Nifty Outlook: Range-Bound but Bias Turns Positive 📈

Technical View: Nifty ended near 25,170, slipping marginally by 7 points after a volatile session. The index continues to consolidate between 25,000–25,400, forming a base near short-term support zones. The RSI near 61 suggests positive momentum is returning, while the price remains comfortably above the 20- and 50-day EMAs — indicating that the short-term trend stays mildly bullish. Immediate support levels are placed at 25,090 and 24,950, while resistance is seen around 25,320–25,400. A sustained breakout above 25,400 could lead to a rally toward 25,650–25,750, while a drop below 24,950 may open the door to 24,750. Derivatives Data Insight: Highest Put OI: 25,000 – strong base support. Highest Call OI: 25,400 – key resistance zone. PCR near 1.0, showing a balanced market structure. India VIX near 10 indicates calm volatility, supporting a gradual uptrend. Fundamental View: The broader market sentiment is supported by stable global cues, easing crude prices, and strong domestic macro data. India’s manufacturing PMI and GST collections continue to stay healthy, while corporate earnings expectations for Q2FY26 remain optimistic, especially in financials, autos, and infrastructure. FIIs have turned neutral after recent outflows, and DIIs continue steady buying. Outlook: Market trend remains positive as long as Nifty sustains above 25,000. Traders should watch for a breakout above 25,400 for continuation toward 25,700+. Dips near 25,000–25,050 may offer buy-on-dip opportunities with a stop below 24,950 Bullish stocks to follow: