Nifty closed at 36,655.20, registering a 0.49% daily gain, and continues to trade firmly above its key short-, medium- and long-term averages, confirming a strong bullish structure across timeframes. All trend indicators (5, 21 & 63 days) remain bullish, reinforcing positive market breadth.

From a moving average perspective, Nifty is comfortably placed above its 20D SMA (35,562) and 20D EMA (35,583), indicating strong near-term support. The wide gap from the 200-day average near 30,120–30,012 highlights the strength of the primary uptrend.

Momentum indicators are supportive. RSI at 62 remains in bullish territory without showing exhaustion. MACD continues to trade above the signal line with a positive histogram, indicating sustained upward momentum. Stochastics and Williams %R suggest strong buying interest, though the index is approaching short-term overbought zones, hinting at possible consolidation at higher levels.

Volatility remains moderate (ATR ~66), which supports orderly upward movement rather than panic-driven swings. ADX at 16.7 indicates the trend is positive but not yet overheated, leaving room for further upside.

Key Levels to Watch

• Pivot Support: 36,460
• Immediate Support: 36,320 – 36,090
• Major Support: 35,720

• Immediate Resistance: 36,690 – 36,830
• Higher Resistance Zone: 37,200 – 37,570
• Upper Band Resistance: near 37,280

Overall, Nifty’s structure remains bullish, and dips towards the support zone are likely to attract buying interest. A sustained move above 36,700–36,850 could open the door for a test of 37,200+ in the near term, while 36,300 remains the key trend-defining support.