*Technical outlook on Nifty as of Friday, 27โฏJuneโฏ2025 ๐*
๐ Technical Summary
Strong bullish breakout: On Juneโฏ26, Nifty surged +304โฏpoints (+1.21%), forming a long bullish marubozu candle that decisively broke through the 24,500โ25,200 consolidation range .
Momentum indicators bullish: RSI sits at ~66 (below overbought), and MACD, Stochastic RSI, and Bollinger Bands all flashed positive crossโovers, signaling continued upside momentum .
Key resistance zone: Immediate hurdles lie in the 25,650โ25,750 zone (also pivot-based resistances: 25,575, 25,647, 25,763) .
*Next upside targets: Technical targets range between 25,800โ26,000, with analysts leaning toward 25,800โ26,000 next week, assuming global factors stay favorable* .
Support levels: Key support zones are 25,400, 25,200โ25,307, and a broader floor at 24,800โ24,500 .
Derivatives insight: Call-writing resistance near 25,200 may weigh on upside momentum, while significant put-writing around 25,200 offers a potential zone of support .
๐ Price Outlook
Scenario Key Levels Notes
Bullish Break above 25,650 โ target 25,800โ26,000 Continued momentum; watch global cues
Cautious Pullback to 25,400โ25,500 Looks healthy โ potential dip buying zone
Bearish risk Breakdown below 25,200 Could revisit 24,800โ24,500 support
๐ Macro & Sentiment Context
Foreign inflows surged: FIIs poured โน125.9โฏbillion (~$1.5โฏb) into Indian equities on Thursday โ the largest inflow in nine months .
Global tailwinds: Eased Middle-East tensions, a softer US dollar, and hopes for an early Fed rate pivot are supporting markets .
Bank Nifty strength: Bank-specific index hit a fresh high on short-covering ahead of F&O expiry โ a bullish signal for broader market sentiment .
๐ ๏ธ Trading/Positioning Tips
*Momentum trades: A fresh long position on a sustained break above 25,650 may target 25,800โ26,000* .
Protective stops: Bulls could trail stop-loss around 25,400 or 25,200, depending on risk appetite.
Dip-buy strategy: Near-term pullbacks to 25,400 or deeper to the 25,200โ24,800 support zone could present low-risk long entries.
