Nifty outlook for 29/09/2025

 Nifty 50 is expected to remain under pressure on 29 September 2025, continuing a recent downtrend. Technical indicators suggest the short-term trend is bearish, with immediate support levels at 24,500 and 24,350, and key resistance between 24,800 and 25,000

 

Market Sentiment and Technical Levels

·         Nifty closed last week at 24,654.70 after a 236.15-point drop, marking the sixth consecutive session in the red, with broad-based selling in IT and pharma sectors

·         The chart formation and technical oscillators indicate further weakness is possible, especially if Nifty fails to hold above 24,500

·         Resistance for a potential pullback is at 24,800 and a decisive move above 24,900–25,000 is required to reverse the current bearish tone

Short-Term Market Outlook

1.   Nifty breaks below 24500 further downside to 24300 is likely; volatility may increase due to month-end derivatives expiry.

2.   Momentum idicators remain negative, but oversold conditions could trigger a temporary pullback-any sustained move above 24800 may lead to recovery attempts.

 3.      Macro headwinds such as weak gloabal cues and currency volatility, in addition to US Policy uncertainty may continue to weigh on sentiment.