Summary:
Nifty prediction for September 28: Nifty 50 recovered 0.34% to 23,140.50 on Friday after holding the 23,000–23,050 zone. Traders will watch 23,120 support and 23,300–23,450 resistance to assess whether the recovery can extend or selling pressure returns.
Nifty 50 recovered on Friday, September 25, after the sharp decline in the previous session, closing at 23,140.50, up 77.40 points or 0.34%. The index rebounded after finding support around 23,000–23,050, but the recovery remains below important short-term resistance levels.
For September 28, market participants will track whether Nifty can sustain above 23,120 and move towards the 23,300–23,450 resistance zone. A failure to hold 23,120 could bring the 23,000–23,050 support region back into focus.
Nifty Prediction September 28: Key Levels to Watch
| Indicator | Level |
| September 25 Close | 23,140.50 |
| Change | +77.40 points / +0.34% |
| First support | 23,120 |
| Major support | 23,000–23,050 |
| First resistance | 23,300 |
| Major resistance | 23,300–23,450 |
| Higher resistance | 23,575 |
What Happened to Nifty on September 25?
Market Breadth Improves, But Recovery Remains Selective
Buying participation improved during the session, with 34 stocks advancing against 15 declining within the Nifty 50. Despite the better market breadth, weakness persisted in pockets such as Nifty Consumer Durables, CNX Realty and CNX Auto. This suggests that sentiment improved after Thursday’s broad-based selling, but the recovery was not uniform across sectors.
Stocks to watch today
Can Nifty Sustain the Recovery Above 23,120?
On the daily chart, the index has recovered from the 23,000–23,050 support region and managed to move back above the earlier breakdown level of 23,120. However, the short-term EMA cluster remains positioned higher in the 23,300–23,575 region, which could act as an overhead supply zone.
The hourly chart shows some improvement, with Nifty moving above a few of its shorter-term moving averages. This points to improving near-term sentiment, but the broader structure will remain under pressure unless the index manages to sustain above the 23,300–23,450 resistance band.
Short-Term Momentum Shows Improvement
Momentum indicators also reflected the recovery seen during Friday’s session. The daily RSI stands at 34.23, indicating that the broader momentum remains weak, although the indicator has recovered from its recent oversold zone.
On the hourly timeframe, RSI has improved to 41.56, while the 15-minute RSI has climbed to around 59.75, signalling stronger buying momentum in the shorter timeframe. A move above 50 on the hourly RSI, followed by sustained strength, could provide better confirmation that the recovery is gaining traction.
What Are Nifty's Support and Resistance Levels Today, September 28?
For the upcoming session, 23,120 will remain the first important level on the downside. Below this, the 23,000–23,050 zone will again become crucial.
On the higher side, the 23,300–23,450 region remains the immediate resistance zone, where the short-term moving averages could limit further gains. A decisive move above 23,450 may improve the near-term setup and open the way towards 23,575.
However, if Nifty fails to sustain above 23,120, selling pressure could return and the 23,000 level may once again come under test.
Nifty 50 Predictions Today September 28 FAQs
Nifty's immediate technical setup will depend on whether it sustains above 23,120. The 23,300–23,450 zone is the key resistance area, while 23,000–23,050 remains an important support zone.
The first important support is around 23,120, followed by the 23,000–23,050 zone.
The key resistance zone is 23,300–23,450, followed by 23,575 as a higher reference level.
Nifty 50 closed at 23,140.50 on September 25, 2026, gaining 77.40 points or 0.34%.
A sustained move above 23,300 would strengthen the short-term recovery setup, while 23,450 would remain the next important resistance reference.
A sustained break below 23,120 could weaken the recovery setup and bring the 23,000–23,050 support zone back into focus.
Friday's session showed a short-term recovery, but the broader structure remained weak after Nifty recorded its seventh consecutive weekly decline.
