Exclusive Technical Analysis of the Market by Nagaraj Shetti
Senior Technical Research Analyst, HDFC Securities
🕗 Last Update: 25 September 2025, 6.00 AM
🔔 Nifty Market Update – 26 September 2025
The downside momentum continued in the market for the fifth consecutive sessions on Thursday and Nifty closed the day lower by 166 points. After opening on a weak note, the market continued to slide down for the whole session. Minor recovery attempt in between has been faltered and Nifty closed near the lows.
A long bear candle was formed on the daily chart with upper shadow. Technically, this market action indicates strong downside momentum. Nifty is now placed at the edge of moving below the cluster support of around 24900 levels (ascending trend line and 10week EMA). This is not a good sign.
The underlying trend of Nifty continues to be weak. A sharp move below 24900 could possibly open further weakness down to 24700-24600 levels in the near term. Any sustainable bounce above 25100 is likely to confirm near term bottom reversal in the market.
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