Have the bulls returned to Indian equities?

Technical breakout

The ongoing recovery structure remains firm, with Nifty rebounding over 2100 points from its recent lows despite intermittent volatility, signalling a potential shift in short-term trend, believes Sudeep Shah, head-Technical and Derivatives Research at SBI Securities. Notably, the index has closed above its 50-day EMA (Exponential Moving Average) for the first time since 23 February, 2026, which indicates sustained buying interest from lower levels, he added.