Weekly Nifty Commentary (15–19 September 2025)
Last Week’s Outlook (08–12 September 2025):
We had projected that Nifty would trade within the 24,500 – 25,050 range, supported by strong technical structure. True to expectation, Nifty respected the support zone and moved higher. As we predicted, Nifty made a low of 24,751 and rallied sharply to touch a high of 25,139, showcasing the bullish undertone in the market.
Traders who followed the buy-on-dips strategy benefitted from the clean move, with sector-specific opportunities playing out strongly.
This Week’s Outlook (15–19 September 2025):
The weekly chart and price action indicate that Nifty has broken above key resistance at 25,002 and closed around 25,114, signaling a decisive upside breakout.
🔹 Upside Potential: If momentum sustains, Nifty could head towards 25,300 – 25,450 levels in the short term.
🔹 Support Zone: Immediate support is seen at 24,850, with a stronger base around 24,675. These levels should act as cushions on declines.
🔹 Technical Setup: The breakout above resistance levels, aided by supportive global cues, confirms the market’s entry into a fresh bullish phase.
Conclusion:
Nifty looks poised to trade with a bullish bias, and traders are advised to continue with a buy-on-dips approach, keeping stop-losses below 24,850.
—Parshuram Sonurlekar, Super Equity