Nifty slips below 5-DEMA; buying seen near 25170 ahead of RBI MPC - Tradebulls Securities Pvt Ltd
Nifty
Nifty closed below its 5-DEMA support but formed a narrow-ranged candle with longer wicks, reflecting balanced demand-supply dynamics and visible buying interest near the expected trendline support of 25170. While the 15-day bullish streak came to a halt, there was no reversal candlestick formation to suggest any major weakness. With the index inching closer to the psychological 26000 mark, investors are now awaiting the upcoming RBI MPC meeting (Sept 29–Oct 1, 2025) as the potential trigger, especially if liquidity-friendly measures are announced. Technically, the index remains in a strong uptrend, trading comfortably above its 5-WEMA at 24988 and 20-DEMA at 25026, while maintaining its higher-top, higher-bottom structure. Indicators are yet to signal overbought conditions, keeping the door open for further upside. On declines, the 25170–25000 zone may act as a fresh accumulation area for long positions, whereas a sustained move above the 25200 cluster could spark short covering and pave the way for a decisive breakout towards the 26000 milestone.
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