📅 Date: June 29, 2025
📈 Index: S&P CNX Nifty Index Futures
🔍 Time Frame: Daily Chart (NSE)

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🔹 Weekly Highlights (June 24–28, 2025)

The Nifty Futures ended the week on a strong bullish note, closing at 25,750.20, up +201.20 points (+0.79%) on Friday, marking a breakout beyond the upper Bollinger Band. This move highlights strong upward momentum driven by increased buying interest and optimistic sentiment heading into July.

🔍 Technical Analysis: Bullish Momentum Confirmation

Here’s a breakdown of the current chart setup:

• Bollinger Bands: The price decisively closed above the upper band (25,566.46), confirming a bullish breakout. Historically, such moves indicate either strong follow-through momentum or an overbought condition that may cause brief consolidation.
• Volume: Friday’s session saw increased volume (4.58M), confirming the strength of the breakout. Volume spikes during breakouts are considered positive confirmation.
• 20-Day SMA (Bollinger Basis): At 25,031.53, the SMA is now acting as support, showing that the market has moved into a new higher zone.
• Lower Bollinger Band: At 24,496.61, it forms a strong base and highlights the current volatility expansion.
• Price Action: Nifty Futures formed higher highs and higher lows consistently throughout the week, signaling strength in trend. It has now moved up over 700 points from the recent swing low.

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📅 Next Week’s Trend Outlook (July 1–5, 2025)

Bullish Bias Continues with Eyes on 26,000 Mark

Based on the current chart structure, Nifty may continue to test higher resistance levels if momentum sustains.

🔮 Key Levels to Watch:

• Resistance Zone: 25,950 – 26,100
  (Psychological round number + next Fibonacci extension)
• Immediate Support: 25,566 (Upper Bollinger Band)
• Strong Support: 25,031 (20 SMA) and 24,500 zone

📈 Indicators Support Bullish View:

• Trend Strength: Higher highs, rising volume, and Bollinger band expansion are all bullish signals.
• Caution: If price shows exhaustion near 26,000, watch for a minor pullback toward the 25,500–25,300 zone.

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✅ Conclusion

Nifty Futures have entered bullish breakout territory, supported by strong price and volume action. The breakout above the Bollinger Band on strong volume suggests a continuation of the uptrend, with 26,000 now in sight. However, short-term traders should remain cautious of potential pullbacks after steep rallies.

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📌 Internal Link Suggestion

Read our Dow Jones Weekly Technical Outlook → to compare global market trends.

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⚠️ Disclaimer

This article is for informational purposes only and should not be considered as investment advice. Always consult your financial advisor before making trading decisions. Markets involve risks, and past performance is not indicative of future results.