NIFTY 50 TECHNICAL & FUNDAMENTAL VIEW

 

NIFTY 50 TECHNICAL & FUNDAMENTAL VIEW (Chart timeframe: 1-Hour, Trend: Pullback inside Rising Channel)

🔍 Current Price Zone ➡️ CMP: 26,062 (approx.) ➡️ Index is trading near the lower trendline support of the rising channel.

📈 Technical View Trend Status Indicator Status Meaning MA 44 Price slightly below Weakness in short term MA 200 Strongly below price Long-term bullish structure intact RSI (14) 39.38 Near oversold – reversal possible

👉 The index is consolidating, showing signs of short-term weakness but long-term uptrend remains intact.

🧭 Support & Resistance Zone Type Levels Immediate Support 26,000 → 25,915 (200 MA) Major Support 25,750 → 25,500 Immediate Resistance 26,200 → 26,350 (44MA) Major Resistance 26,500 → 26,650

🎯 Trade Setup ✔ BUY if price holds above 26,000 Target Level T1 26,200 T2 26,350 T3 26,500 / 26,650

🛑 Stop Loss: 25,915

➡️ Best suited for pullback buying near support.

❌ SELL only if breakdown below 25,900 Target Level T1 25,750 T2 25,500 T3 25,250

🛑 Stop Loss: 26,150

➡️ Breakdown trade only if strong red candle closes below support.

⏳ Timeframe View View Trend Expectation Short Term (1–5 days) Neutral to Bearish Possible dip to 25,900–25,750 before bounce Medium Term (2–6 weeks) Bullish Higher high possible toward 26,700–27,000 if channel holds Long Term (3–12 months) Strong Bullish Target 28,500 → 30,000 with corrections

📊 Fundamental Outlook GDP Growth: Strong domestic demand and government capex continues to support markets.

FIIs Activity: Recent selling seen, but DIIs providing buying support.

Inflation: Under control; positive for rate-sensitive sectors.

Corporate Earnings: Broadly positive across banking, auto, infrastructure and PSU segment.

➡️ Economy and earning cycle remain strong — long-term structure bullish.

🧠 Conclusion 📍 NIFTY remains in a long-term uptrend but currently in a short-term correction zone. 📍 Key level to watch: 26,000 – 25,915.