Nifty Extends Weekly Gains; Nifty Bank Hits Fresh All-Time High Near 57,500

Nifty Index Technical Analysis: Uptrend Holds as Bulls Eye 25,685

The Nifty 50 index ended the session at 25,637.80, up 88.80 points (0.35%), posting a robust weekly gain of 2.09%. This move solidifies the short-term uptrend as the index remains well above critical support levels and continues forming higher highs.

• The index has sustained above the 1.272 Fibonacci extension level at 25,426 and is now approaching the 1.618 extension zone near 25,685—a potential short-term target.
• Short-term moving averages such as the 9-day and 20-day EMAs continue to offer reliable support, highlighting the strength of the ongoing rally.
• The Relative Strength Index (RSI) has advanced to 67, indicating healthy momentum without entering overbought territory.
• On the intraday chart, the VWAP zone around 25,520 served as strong support during minor dips, showing continued buying on declines.

 Key Levels for Nifty

   Support                          Resistance

25,520 – 25,426              25,685 – 25,750

As long as Nifty holds above 25,426, the bullish structure is expected to remain intact. A breakout above 25,685 could set the stage for a move toward 25,750 and higher in early July.

Nifty Bank Technical Analysis: All-Time High & Bullish Breakout Watch

The Nifty Bank index surged to a fresh all-time high of 57,475.40, closing the day at 57,443.90, up 0.41%, and registering a strong weekly gain of 2.12%. The index continues to ride the upper boundary of its rising channel, showcasing firm control by the bulls.

• The index is attempting a breakout above the key psychological 57,500 mark, which, if sustained, could trigger a sharp rally toward 58,000.
• The middle Bollinger Band and all major moving averages (10, 20, 50 EMA) are aligned in favor of continued bullish momentum.
• The RSI at 67 remains elevated but not overbought, indicating ample room for further gains.
• A bullish MACD crossover with a rising histogram supports the view of strengthening momentum in the days ahead.

 Key Levels for Nifty Bank

Support                   Resistance

56,800 – 57,000 57,500 – 58,000

As long as Nifty Bank holds above 56,800, the bias remains positive. A decisive close above 57,500 will confirm the breakout, setting up a path toward 58,000 and possibly new lifetime highs.

Weekly Wrap & Outlook: Trend Stays Intact as July Begins

The weekly charts for both Nifty and Nifty Bank show continued strength, with rising momentum indicators and solid support from moving averages. The weekly MACD for Nifty remains in positive territory, supporting medium-term strength, while Nifty Bank’s rally is fueled by broad participation in banking majors.

• India's VIX remains under 13, reflecting low volatility and stable sentiment.
• With both indices showing higher-high formations and strong technical indicators, the overall tone remains bullish for the start of the July series.

Conclusion: Bulls in Control as Nifty, Nifty Bank Stay Strong

The Nifty 50 is well-positioned to test the 25,685–25,750 zone, supported by Fibonacci levels and solid intraday buying. Meanwhile, Nifty Bank’s breakout above all-time highs signals robust institutional participation and increased investor confidence in the banking space.

As long as key support zones are defended—25,426 for Nifty and 56,800 for Nifty Bank—the market remains in buy-on-dips mode. A sustained breakout above 57,500 in Nifty Bank could lead to a fast rally toward 58,000, while Nifty could soon scale higher targets in the July