Nifty Defends 25K; Bank Nifty Gains Ground Within Rising Channel

Markets witnessed a measured recovery, with both the Nifty and Bank Nifty posting moderate gains on the back of strong support zones. The benchmark indices formed bullish candlesticks on the daily chart, signaling renewed buying interest near psychological support levels.

Nifty Technical Analysis: Rebound from 25,000 Holds Ground

The Nifty 50 index ended the session 113.50 points higher at 25,195.80 (+0.45%). The index rebounded from the 50% Fibonacci retracement level near 25,070, indicating a precise bounce after briefly revisiting the 25,000 psychological support level.

Key Technical Observations:

• Pattern Formed: Bullish candle with open ≈ low
• Support Levels:
  • 24,980 (50-day SMA)
  • 25,000 (Psychological support)

• Resistance Zones:
  • 25,350
  • 25,400

• Indicators:
  • RSI: Neutral at 50
  • MACD: Negative crossover continues
  • EMA: Facing resistance at 9-EMA & 20-EMA

Despite a higher-high structure on the daily chart, hourly trend weakness persists, characterized by a lower-low pattern, highlighting short-term volatility. However, the advance-decline ratio was firmly bullish, indicating breadth-led support.

As long as Nifty sustains above 25,000, the buy-on-dips strategy remains valid.

India VIX Update: Calm Supports Risk Appetite

The India VIX closed at 11.48, below the critical 13-mark, reflecting a low-volatility environment. This suggests continued complacency and supports bullish bias, unless a sudden spike disturbs the setup.

Nifty Bank Technical Analysis: Rising Channel in Play

The Nifty Bank index also displayed strength, ending 241.30 points higher at 57,006.65 (+0.43%). The index formed a bullish candle with a tight open-low range, similar to Nifty, suggesting sustained buyer interest.

Key Technical Observations:

• Trend Channel: Trading within a broad rising channel
• Formation: Emerging double-bottom pattern

• Support Zones:
  • 56,800 (Immediate)
  • 56,600 (Stronger base)

• Resistance Zones:
  • 57,200 (Hourly Supertrend)
  • 57,400 (Next key hurdle)

• Indicators:
  • RSI: Stable at 55 (moderately bullish)
  • Above 9-EMA: Momentum shift in favor of bulls

Despite short-term mixed signals, the medium-term trend remains positively biased as long as the index holds above 56,600, pullbacks present fresh entry opportunities.

Market Summary

Index             Close             % Change         Sentiment

Nifty 50         25,195.80            +0.45%         Range-bound bullish

Nifty Bank     57,006.65           +0.43%          Rising channel rebound

India VIX        11.48                    -3.17%          Low volatility

Market Outlook: Buy-on-Dip Bias Intact

Both indices are showing signs of accumulation at lower levels, with clear support zones being respected. The low volatility environment and resilient demand zones suggest that the market may remain in a range-bound but upward-biased phase, barring a breakdown of key supports.