Nifty Holds Above 25,000 Despite Friday’s Fall, Analysts See More Upside As Bullish Trend Remains Intact

Mumbai: Indian equity markets continue to exhibit bullish momentum, with the Nifty index maintaining its position above the critical 25,000 mark despite a Friday decline. Market analysts interpret the recent dip as profit-taking rather than a reversal of the prevailing uptrend. Although the benchmark index missed a three-day winning streak on Friday, its capacity to remain above key technical levels has sustained investor confidence.

Technical experts view the Nifty's larger trend as robust following its breakthrough above a previous peak and overcoming resistance on a falling trendline. The index remains above its 50-week exponential moving average (EMA) of around 24,037 and the 200-week EMA near 22,451. However, a Doji-like candlestick formation suggests hesitation among traders at higher levels. Analysts emphasize that sustaining the breakout zone will be crucial for maintaining upward momentum.

Key Nifty levels to watch include immediate resistance at 25,350 and 25,800. A successful breakout above these levels could pave the way for additional gains. Conversely, the 24,800–25,000 range serves as a critical support zone. Holding above this region may attract new buying interest, while a clear break below could lead to consolidation.

The Sensex also demonstrates a positive technical outlook despite losing some recent gains. Immediate resistance for the Sensex lies between 81,900 and 82,200, with initial support at 81,300–81,000, followed by a secondary support zone between 80,700 and 80,500.

Analysts advise maintaining a positive trading bias while remaining vigilant about intermittent profit-taking. The Nifty's ability to stay above 25,000 will be closely monitored during forthcoming trading sessions. Opportunities for fresh buying may arise during market corrections, provided key technical support levels persist.