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Nifty

A confluence of macro tailwinds has rekindled optimism in Indian equities, with the latest Fed rate cuts adding fuel to sentiment and powering the index through a steady 15-day up move. Yet, as the market edges closer to the psychological 26000 mark, investors are eyeing the next trigger to sustain momentum. The upcoming RBI MPC meeting (Sept 29–Oct 1, 2025) could emerge as that catalyst, should liquidity-friendly measures be introduced. Technically, the index remains in a robust uptrend, trading comfortably above its 5-WEMA support at 24988. On the daily scale, it is holding firm above the 5-DEMA at 25276 and the 20-DEMA at 25008. Despite the higher-top, higher-bottom structure, trend indicators are yet to reach overbought levels, suggesting further upside potential. Declines towards the 25170-25000-support zone may attract fresh long positions, while sustained trade above the 25200–25300 cluster could ignite short covering and pave the way for a decisive breakout beyond 26000.

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