Nifty’s 25,000 dilemma: Stuck in a 1,000-point range for 19 sessions, Will the index break free?
[hfe_template id='11223']
[ad_1]
India’s benchmark Nifty index rallied sharply from a low of 21,744 to hit a 2025 high of 25,116 — a gain of 3,372 points or 16%. However, since then, it has remained stuck in a narrow 1,000-point range, struggling to sustain a breakout above the 25,000 mark. Experts caution that this sideways phase could persist amid ongoing market challenges. Since May 9, 2025, Nifty has been fluctuating between 24,000 and 25,000, closing slightly above 25,000 only on a few occasions. The last time it ended above that level was on May 15, when it closed at 25,052. Commenting on Nifty’s failure to break this logjam for the past 19 sessions, Nilesh Jain, Head Vice President, Equity Research, Technical and Derivatives at Centrum Broking, said that Nifty is facing a strong resistance around the 25,050 mark and has continued to consolidate within a narrow range. Jain sees the overall outlook as positive as long as the index holds above the 200-DMA, which is c...