Nifty 50 is showing signs of strength again, climbing steadily through the Wednesday session and holding near its recent peaks. As of the afternoon, the index hovered just below 25,250, flirting with resistance but not looking exhausted just yet.
Markets got a bit of breathing room thanks to a global equity rebound and easing geopolitical tension. The Iran–Israel ceasefire came through at just the right time, calming nerves and pulling investors back into risk. That sentiment shift was visible across Asia and Europe , and India rode the wave with confidence.
What’s Driving This Upmove?
There’s no single headline doing the heavy lifting. Instead, it’s a combination of things:
- The ceasefire news cooled oil price fears, which often spook Indian equities.
- Foreign investors came back into the picture, albeit cautiously.
- Domestic buying hasn’t stopped -banks, IT, and midcaps are still well-bid.
IT stocks were particularly strong, riding the global tech bounce. Reliance also chipped in, while private banks helped hold the floor. It wasn’t a blowout rally, but there was clearly more buying than selling, and that’s what counts right now.
Nifty 50 Chart Analysis Today
On the hourly chart, Nifty remains in breakout territory, with the latest move pushing it above short-term congestion around 24,800. That zone now flips to support.
- Current price: 25,244.75
- Immediate resistance: 25,344
- Next major resistance: 25,600
- Support levels: 24,797.75 ,24,184.85 , 23,788.25
What’s Next For Nifty 50?
It’s tempting to call this a breakout, but the 25,344 zone is sticky. Traders will likely stay cautious around that mark, especially with no fresh macro catalysts lined up.
If Nifty dips, look at 25,000–25,100 as the zone where buyers might step back in. If it breaks clean above 25,344, though, things could accelerate quickly toward 25,600.
The market is leaning bullish, but not blindly euphoric. It’s a constructive chart, just not a runaway rally. Yet.