Nifty 50 has come down again. The price action since the beginning of this week indicates that the index is struggling to get a strong follow-through rise to sustain above the psychological 26,000 mark. Nifty is currently trading at 25,943, down 0.42 per cent. The advances/declines ratio is at 7:43. This is negative and indicates that more fall is possible from here.
Nifty 50 outlook
Nifty (25,943) has good intraday supports at 25,870 and 25,830. A low of 25,892 has been seen so far. We expect the downside to be limited to 25,830. As such Nifty can bounce back from anywhere in the 25,870-25,830 region. That in turn can take the index up to 26,000-26,100 again. A decisive break above 26,100 is needed to see further higher levels.
Nifty will come under more selling pressure only if it breaks below 25,830. Such a break will be bearish for a fall to 25,700.
Nifty 50 Futures
The Nifty 50 November Futures (26,090) contract is down 0.57 per cent. Immediate support is around 26,060. Below that, 26,000-25,970 is the next important support zone. An intraday fall to 26,000 cannot be ruled out.
To avoid this fall, the contract has to sustain above 26,060 and break above 26,200. Only then the downside pressure will ease. If that happens, a rise to 26,300-26,400 can be seen.
Trade Strategy
The risk/reward ratio does not favour both a long and short position at the moment. So, it is better to stay out of the market today.
Supports: 26,060, 25,970
Resistances: 26,200, 26,300
Published on October 30, 2025
