at 64, trending higher with room for further expansion

Banking Sector Participation

• NIFTY PSU Bank: +1.31% (outperformer)
• NIFTY Private Bank: +0.54%

Broad participation across PSU and private banking segments confirms internal strength within the banking space.

Key Levels for Nifty Bank

• Immediate Support: 61,200–61,000
• Short-Term Hurdle: 61,700–61,750
• Sustained breakout above 61,750 could trigger a fresh leg of expansion

Market Outlook

• Trend remains constructive across both indices.
• Volatility compression supports gradual upside continuation.
• Momentum indicators are strengthening without entering overbought territory.
• Banking sector leadership continues to provide structural support to the broader market.

If current strength sustains, the market appears positioned for a measured attempt toward higher resistance bands in the coming sessions.