Nifty extended its decline, breaching the trendline support at 25170 and slipping below the 50-DEMA (24930) - Tradebulls Securities Pvt Ltd
Nifty
Nifty extended its decline, breaching the trendline support at 25170 and slipping below the 50-DEMA (24930). Unlike the narrow-ranged candles of the past four sessions—which reflected a balanced demand-supply zone with intermittent buying support—this session closed with a long-ranged bearish candle near its day’s low, signalling incremental selling pressure. The index now hovers around the psychological 25000 mark, which flips into an immediate resistance. The upcoming RBI MPC meet (Sept 29 – Oct 1, 2025) is set to be the next key trigger for directional clarity. On the technical front, the critical zone lies between 24988 (5-WEMA) and 25,040 (20-DEMA). A comfortable trade above this band would threaten the broader corrective structure, while downside risk was expected to extend towards the 50-DEMA (24930) before a potential relief base forms. A low PCR reading suggests scope for such a relief rally. For upside confirmation, a sustained move above 25200 is essential to trigger short-covering, which could open the path towards 25670 and eventually the 26000 milestone in the coming weeks. Until then, traders are advised to remain cautious and focus on relative outperformer.
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