India Stock Market Index (Nifty 50)

The overall recommendation is Buy based on technical indicators and moving averages. An RSI between 30 and 70 is pretty normal, showing a neutral rating. The MACD line is above the signal line which is a bullish hint. The 10-day EMA is above the 20-day EMA which suggests short-term strength. The current price is above the 50-day SMA which is a sign of medium-term strength. The 50-day SMA is above the 200-day SMA, supporting a longer-term positive trend. The ATR is 201.58 which gives a sense of the current price volatility.

Axis Securities projects the Nifty 50 to reach 25,500 by March 2026 in its base case scenario with bull and bear case targets of 26,800 and 21,600 respectively. JPMorgan forecasts the Nifty 50 could trade between 26,500 and 30,000 over the next nine months, setting a bull case target of 30,000 by April 2026. JPMorgan anticipates a 7% year-on-year earnings growth in Q1 FY26 and a 14% full-year net profit growth for Nifty companies. Emkay Global Research maintains a Nifty 50 target of 26,000 for March 2026. Ganesh Dongre of Anand Rathi sees a rebound toward 25,000-25,200 levels with strong support at 24,300-24,400. Another outlook suggests a potential move towards 25,200 and possibly 25,500 with support at 24,600. Near-term support and resistance for the Nifty 50 are identified at 24,691/24,565 and 25,097/25,223, respectively.