Overview

• Nifty’s short‑term uptrend stays intact after a soft Friday close, with a bullish 20‑/50‑day EMA crossover and immediate resistance at 25,500–25,600 that could open a path toward about 25,900 on a decisive break.
• Analysts flag 25,100–24,900 as key support, cautioning that a slip below roughly 25,100 would put the rally at risk.
• VIX has slid to a record low, indicating complacency that could magnify any unexpected macro or flow shock.
• FII positioning remains mixed after last week’s short unwinding, with Friday showing a 0.46% rise in index‑future shorts and an 8.3% cut in longs.
• Sector cues turn supportive as Pharma and Realty post Supertrend breakouts (Pharma eyed at 23,000–23,300; Realty at 950–975), IT stages a swift recovery with most stocks back above the 50‑day SMA, and Bank Nifty holds a bullish setup toward 56,000–56,150 with support at 54,800/54,000.