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On Friday, NIFTY opened on a positive note and moved above the 25,500 mark in early trade. It then formed higher tops and higher bottoms on the intraday chart, testing the 25,650 level before eventually closing just below 25,600.

NIFTY witnessed a sharp recovery from lower levels and tested the 20-DEMA, but it failed to sustain at higher levels. The index now faces strong resistance in the 25,600–25,700 zone, where the 10-DEMA, 20-DEMA, and 50-DEMA are clustered. Therefore, fresh long positions should be considered only if NIFTY sustains above 25,700.

On the downside, immediate support is placed near 25,400. A sustained move below 25,400 could extend the correction toward the 200-DEMA, positioned around 25,200.