The index faces immediate resistance around the 25,425 and 25,550 marks while resting on key structural supports between 24,850 and 24,600. Technical measures remain healthy, reflected by the weekly RSI touching 61.71 without negative divergence against price. Market participants are advised to maintain trailing stop-losses on current holdings and seek fresh exposure only in technically resilient counters. Rotational patterns highlight emerging strength in FMCG and infrastructure, while auto and metal indices continue to lag.
Key points
Traders should adopt a cautious approach by using trailing stop-losses rather than making…: Traders should adopt a cautious approach by using trailing stop-losses rather than making aggressive purchases near resistance.
Pullbacks are not considered harmful as long as the critical support zone between 24,250…: Pullbacks are not considered harmful as long as the critical support zone between 24,250 and 24,320 stays intact.
Sector rotation favors FMCG, PSE, and Infrastructure, while Energy, Midcap 100, Auto, and…: Sector rotation favors FMCG, PSE, and Infrastructure, while Energy, Midcap 100, Auto, and Metal indicate relative weakness.
Sources checked by our analysis pipeline: 1
The coming week is likely to see a stable to cautiously positive start, with the levels of 25,425 and 25,550 likely to act as immediate resistance points. On the lower side, supports are expected at 24,850 and 24,600.
The weekly RSI stands at 61.71 and has moved firmly into bullish territory. It stays neutral and does not show any divergence against the price. The weekly MACD is bullish and stays above its signal line.
From a pattern-analysis perspective, the Nifty has staged a strong recovery after testing the lower boundary of a broad consolidation structure and the long-term moving-average support zone. The recent rebound has carried the Index back above its 50-week moving average, currently at 24,259, and its 100-week moving average, placed at 24,321. The 200-week moving average, currently at 22,772, continues to rise and reinforces the longer-term structural support. The Index is now approaching the upper boundary of a broad trading range that has remained relevant over several quarters. As long as the Index maintains itself above the 24,250–24,320 zone, the broader recovery structure is likely to remain…
Strong September-quarter financial results and margin expansion have prompted brokerages to issue positive targets alongside a newly declared interim shareholder payout. Rising global infrastructure needs, particularly dedicated power generation for hyperscale data centres and grid stability equipment, are fueling demand-driven order inflows. This commercial momentum continues to support the equipment manufacturer's multi-year market capitalization expansion.
State-owned parent entity Coal India is advancing plans to monetize its operating assets by offloading a portion of its corporate holdings on public stock exchanges. This move initiates the formal regulatory process across major domestic bourses to achieve independent market valuations for the mining subsidiary. The transaction serves as a core mechanism for the enterprise to strategically unlock value from its key operating units.
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