Nifty fell below 5-DEMA & 25170 trendline but closed with a narrow candle, showing balanced demand-supply - Tradebulls Securities Pvt Ltd
Nifty
Nifty extended its decline after slipping below the 5-DEMA and breaching trendline support at 25170, but once again ended with a narrow-ranged candle and longer wicks, reflecting balanced demand–supply and periodic buying support. With the index drifting closer to the psychological 25000 mark, focus now turns to the upcoming RBI MPC meet (Sept 29–Oct 1, 2025), which could act as the next key trigger. Technically, the broader uptrend remains intact as Nifty trades comfortably above its 5-WEMA at 24988 and 20-DEMA at 25040, making this zone a healthy accumulation pocket, while downside may extend towards the 50-DEMA at 24930 before the corrective wave concludes. A sustained move above 25200, however, would be required to trigger short covering and open the path towards 25670 and potentially the 26000 milestone in the coming weeks, while traders are better off staying cautious and focusing on relative outperformers until such a breakout emerges.
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