
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 witnessed strong bearish momentum during the week, declining sharply after a negative start and registering a weekly low of 25,623, erasing nearly 645 points. On the weekly chart, the formation of a bearish engulfing candle has completely wiped out the previous week’s gains, indicating a potential short-term trend reversal and heightened selling pressure. The presence of five consecutive red candles further highlights sustained distribution and weakening sentiment at higher levels.
On the daily timeframe, Nifty closed decisively below the crucial 25,800 resistance level, reflecting a breakdown of an important supply zone and short-term bearish dominance. However, the index continues to trade above its 20-day, 50-day, and 200-day EMAs, indicating that the broader medium- to long-term trend remains intact. As long as these levels are held, the overall market bias is expected to remain constructive.
Immediate resistance lies at 25,800, followed by 25,940 and 26,000, while support is placed at 25,600 and 25,450. A breakdown below 25,300 may intensify downside pressure. A cautious approach remains suitable, with strict stop-loss discipline amid ongoing volatility.The Nifty index witnessed strong bearish momentum during the week, declining sharply after a negative start and registering a weekly low of 25,623, erasing nearly 645 points. On the weekly chart, the formation of a bearish engulfing candle has completely wiped out the previous week’s gains, indicating a potential short-term trend reversal and heightened selling pressure. The presence of five consecutive red candles further highlights sustained distribution and weakening sentiment at higher levels.
On the daily timeframe, Nifty closed decisively below the crucial 25,800 resistance level, reflecting a breakdown of an important supply zone and short-term bearish dominance. However, the index continues to trade above its 20-day, 50-day, and 200-day EMAs, indicating that the broader medium- to long-term trend remains intact. As long as these levels are held, the overall market bias is expected to remain constructive.
Immediate resistance lies at 25,800, followed by 25,940 and 26,000, while support is placed at 25,600 and 25,450. A breakdown below 25,300 may intensify downside pressure. A cautious approach remains suitable, with strict stop-loss discipline amid ongoing volatility.
| Nifty 50 View | Levels |
|---|---|
| Support | 25600-25300 |
| Resistance | 25800-26000 |
| Bias | Sideways |
Also know: Tomorrow market prediction

Bank Nifty began the week by registering a high of 59,251. After marking an all-time high of 60,437, the index witnessed profit booking for three consecutive sessions, reflecting short-term exhaustion at elevated levels and cautious sentiment among market participants. If selling pressure re-emerges and the index decisively breaks below 59,000, it could trigger a deeper corrective move toward the 58,700–58,600zone, with scope for further downside if weakness persists. On the upside, immediate resistance is placed at 59,500, followed by 59,850 and the psychological 60,000 mark.
The weekly RSI stands at 47.96 and is trending higher, signalling gradually improving momentum and underlying bullish undertones. Additionally, the index continues to trade comfortably above its 20-day, 50-day, and 200-day EMAs, reinforcing a structurally positive setup and supporting the continuation of the broader uptrend.
A convincing close above 59,500would strengthen bullish momentum, while failure to sustain above this level may result in short-term consolidation or mild weakness. Traders are advised to remain constructive yet disciplined, closely monitoring 58,800 as a key support and 59,500 as the crucial resistance for near-term directional cues
| Nifty Bank View | Levels |
|---|---|
| Support | 59000-58700 |
| Resistance | 59500-60000 |
| Bias | Sideways |
Technical Research - Team Choice gives the prediction.
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