📈 NIFTY 50 Technical Outlook: Momentum Strong, Rally Still Intact , strong support around 25600

📈 NIFTY 50 Technical Outlook: Momentum Strong, Rally Still Intact Nifty 50 continues to showcase remarkable strength as the index trades comfortably above both its 50-day and 200-day moving averages, reinforcing a dominant medium- to long-term uptrend. The structure of higher highs and higher lows reflects persistent institutional buying, while the RSI near 62 signals healthy momentum without overstretching. Although the Stochastic RSI sits in the overbought zone, it indicates the possibility of a mild pause—not a reversal. **Key Support Levels:** * **25,700 – 25,650:** Crucial support and first line of defence (near 50 DMA). * **25,000:** Psychological support zone. * **24,500:** Major long-term support aligned with the 200 DMA. **Key Resistance Levels:** * **26,200 – 26,250:** Immediate supply zone. * **26,500 – 26,800:** Next bullish continuation target range. With the index displaying strong breadth and the ability to absorb global volatility, the near-term outlook remains constructive. A sustained move above 26,200 could propel Nifty toward the 26,800 zone in the coming weeks, keeping India among the strongest markets globally. **Disclaimer:** This analysis is for informational purposes only and not investment advice. Follow for more expert technical insights.