Nifty’s Ascent Pauses at the Gate of 26,000; Nifty Bank Hits Fresh All-Time High

The Nifty 50 once again stalled just below the psychological mark of 26,000, ending the session at 25,910.05, down 0.40%. Despite opening on a stable note, the index gradually lost traction and formed a bearish candle, signalling hesitation near the upper Bollinger Band and persistent supply pressure around the 26,000 zone.

Nifty Analysis: Key Resistance Holds Firm

Over the past few sessions, the 26,000–26,020 zone has repeatedly acted as a critical resistance, with multiple intraday rejections visible on the hourly chart.
Technically:

• Nifty continues to hold above the middle Donchian channel band
  
  
• The index trades firmly above the 9-EMA and 20-EMA
  
  
• RSI near 60 reflects restricted momentum without overextension
  
  
• MACD remains subdued, showing no decisive crossover yet
  
  

Strong support is placed at 25,750–25,700, where buyers have consistently defended the zone. Holding above this band keeps the broader setup constructive.

On the upside, a decisive close above 26,100 is essential to break the consolidation and unlock the next leg toward the all-time high of 26,277.35. Until then, Nifty is likely to oscillate within a narrow upper range, maintaining a neutral-to-positive undertone.

Nifty Bank: New All-Time High but Mild Cool-Off

Nifty Bank closed at 58,899.25, slipping 0.11%, after touching a new all-time high of 59,103.65 earlier in the session.
The index opened on a strong footing but ran into resistance near 59,100, prompting a mild pullback as prices retreated from the upper Bollinger Band.

Technically:

• Nifty Bank continues to trade well above its 9-EMA and 20-EMA
  
  
• The broader trend remains decisively positive
  
  
• RSI near 65 indicates firm but not overstretched momentum
  
  
• MACD stays stable, showing neither weakness nor fresh bullish momentum
  
  

Support lies at 58,600–58,500, a zone the index has defended consistently. On the higher side, 59,000–59,100 may remain a ceiling unless a sustained close above this cluster materialises.

Given the stretched short-term move, a mild pullback or mean reversion cannot be ruled out in the upcoming session, though the overall trend remains bullish.