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11 Sep 2025
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Technical Outlook and Short-Term View - September 11, 2025
Technically, the Nifty formed a small bullish candle on the daily chart. Although it broke above the 25,000 mark, the lack of strong volume indicates the market remains within a consolidation range.
The key resistance zone lies between 25,000–25,100; if this range is not convincingly breached within the next 1–2 days, there may be short term pullback pressure, with support near 24,800. Bank Nifty performed relatively stronger, closing above both the 20-day and 10-day moving averages. If it breaks above 54,900, it may further rally towards 55,400. I recommend continuing with a “buy on dips” strategy, focusing on blue chip and thematic stocks aligned with the index trend, such as those in defense, railways, and energy sectors, to align with sectoral fund rotation.
The key resistance zone lies between 25,000–25,100; if this range is not convincingly breached within the next 1–2 days, there may be short term pullback pressure, with support near 24,800. Bank Nifty performed relatively stronger, closing above both the 20-day and 10-day moving averages. If it breaks above 54,900, it may further rally towards 55,400. I recommend continuing with a “buy on dips” strategy, focusing on blue chip and thematic stocks aligned with the index trend, such as those in defense, railways, and energy sectors, to align with sectoral fund rotation.