Nifty is trading in red now. It touched a high of 25,448.55 on Thursday and has been coming down from there. This could just be a short-lived corrective dip on the back of some profit taking. The broader view remains bullish. As such, we can expect the Nifty to resume its upmove eventually.
Nifty is currently trading at 25,326, down 0.38 per cent. The advances/declines ratio is at 18:32. If this sustains, then the index can fall more during the day.
Nifty 50 Outlook
The resistance in the 25,400-25,450 has held very well. There are good chances to see a dip to 25,250 or 25,200 in the coming sessions. But thereafter we can expect the Nifty to reverse higher again and resume the broader uptrend. That leg of move can take the index up to 25,500-25,600 in the coming days.
In case the Nifty breaks below 25,200, then there can be an extended fall to 25,000. However, a fall beyond 25,000 is less likely.
Nifty 50 Futures
The Nifty 50 September Futures (25,383) is down 0.5 per cent. Intraday resistance is in the 25,500-25,550 region. Immediate support is at 25,370. A break below it can drag the contract down to 25,250-25,230 in the coming sessions.
A bounce back from the 25,250-25,230 support zone can take the Nifty 50 September Futures contract up to 25,400 again.
Failure to bounce back from this support zone and a break below 25,230 will increase the selling pressure. That in turn can drag the contract down to 25,100-25,050.
Trade Strategy
Since the corrective fall can extend during the day, we suggest traders to stay out of the market today. See how the market closes for the week today and trades can be taken accordingly next week.
Supports: 25,230, 25,100
Resistances: 25,500, 25,550
Published on September 19, 2025