Sharing today’s updated chart because the market continues to send a very clear message:
The trend remains up, but the index is repeatedly facing selling pressure at the same supply zone.
1. Rising Channel Still Intact (Trend Not Broken)
Nifty continues to respect its ascending channel:
Higher highs & higher lows
Channel support still untouched
Pullbacks remain controlled
The broader uptrend remains healthy.
2. But the 26,300–26,350 Zone Is Showing Persistent Supply
Today’s candle once again reflects:
Rejection near the upper band
Lack of momentum above 26,300
Sellers stepping in at the same level for the third time
This confirms that big players are still distributing near the top, keeping upside capped.
3. FIIs Selling Into Strength, DIIs Absorbing Declines
Recent data shows:
FIIs continue to lighten positions at higher levels
DIIs continue providing support around the 26,000 zone
This pattern is clearly visible on the chart:
Supply at the upper channel, demand near the mid-channel.
4. Key Levels for Today
Resistance: 26,300–26,350
Immediate Support: 26,000
Crucial Support of the Day: 25,970
Major Swing Support: 25,500 → 25,300
Important:
A close above 25,970 is crucial today.
Holding this level preserves the short-term bullish structure and keeps the channel trend intact.
A close below it may lead to a deeper test toward 25,900 → 25,500.
5. Price Action Is Validating Our Previous Levels
The recent moves are validating the levels and behaviour we’ve been highlighting in our previous updates.
The index is responding exactly to the zones discussed earlier — repeated supply near 26,300 and consistent buying interest near the channel midpoint.
What I’m Watching Next
Can Nifty defend 25,970 on closing basis?
Will FIIs continue selling near the upper band?
Can DIIs hold the market again near 26,000?
Is more time-based consolidation needed?
A decisive close above 26,300 to confirm strength
Final Thought
The market isn’t breaking down —
but it’s also not showing the conviction needed for a strong breakout.
Big players are cautious at higher levels, even as the trend remains structurally positive.
Trend intact. Momentum fading. Key support at 25,970 becomes the level to watch today.
The trend remains up, but the index is repeatedly facing selling pressure at the same supply zone.
1. Rising Channel Still Intact (Trend Not Broken)
Nifty continues to respect its ascending channel:
Higher highs & higher lows
Channel support still untouched
Pullbacks remain controlled
The broader uptrend remains healthy.
2. But the 26,300–26,350 Zone Is Showing Persistent Supply
Today’s candle once again reflects:
Rejection near the upper band
Lack of momentum above 26,300
Sellers stepping in at the same level for the third time
This confirms that big players are still distributing near the top, keeping upside capped.
3. FIIs Selling Into Strength, DIIs Absorbing Declines
Recent data shows:
FIIs continue to lighten positions at higher levels
DIIs continue providing support around the 26,000 zone
This pattern is clearly visible on the chart:
Supply at the upper channel, demand near the mid-channel.
4. Key Levels for Today
Resistance: 26,300–26,350
Immediate Support: 26,000
Crucial Support of the Day: 25,970
Major Swing Support: 25,500 → 25,300
Important:
A close above 25,970 is crucial today.
Holding this level preserves the short-term bullish structure and keeps the channel trend intact.
A close below it may lead to a deeper test toward 25,900 → 25,500.
5. Price Action Is Validating Our Previous Levels
The recent moves are validating the levels and behaviour we’ve been highlighting in our previous updates.
The index is responding exactly to the zones discussed earlier — repeated supply near 26,300 and consistent buying interest near the channel midpoint.
What I’m Watching Next
Can Nifty defend 25,970 on closing basis?
Will FIIs continue selling near the upper band?
Can DIIs hold the market again near 26,000?
Is more time-based consolidation needed?
A decisive close above 26,300 to confirm strength
Final Thought
The market isn’t breaking down —
but it’s also not showing the conviction needed for a strong breakout.
Big players are cautious at higher levels, even as the trend remains structurally positive.
Trend intact. Momentum fading. Key support at 25,970 becomes the level to watch today.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.