Nifty Faces 25,150 Hurdle; Angel One Bullish on ITC, SBI, Force Motors

Nifty’s Rebound Puts Resistance and Selective Trades in Focus

The market has regained key ground, but elevated momentum makes disciplined stock selection more important than chasing the rally.

A sharp advance brings the 25,150 level into view

The Nifty’s rally of more than 8.50% and gain of nearly 2,000 points mark a forceful recovery from an extended phase of correction and consolidation. The benchmark has moved back above 25,000, with Angel One describing the latest close as its highest of the current financial year. Broad-based participation and sector rotation have also contributed to the advance.

That recovery does not remove the next technical test. Angel One identifies 25,150 as an intermediate hurdle, with resistance near 25,400 beyond it. On the downside, the brokerage sees the 24,770–24,500 zone as immediate support and the bullish gap around 24,300 as a more important level. These are technical reference points, not guaranteed floors or ceilings; how the index behaves around them may help traders judge whether momentum is holding or cooling.

Favourable cues meet an overbought market

The brokerage attributes the improved mood to supportive global developments, easing crude oil prices, a stronger rupee and renewed foreign institutional investor inflows. Together, those factors have reinforced buying interest after a period of weakness. The move above key exponential moving averages and the 200-day simple moving average adds to the technical improvement.

However, Angel One says momentum indicators have entered overbought territory after the sharp, near-vertical climb. That raises the possibility of profit-booking or consolidation, which the brokerage considers potentially healthy if the broader uptrend remains intact. For investors, the distinction matters: a positive trend can coexist with greater short-term volatility, making entry price and position size important.

The calls on ITC, SBI and Force Motors are chart-led

Angel One’s three stock recommendations are based on technical signals rather than a new company announcement or earnings update. For Force Motors, it points to a recovery, a move above key EMAs and a breakout in the relative strength index (RSI) from resistance. The brokerage suggests buying around ₹18,800–₹18,600, with a stop-loss at ₹17,200 and a target of ₹21,000–₹21,200. Its cited last close was ₹18,968.

For ITC, the case rests on a breakout from a downward-sloping channel, a reclaiming of the 20- and 50-day exponential moving averages, and an RSI rebound from oversold territory. Angel One’s suggested entry is around ₹280, with a ₹260 stop-loss and a ₹300–₹315 target; the cited last close was ₹283.

In SBI, the brokerage highlights a rebound from support near ₹940 and a potential double-bottom pattern, alongside positive MACD and RSI signals. Its suggested buying range is ₹1,010–₹1,000, with a stop-loss at ₹940 and a target of ₹1,080–₹1,100. The cited last close was ₹1,018. These levels are the brokerage’s trade parameters, not assurances that a target will be reached.

A selective approach may suit a volatile follow-through

With a truncated trading week and the festive season in view, Angel One favours stock-specific opportunities over broad, aggressive positioning. Its caution reflects the market’s sharp run-up: investors considering the calls should assess whether the stated entry zones remain relevant, follow the proposed risk limits and avoid treating technical targets as forecasts of business value. A pause near resistance would not, on its own, invalidate the wider recovery, but it could test the strength of demand.

Key Highlights

• The Nifty rose more than 8.50% over the week and reclaimed 25,000.
• Angel One sees resistance near 25,150 and 25,400, with support at 24,770–24,500 and around 24,300.
• Overbought indicators could lead to profit-booking or consolidation, according to the brokerage.
• Angel One’s bullish technical calls cover ITC, SBI and Force Motors, each with a stated stop-loss and target range.
• The brokerage recommends selective participation and prudent position sizing after the sharp rally.

Investor Note: These are technical trading views from Angel One, not guarantees of returns or substitutes for individual research. Investors should consider their own risk tolerance and time horizon, and remember that prices can move against a trade even when its chart setup appears favourable.