NIFTY Monthly Chart β 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.
β 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:
π Long-term bullish
π Short-term corrective
π΄ Major Resistance Zones
These are selling / supply areas:
π Immediate Resistance
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25,800 β 26,000
(Recent top rejection zone)
π Strong Resistance
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26,300 β 26,600
If Nifty goes above this on monthly close β fresh breakout
π’ Major Support Zones
These are buying / demand areas:
π Immediate Support
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25,000 β 24,800
Psychological + recent swing support.
π Strong Support
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24,200 β 24,000
Previous breakout area. Very important.
π Major Structural Support (if market turns weak)
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22,800 β 23,000
Last strong base before big rally.
π§ Candle Insight (Important)
This month formed a large red candle near highs β
That usually means:
β Distribution at top
β Institutions booking profit
β Possible 1β3 months consolidation or correction
Not a crash signal yet β only cooling phase.
π― Probable Scenarios
πΉ Scenario 1 (Most likely)
Nifty ranges between:
π 24,800 β 26,000
Sideways for few months.
πΉ Scenario 2 (Bullish)
Monthly close above 26,600
β‘ Next targets: 27,500 β 28,000
πΉ Scenario 3 (Bearish)
Break below 24,000
β‘ Can slide to 23,000
(only if global markets also weak)
β Simple Trading / Investment View
If Investor:
Remain invested.
Add more near 24k zone.
If Trader:
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Buy near 24,800β25,000
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Book near 25,800β26,000
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Strict stop below 24,500
Summary:
π’ Long term: Bullish
π‘ Short term: Corrective / Range bound
π Key range: 24,800 β 26,000
π NIFTY β Weekly + Short-Term Outlook (Feb 2026)
Current zone (from your chart): ~25,320
Market is in pullback mode after making ATH near 26k.
π’ Weekly Trend
Still bullish structurally, but momentum is cooling.
Weekly structure:
Higher High β Higher Low still intact
But last candles show selling pressure near top.
This usually means:
π Range-bound or mild correction before next move.
π Important Levels (Feb Series)
π’ Supports (Buy Zones)
S1: 25,000 β 24,850
Psychological + recent swing.
S2: 24,400 β 24,200
Very strong support.
Good positional buying zone.
S3 (Worst case):
23,000 β 23,300
Only if global markets crash.
π΄ Resistances (Sell Zones)
R1: 25,800 β 26,000
Immediate supply.
R2: 26,300 β 26,600
Major breakout zone.
Close above β new rally starts.
π― Feb Expiry Expected Range
Most probable:
π 24,800 β 26,000
Unless big global news.
π§ Option Writers Logic (Simple)
Currently likely:
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Heavy Put writing near 24,500β25,000
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Heavy Call writing near 26,000
Means market trapped in this range.
β‘ Simple Strategy Ideas (Educational)
πΉ Conservative Trader
Buy near 25,000
SL: 24,500
Target: 25,800
πΉ Range Trader
Buy 25k PE support
Sell near 26k CE resistance
πΉ Investor
Accumulate in dips toward 24,200
β Final Summary
π Trend: Bullish (long term)
π Short term: Consolidation
π Support: 25k β 24.2k
π Resistance: 25.8k β 26.6k
π Feb Range: 24.8kβ26k

