Nifty 50 has recovered very much after opening the day with a wide gap-down. The index touched a low of 25,211.60 in the early trades and has risen back sharply from there. It is currently trading at 25,320, marginally down by 0.03 per cent. The advances/declines ratio is at 30:20. This is positive. This trend has to sustain in order to push Nifty higher during the day. Else, there is a danger of the index falling back again. We will have to wait and watch.
Nifty 50 Outlook
Strong support is around 25,200 which is holding well for now. Resistance is at 25,360 which can be tested during the day now. Nifty has to surpass this hurdle in order to ease the downside pressure. Only then a rise back to 25,450-25,500 will come into the picture.
Failure to breach 25,360 can drag the Nifty down to 25,250-25,200 again. The region around 25,200 is a key support. A break below it can take the index down to 25,100-25,000 in the coming sessions.
Nifty 50 Futures
The Nifty 50 September Futures (25,390) are down about 0.1 per cent. The contract fell to a low of 25,293 initially and then has risen back sharply from there. Resistance is in the 25,400-25,435 region. The contract has to breach 25,435 decisively to gain bullish momentum. Only then the doors will open for a rise to 25,500-25,550.
A downward reversal anywhere from the 25,400-25,435 region can drag the Nifty 50 September Futures contract down to 25,300-25,270.
Trade Strategy
Considering the presence of the resistance and the chances of a downward reversal again, we suggest traders to stay out of the market today. Wait for a breakout above 25,435 or dips to consider long positions.
Supports: 25,340, 25,270
Resistances: 25,400, 25435
Published on September 22, 2025
