Market timing at play: Sept 21 & 24 flagged as crucial reversal dates for Nifty, says Harshubh Shah

Indian equities extended their winning streak, with the Nifty50 rising 0.8% in the week ended September 19, 2025, marking the third consecutive week of gains. The market’s resilience came despite persistent foreign investor selling, supported by positive global cues and optimism around India-US trade talks.

Foreign institutional investors (FIIs) remained net sellers, withdrawing ₹10,962 crore in September so far. However, supportive domestic flows and sectoral resilience kept sentiment buoyant.

Adding to the momentum, the US Federal Reserve cut interest rates by 25 basis points-the first reduction this year—bringing its policy rate to the 4%–4.25% range. The move reinforced hopes of easier global liquidity and improved risk appetite for emerging markets like India.

Performance Review (Sept 15–19, 2025)

Last week, we highlighted September 18–19 as crucial dates for traders, and market action validated that view. On September 18, the Nifty opened with a sharp gap-up, hitting the weekly high. Profit-booking followed post-September 18, dragging the index lower as traders locked in gains.

Key Time Clusters (Sept 22–26, 2025)

For the upcoming week, the following time clusters could act as inflection points, bringing intraday volatility and possible trend shifts:Monday, Sept 22: 9:30 am – 1:00 pm
Tuesday, Sept 23: 11:15 am – 1:15 pm

Wednesday, Sept 24: 10:15 am – 11:15 am, 12:45 pm – 2:15 pm
Thursday, Sept 25: 10:15 am – 2:35 pm
Friday, Sept 26: 9:30 am – 10:35 am, 11:15 am
Traders should keep these windows in mind for short-term opportunities.

Nifty Spot Support & Resistance Levels

Resistance: 25,440 / 25,566 / 25,739 / 26,010
Support: 25,322 / 25,145 / 25,080 / 25,030 / 24,978 / 24,856

These levels can guide positional trades and risk management strategies.

Trading Outlook

September 21 and September 24 emerge as key reversal dates where short-term trend changes could play out. Traders should remain nimble, using the above support-resistance bands for tactical positioning.

Given the Fed rate cut and ongoing FII outflows, volatility may remain elevated, offering both risks and opportunities for active participants.

The coming week sits at the intersection of technical inflection points and global policy shifts. Investors and traders would do well to stay alert, manage positions actively, and align with market signals.

(The author, Harshubh Mahesh Shah, is Director at Wealthview Analytics Pvt Ltd. SEBI Registration – INH000009676)

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.)