Nifty Rises 170 Points as Uptrend Resumes; HDFC Securities’ Nagaraj Shetti Sees Positive Momentum Ahead

Mumbai, 27 October 2025: After a brief phase of weakness, the Nifty regained strength on Monday, closing 170 points higher. The index’s performance reflected renewed optimism in the market as buying activity resumed following minor corrections in the previous sessions. Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities Limited, offered insights into the market’s latest movements and what they signal for the near term.

Nifty Jumps 170 Points as Market Rebounds from Recent Lows

After showing weakness from the highs in the last couple of sessions, Nifty witnessed a sustainable bounce back on Monday and closed the day higher by 170 points. Acccording to Shetti, “After opening with an upside gap of 48 points, the market moved up further in the early part of the session. It later shifted into a range bound action in the mid part of the session and closed near the highs- a signal, according to Shetti, that market sentiment remains firm following the short-term consolidation seen last week.

Technical Patterns Show Higher Tops and Bottoms; Key Hurdle Seen at 26,300-26,400

Shetti explained that a long bull candle was formed on the daily chart with minor upper shadow. “Technically, this market action indicates an uptrend continuation pattern post minor correction” he noted. He added, “The bullish chart pattern like higher tops and bottoms is intact and the recent decline down to 25718 levels could be considered as a higher bottom of the pattern”.

Further Shetti observed that the underlying trend of the market continues to be positive. Nifty is expected to advance towards to the key hurdle of 26300-26400 levels in the near term. Immediate support is placed at 25700 levels, he mentioned.

Healthy Correction Signals Sustained Strength in Nifty’s Uptrend

Shetti’s analysis highlights that the recent correction was healthy within an overall bullish setup. His observations suggest that Nifty’s momentum remains strong, and the index is likely to move higher as long as support levels hold firm. For traders, maintaining a positive bias with caution near resistance zones could be a prudent approach.

The recent rebound of 170 points in Nifty, coupled with the formation of a bullish candle pattern and the maintenance of higher bottoms, signals sustained market strength following a minor correction. As per technical observations, support at 25,700 and resistance around 26,300–26,400 define the current range, highlighting stability in the near-term index movement.