
The overall month has been quite unpredictable. While many on the chart stood strong, most of them have slipped. Bank Nifty on the other hand maintained its grip for a long time but now appears slightly bearish. Let’s see what the coming month holds for the investors as Mr. Sumeet Bagadia, Executive Director of Choice takes us through the weekly predictions of the market.

The Nifty index displayed notable volatility last week, marking a high of 26,178 before profit-booking triggered three consecutive sessions of decline, taking the index to a low of 25,693. Following this correction, the last two sessions saw a steady recovery from lower levels, with Nifty closing at 26,046.95, indicating renewed buying interest and resilience near support zones. The index continues to trade above key moving averages—the 20-day, 50-day, and 200-day EMAs—reinforcing the broader bullish undertone.
As long as it sustains above these levels, market sentiment is expected to remain constructive and upward-biased. On the upside, immediate resistance is placed at 26,200, followed by 26,400 and 26,500. On the downside, support is seen at 25,900 and then 25,800, with a break below 25,700 likely to attract additional selling pressure. Given the current market structure, a buy-on-dips strategy remains appropriate, though traders should maintain strict stop-losses due to prevailing volatility.
| Nifty 50 View | Levels |
|---|---|
| Support | 25900-25700 |
| Resistance | 26200-26500 |
| Bias | Sideways to Bullish |
Also know: Tomorrow market prediction

Bank Nifty began the week by recording a high of 59,713, after which profit booking set in and dragged the index to a low of 58,799. Toward the end of the week, the index staged a strong recovery and closed at 59,389.95, indicating renewed buying interest and strength near key support levels.
If selling pressure re-emerges and the index decisively breaks below 58,800, it may trigger a deeper correction toward 58,700–58,600 and potentially further downside. On the upside, immediate resistance is placed at 59,500, followed by 59,850 and 60,000. The weekly RSI, currently at 58.21 and trending higher, signals strengthening momentum and continued bullish undertones. The index remains comfortably above its 20-day, 50-day, and 200-day EMAs, reinforcing a structurally positive setup that supports the continuation of the broader uptrend.
A convincing close above 59,500 would strengthen bullish momentum and open the door to additional upside, while an inability to sustain above this level could lead to short-term consolidation or mild weakness. Traders are advised to stay constructive but disciplined, closely monitoring 58,800 as a critical support zone and 59,500 as the key resistance level for near-term directional cues.
| Nifty Bank View | Levels |
|---|---|
| Support | 58800-58700 |
| Resistance | 59500-60000 |
| Bias | Sideways to Bullish |
Technical Research - Team Choice gives the prediction.
Keep watching this space as we bring you expert analysis and recommendations. Also, follow our research section where we give you expert research on fundamental and technical stocks. All this is available on our Choice FinX trading app.
Disclaimer: *Investments in the securities market are subject to market risks, read all the related documents carefully before investing.


