Nifty & Nifty Bank Technical Analysis by Samco Securities
by Om Mehra, Technical Research Analyst, SAMCO Securities
đź•— Last Update: 25 September 2025, 8.00 PM
Nifty Extends Losing Streak, Support Shifts to 24,800
Nifty ended the session at 24,890.85, down 0.66%, marking its fifth consecutive decline. The index opened near 25,035, made an intraday high of 25,092.70, but slipped to a low of 24,878.30 before closing marginally above this mark.
The daily chart shows a large bearish candle, emphasising the sustained weakness after failing to hold above the retracement zone. The index has now slipped below the 50% Fibonacci retracement, placed at 24,930, and the 61.8% retracement, at 24,800, will act as a key short-term level to monitor. A close below this support could extend the weakness further.
On the upside, 25,050–25,120 has turned into a strong resistance zone, and only a close above this zone would signal a reversal in the short-term trend.
The RSI has slipped further to 46, indicating a loss of strength. The MACD has moved into negative territory, with a bearish crossover and contracting histogram bars. The middle Bollinger band at 24,970 has also been breached.
However, the broader trend still retains a bullish outlook on the higher timeframe. The recent sessions reflect a pullback. A close below 24,800 would indicate deeper weakness, while holding above 25,120 would maintain a positive trend. The India VIX has remained calm and stable over the last couple of weeks, settling at 10.78, though a move above 11.20 would likely lead to higher volatility in the coming sessions.
Nifty Bank ended the session at 54,976.20, down 145.30 points or 0.26%, extending its corrective move after failing to sustain above the 55,500 mark. The daily chart displays a bearish candle with a close below the short-term retracement band, signalling a weakening trend.
The index is now hovering close to the 38.2% retracement at 54,950, and slipping below this zone could open the way for a further decline towards 54,700, followed by 54,500. On the higher side, 55,300 has turned into immediate resistance, and a close above this zone would be required to indicate a potential reversal.
The RSI has eased to 49 from its recent high above 57, while the MACD remains in positive territory. Nifty Bank continues to trade below the 9, 50, and 100 EMAs, while still holding above the 20 EMA. This alignment reflects a mixed setup, with short-term pressure persisting but medium-term support still intact.
The short-term trend remains slightly weaker and may require some more time to complete its correction. A close above 55,300 will be important to revive upward momentum.
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