LTP: 25,722
Supports: 22,034 / 21,734, 15,182, 7,507Resistance: 26,278
Trend: Bullish above 22,000
📈 Overview
Nifty continues to trade within a strong long-term uptrend, supported by a clear Elliott Wave structure. The index has completed Waves (1), (2), (3), and (4), and is now progressing in Wave (5). As long as the 22,000–21,734 zone holds, the broader trend remains bullish.
🧭 Technical View
Primary Trend: Uptrend within a rising channel (pink trendlines).
Short-Term Resistance: 26,278 – a breakout above this zone could trigger fresh momentum.
Immediate Supports: 25,013 and 24,334 act as near-term cushions.
Major Supports: 22,034 and 21,734 are key structural levels — as long as these hold, bulls remain in control.
The RSI (14) is hovering near 58 — neutral and healthy, suggesting there’s still room for further upside before the market becomes overbought.
🎯 Upside Targets
If Nifty sustains above 22,000 and breaks 26,278 decisively, the next possible milestones are:
28,000 – 28,877 (near-term target zone)
30,500 (medium-term target)
34,000 – 37,000 (long-term projection zone for Wave 5)
⚠️ Alternate View
If Nifty closes below 22,000 / 21,734, the bullish setup will weaken. In that case, a deeper correction toward 15,000 cannot be ruled out. However, at present, this remains a low-probability scenario.
🧩 Summary
Direction View Key Levels Targets
Short-Term Range to Positive Support: 24,334 / 25,013 26,278 → 28,000
Medium-Term Bullish Above 22,000 can see 30,000 – 34,000
Long-Term Strong Bull Trend Support: 21,734 37,000+
🗣️ Conclusion
Nifty remains in a firm uptrend as long as 22,000 support holds. Traders can look for buying opportunities on dips, while positional investors can ride the trend toward higher targets. A breakout above 26,278 would confirm the next leg of the rally toward 28,000 and beyond.
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