NIFTY 50 Defends Gains, Eyes Higher Shelf | Stock Market Today

Nifty 50: Contained Recovery Within Range

Nifty ended the session at 25,725.40 (+0.17%), recovering from an early dip toward 25,570 and closing near the mid-range of the day’s movement. The daily candle signals a measured recovery, with the index firmly defending the 25,600 support zone.

Technical Snapshot:

• Middle Bollinger Band (~25,500): Acting as immediate short-term support
• Upper Bollinger Band (~26,130): Capping upside momentum for now
• 50-day SMA: Index hovering around this crucial reference level
• MACD (Daily): Positive territory, but histogram contracting — indicating moderation in upside momentum rather than fresh acceleration

The broader structure suggests consolidation with a positive bias rather than aggressive breakout conditions.

Volatility Check: India VIX Cools

India VIX declined sharply by 4.93% to 12.67, slipping below 13. Cooling volatility supports market stability and strengthens the case for gradual upside continuation, provided key supports hold.

Key Levels for Nifty

• Immediate Support: 25,550–25,500
• Resistance Zone: 25,900–26,000
• Trigger Level: Sustained move above 25,800 may extend the upmove in the upcoming session

A decisive push above 26,000 could open room toward the upper Bollinger Band near 26,130.

NIFTY Bank Extends Uptrend

Nifty Bank closed at 61,174 (+0.37%), continuing its upward trajectory after reclaiming the 61,000 level  previously a resistance zone.

The formation of a bullish candle with a longer lower wick indicates absorption of intraday selling pressure and steady demand at lower levels.

Technical Structure:

• Trading above 10-day and 20-day moving averages
• Positioned above VWAP and middle Bollinger Band, both acting as support
• Hourly chart forming a higher-high structure, reinforcing short-term strength
• MACD (Daily): Positive with rising histogram, reflecting improving momentum

There are no immediate signs of distribution at current levels.

Key Levels for Nifty Bank

• Immediate Support: 60,600–60,800 (previous resistance turned support)
• Resistance Band: 61,400–61,550
• Sustained move above 61,550 could reopen the path toward fresh highs

Market Outlook

• Broader undertone remains constructive.
• Volatility compression supports gradual upside attempts.
• Momentum indicators suggest continuation bias, though acceleration has moderated in Nifty.
• Bank Nifty displays relatively stronger technical positioning versus the broader index.

If early-session strength sustains, both indices could attempt to scale higher resistance bands in the near term.