Nifty & Nifty Bank Technical Analysis by Samco Securities
by Om Mehra, Technical Research Analyst, SAMCO Securities
đź•— Last Update: 27 October 2025, 8.00 PM
Nifty Springs Back After a Pause, Rally Expected to Continue Further
Nifty ended the session at 25,966.05, up 0.66%, resuming its upward journey after a brief pause in the previous sessions. The index opened on a firm note and sustained strength through the day, forming a bullish candle that signalled renewed optimism and steady participation.
The recent move confirms a continuation setup, as Nifty rebounded sharply above the support zone. The index remains well placed above its key moving averages, while the RSI at 71 stays firm, hinting at persistent momentum. The MACD remains positive with rising histogram bars.
The support remains around 25,800, followed by 25,750, while the resistance remains near 26,100–26,120. A close above this zone could open the door for Nifty towards the all-time high of 26,277.35, attained in September 2024.
Nifty remains firm, with the recent pause appearing as a healthy consolidation within the broader upmove. Unless the index falls below 25,700, the short-term outlook remains positive, with potential for further upside.
Nifty Bank ended the session at 58,114.25, gaining 0.72%. The index opened on a stable note and maintained strength throughout the day, forming a bullish candle after a pause in the prior sessions. The index rebounded from the near-term support around the 57,650 zone, which aligns with the 23.6% Fibonacci retracement.
The index took support from the 9 EMA and remains well above all key moving averages, suggesting that the uptrend remains intact. The RSI at 72 signals sustained strength, while the MACD stays firmly oriented upward. The upward-sloping short-term trendline remains well defended, adding to the overall strength of the current setup.
The support is placed near 57,800–57,600, while resistance is seen around 58,300–58,500. A close above this range could lead to a new all-time high. Dips are likely to be viewed as opportunities for accumulation within the ongoing rally.
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