NIFTY 50 at 25,968.6 (-0.30%) holds above crucial 50-DMA (25,717) and well above 200-DMA (24,705), maintaining structural bullish bias despite mild gap-down open. RSI neutral with day low 25,904.75 acting as strong support, Stochastic oversold bounce potential signaling intraday rebound; volume pickup supports momentum continuation. Pivot supports 25,850-25,900 intact for buy-on-dips toward R1 26,100-26,250; accumulate above 25,920 with stops below 25,900 for targets 26,300+.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.