NIFTY Monthly Chart – Technical View
Current close shown: ~25,320
You can see a strong long-term uptrend, but the latest candle is a sharp bearish month (~-3%), coming after a rally near all-time highs.
This usually signals profit booking + short-term correction phase inside a bigger uptrend.
✅ Trend (Big Picture)
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Primary trend: Bullish (higher highs + higher lows since 2020)
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Current phase: Pullback / consolidation from top
So:
👉 Long-term bullish
👉 Short-term corrective
🔴 Major Resistance Zones
These are selling / supply areas:
📌 Immediate Resistance
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25,800 – 26,000
(Recent top rejection zone)
📌 Strong Resistance
-
26,300 – 26,600
If Nifty goes above this on monthly close → fresh breakout
🟢 Major Support Zones
These are buying / demand areas:
📌 Immediate Support
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25,000 – 24,800
Psychological + recent swing support.
📌 Strong Support
-
24,200 – 24,000
Previous breakout area. Very important.
📌 Major Structural Support (if market turns weak)
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22,800 – 23,000
Last strong base before big rally.
🧠 Candle Insight (Important)
This month formed a large red candle near highs →
That usually means:
✔ Distribution at top
✔ Institutions booking profit
✔ Possible 1–3 months consolidation or correction
Not a crash signal yet — only cooling phase.
🎯 Probable Scenarios
🔹 Scenario 1 (Most likely)
Nifty ranges between:
👉 24,800 – 26,000
Sideways for few months.
🔹 Scenario 2 (Bullish)
Monthly close above 26,600
➡ Next targets: 27,500 → 28,000
🔹 Scenario 3 (Bearish)
Break below 24,000
➡ Can slide to 23,000
(only if global markets also weak)
⭐ Simple Trading / Investment View
If Investor:
Remain invested.
Add more near 24k zone.
If Trader:
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Buy near 24,800–25,000
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Book near 25,800–26,000
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Strict stop below 24,500
Summary:
🟢 Long term: Bullish
🟡 Short term: Corrective / Range bound
🔑 Key range: 24,800 – 26,000
📈 NIFTY – Weekly + Short-Term Outlook (Feb 2026)
Current zone (from your chart): ~25,320
Market is in pullback mode after making ATH near 26k.
🟢 Weekly Trend
Still bullish structurally, but momentum is cooling.
Weekly structure:
Higher High → Higher Low still intact
But last candles show selling pressure near top.
This usually means:
👉 Range-bound or mild correction before next move.
🔑 Important Levels (Feb Series)
🟢 Supports (Buy Zones)
S1: 25,000 – 24,850
Psychological + recent swing.
S2: 24,400 – 24,200
Very strong support.
Good positional buying zone.
S3 (Worst case):
23,000 – 23,300
Only if global markets crash.
🔴 Resistances (Sell Zones)
R1: 25,800 – 26,000
Immediate supply.
R2: 26,300 – 26,600
Major breakout zone.
Close above → new rally starts.
🎯 Feb Expiry Expected Range
Most probable:
👉 24,800 – 26,000
Unless big global news.
🧠 Option Writers Logic (Simple)
Currently likely:
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Heavy Put writing near 24,500–25,000
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Heavy Call writing near 26,000
Means market trapped in this range.
⚡ Simple Strategy Ideas (Educational)
🔹 Conservative Trader
Buy near 25,000
SL: 24,500
Target: 25,800
🔹 Range Trader
Buy 25k PE support
Sell near 26k CE resistance
🔹 Investor
Accumulate in dips toward 24,200
✅ Final Summary
📌 Trend: Bullish (long term)
📌 Short term: Consolidation
📌 Support: 25k → 24.2k
📌 Resistance: 25.8k → 26.6k
📌 Feb Range: 24.8k–26k

