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Market News:

* Titagarh Rail Systems will issue 21 crore convertible warrants at Rs.947 each to its promoter group on a preferential basis, raising Rs.200 crore with 25% upfront payment.

* Dynamatic Technologies Ltd. has joined hands with Larsen & Toubro Ltd. and Bharat Electronics Ltd. as part of a consortium for India’s fifth-generation fighter aircraft program.

* SEPC secured multiple orders totaling Rs.551 crore in the first half of FY26

Technical Summary:

The index opened on a weak note and extended its four-day pattern of lower highs and lower lows, remaining subdued throughout the session. The momentum indicator MACD has shown a bearish crossover, leading to the formation of a sizable bearish candlestick on the daily chart — signaling caution for the near term. On the sectoral front, Consumer Durables was the only gainer, while CPSE and Defense sectors emerged as the major underperformers of the day.

Levels to watch:

The Nifty has its crucial resistance 25800 (Multiple Touches) and 25900 (Key Resistance). While support on the downside is placed at 25500 (Pivot Level) and 25400 (Key Support).

What should short term traders expect?

The Index can short below 25600 for the potential target of 25500 with stop loss 25670 of level.

Technical Data Points

NIFTY SPOT: 25587 (-0.68%)

TRADING ZONE:

Resistance: 25800 (Multiple Touches) and 25900 (Key Resistance).

Support: 25500 (Pivot Level) and 25400 (Key Support).

STRATEGY: BULLISH TILL ABOVE 25400 (Key Support).

BANK NIFTY SPOT: 57793 (-0.53%)

TRADING ZONE:

Resistance: 58300 (Pivot Level) / 58600 (Key Resistance)

Support: 57500 (Pivot Level) / 57000 (Key Support)

STRATEGY: BULLISH TILL ABOVE 57000 (Key Support)

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer