Nifty Keeps the Momentum Alive, India VIX Marks One of Its Lowest Closes

The Indian equity market extended its bullish streak, with the Nifty closing at 25,423.60 (+0.37%), forming a strong bullish candle on the daily chart. The sustained strength reflects consistent follow-through buying after the index crossed key resistance levels earlier this week.

Nifty Technical View

Nifty remains firmly positioned above the Donchian midline, signaling resilience. The RSI climbed to 68, maintaining its upward slope, while the MACD continues to stay in positive territory, underlining bullish momentum. The ADX at 20 suggests that while the trend is positive, its overall strength is still developing.

• Immediate Support: 25,300, followed by 25,250
  
  
• Resistance: 25,550–25,620; a breakout above this zone could push the index to higher levels in the sessions ahead.
  
  

India VIX at Historic Lows

The India VIX settled at 9.88, among its lowest closes in history. Such suppressed volatility usually accompanies steady trending moves, but traders should stay alert since historically low VIX readings can also precede sudden volatility spikes.

Bank Nifty Outlook

The Nifty Bank ended at 55,727.45 (+0.42%), extending its winning run with another strong close. The index has decisively moved above all key moving averages, with positive crossovers confirming a stronger structure. Importantly, it has reclaimed levels above the declining trendline and is inching closer to its previous swing high.

Momentum indicators continue to support this move:

• RSI at 62, holding a steady upward slope
  
  
• MACD positive, with supportive histogram bars
  
  
• Immediate Support: 55,400, followed by 55,300 (EMA cluster)
  
  
• Resistance: 56,000–56,100; a breakout above this band could extend the rally toward 56,400.
  
  

Market Outlook

With Nifty and Bank Nifty both sustaining above their critical supports, dips are expected to attract buyers. The persistence of bullish candles, supportive RSI readings, and strong moving average setups all point to continued strength. However, traders should remain mindful of India VIX’s extremely low levels, which could bring short bursts of volatility.