Nifty50 Technical Analysis for 23rd October 2025: Bulls Eyeing 26,000 Mark
Nifty50 closed at 25,868.60, marginally higher by 0.10%, sustaining its upward momentum for the sixth consecutive session. The index has shown strong resilience and continues to trade above all key moving averages — 20, 50, 100, and 200-day EMAs — indicating a solid bullish structure
Chart Insights:
- Trend: Uptrend remains intact with higher highs and higher lows formation.
- Moving Averages:
The short-term EMA cluster (20 & 50-day) around 25,200–25,400 is acting as a strong support zone. - RSI: Currently at 72, suggesting mild overbought conditions. However, it has not yet given any divergence signal, implying that bulls still hold control.
- Volume: Moderate volume supports the ongoing rally, showing steady participation from institutional buyers.
Key Levels to Watch:
- Immediate Resistance: 25,950 – 26,000 (psychological barrier and upper band of the current rally).
- Immediate Support: 25,600 – 25,500 (minor retracement zone).
- Major Support: 25,200 (aligned with 20-day EMA).
Trading Strategy for Thursday (23.10.2025):
- 📈 Buy Zone: Above 25,900 on a sustained breakout.
Target: 26,100 / 26,250
Stop Loss: 25,720 - 📉 Sell Zone: If the index slips below 25,600 decisively.
Target: 25,400 / 25,250
Stop Loss: 25,750
Expert View:
The overall market sentiment remains bullish, supported by global cues and domestic liquidity. However, traders should remain cautious near 26,000 levels, as profit booking may emerge in the short term. Dips towards 25,500–25,600 can be considered healthy buying opportunities as long as Nifty sustains above 25,200.
Conclusion:
Nifty50 is in a strong uptrend, with 26,000 acting as a short-term hurdle. Momentum indicators suggest slight caution due to overbought levels, but the underlying tone remains bullish. Traders can adopt a “buy-on-dips” approach with strict stop losses.
Disclaimer
The views and analysis provided above are for educational and informational purposes only and should not be considered as financial or investment advice. Trading and investing in the stock market involve risk, and past performance does not guarantee future results.
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