Marina Lyubimova
⬤ NIFTY is currently trading around 25,700, stalling just below a key resistance zone on the weekly chart. The index remains in a solid long-term uptrend despite the potential for a near-term pullback. Price action shows consolidation at resistance after a strong rally, suggesting the market is gathering strength rather than breaking down.
⬤ The index could see a corrective dip toward the 24,400–24,500 range in the coming weeks. This level matches up with previous support areas visible on the chart and would be a normal retracement within the broader uptrend. The pattern of higher lows over recent months indicates any downside should stay corrective rather than signal a trend reversal.
⬤ Looking ahead, the bullish phase is expected to resume around March 2026 after this consolidation plays out. The projected trajectory shows NIFTY potentially climbing toward 35,000–37,000 by late 2027, representing a gradual trend advance rather than a quick spike. This outlook points to an accumulation period before the next major move higher.
⬤ This setup matters for Indian equity markets overall, as NIFTY typically reflects broader risk sentiment. The sustained bullish structure—even with temporary corrections—suggests volatility periods are building blocks for the trend rather than warning signs of exhaustion. Major downside risks aren't expected until significantly higher levels are reached, keeping the focus on long-term gains over short-term swings.
Marina Lyubimova
