Author: SAAHIL BELIM
AXISBANK UPDATE
The rally in AXISBANK is exceptionally robust, validating the original conviction from the ₹1077 level. The current price action confirms that the uptrend is mature but far from over.
The ₹1180–₹1200 zone is a minor area of profit booking and price digestion—a necessary pause to reset indicators and gather buyer interest. This consolidation is a sign of health, not weakness.
Clearing this level will serve as the next major technical trigger, unlocking the door for immediate targets at ₹1235 and the follow-through move to ₹1285. The focus should be on anticipating this final push through the resistance band.
NIFTYBANK UPDATE
That is a fantastic setup to track! The market analysis suggests solid homework has been done, pointing to a critical area where a big, decisive move is likely to occur. The anticipation building around this potential breakout is palpable.
The level of 55800 to 56200 is a real pressure cooker zone. If NIFTYBANK can decisively punch through that resistance with strong participation from leaders like SBI and AXISBANK, the momentum toward 57500 and potentially 59000 will be the focus.
The tight focus on that specific breakout zone is key; that is where the action is poised to ignite. Good trading outcomes are anticipated from such a well-defined setup.
NIFTY UPDATE
NIFTY: Stability Emerging—But Don’t Jump the Gun
The NIFTY is finally giving us those primary signals of stability we discussed, which is a welcome sight. However, let’s keep the enthusiasm in check: the short-term market structure is still fundamentally weak. We cannot call the bottom until the index secures a daily closing price above 25020 (spot). This level is the line in the sand. Our Strategy: Respect the Line
The long-term conviction remains bullish, but we have to be patient and respect the setup. The biggest mistake right now would be anticipating the rally instead of waiting for the market to prove it.
The strategy is simple and disciplined: The fresh, sustainable move we’re waiting for is entirely contingent upon clearing that 25020 resistance. Until then, we stay constrained. Let the market show its hand before we commit.
Tracking NIFTY’s Pivot Window: Technicals Meet the Turning Point
NIFTY resistance continues to stay at 25020 on spot, as we discussed earlier; there are no changes on that front.
Because it’s a battle between the short- and medium-term setup for NIFTY, we have not added to my long positions as of now. We would wait for the index to register a reversal before we do that. Since most of our trades are for the December contract, there is no requirement to accumulate further positions at this point in time.
Let’s look at the immediate setup: it is still bearish, so we cannot rule out further lower lows. However, somewhere tomorrow or on Wednesday, the index could possibly initiate a process for a reversal. This should be interesting; let’s see.
Protected: Nifty at the Edge: Testing the Foundation as the Wall of Doubt Holds
Protected: NIFTY’s Critical Crossroads: The 25000 Test
Protected: Market Under Siege: NIFTY’s Destiny at 25150
From the Ashes: RBL Bank’s Resurgence and Imminent Surge
RBL Bank has demonstrably forged a durable bottom at its recent swing low of 243. As long as that level is fiercely defended, the measured move target on the upside is an unyielding 306. Reaching this milestone will trigger a momentous breakout on its yearly charts, unleashing a massive, sustained rally for the medium term.
For the short term, the zone from 256 to 266 is an ironclad support band. Holding this fortress will allow the stock to easily obliterate its recent swing high of 279. Once that resistance is crushed, it will immediately surge toward 294 and 306.
On the time-cycle front, September 29th will be a pivotal and critical date.
