Nifty Analysis for 23 September 2025: Technical and Data-Driven Outlook
Recap of Monday’s Session (22 September 2025)
Nifty started the week on a weak note, opening at 25,238.10, almost 90 points lower than the previous close of 25,327.05. Early buying interest was visible near 25,200, lifting the index to an intraday high of 25,331.70.
However, post 2 PM, selling pressure dragged the index to an intraday low of 25,151.05. Despite the volatility, Nifty managed to close just above the crucial 25,150–25,200 support zone, settling at 25,202.35.
Nifty Recap Data (22 Sept 2025)
| Index Levels | Value |
|---|---|
| Previous Close | 25,327.05 |
| Opening Level | 25,238.10 |
| Intraday High | 25,331.70 |
| Intraday Low | 25,151.05 |
| Closing Level | 25,202.35 |
Technical Outlook for Tuesday (23 Sept 2025 – Weekly Expiry)
- The short-term technical structure indicates weakness, with Nifty likely to trade within 25,120–25,330 range in the first half.
- A positive trigger from global cues, especially European markets, may fuel an upside breakout in the second half.
- Sustaining above 25,200 will be the key for bulls to regain strength.
Option Chain Data Insights
- Strong Support: 25,200 (highest Put OI buildup).
- Immediate Resistance: 25,300–25,330.
- Major Resistance: 25,500 (highest Call OI).
- If Nifty sustains above 25,200, it may move towards 25,330 and 25,420 levels.
Understanding PCR (Put Call Ratio)
- Current PCR = 0.57, which is below 1.
- This indicates that Call writers are more aggressive than Put writers, showing bearish to neutral sentiment in the short term.
India VIX Movement
- India VIX rose ~6% to 10.56 today.
- A rising VIX reflects increased market volatility expectations ahead of expiry.
- However, since VIX remains at low double-digit levels, overall volatility is still subdued compared to past averages.
Nifty Support & Resistance Levels (23 Sept 2025 – Expiry Day)
| Support Levels | Resistance Levels |
|---|---|
| S1: 25,200 | R1: 25,300–25,330 |
| S2: 25,110 | R2: 25,420–25,450 |
| S3: 25,000 | R3: 25,500 |
Conclusion
For Tuesday’s weekly expiry, Nifty is expected to remain range-bound initially within 25,120–25,330. A decisive move above 25,200 could trigger upside momentum towards 25,330 and 25,420, provided global cues remain supportive. On the downside, 25,200 and 25,110 will act as crucial support zones.
⚠️ Disclaimer
This analysis is for educational and informational purposes only. It is not investment advice. Stock market trading and investing involve risk; please consult your financial advisor before making any investment decisions.
