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Nifty

Friday’s close above 26000 reinstated some optimism; however, a follow-through move beyond 26050 would have decisively neutralised the prevailing sideways bias. The recent rebound from the 50-DEMA has provided interim relief, helping the index regain momentum, but directional conviction remains elusive. A decisive hold above 26000 has strengthened the base near 25740, yet a sustained close above 26050 remains critical for a meaningful revival in trend strength. Until then, the structure continues to reflect a soft undertone. Momentum indicators remain subdued, with RSI holding below the neutral 50 mark and ADX easing to 16, underscoring the absence of a strong directional trend. A sustained breakout above 26050 could positively shift sentiment and open the path toward the 26330 zone. Conversely, a slip below 25740 would weaken the setup and expose the index to a potential decline toward 25440. Given the current setup, traders are advised to remain cautious and adopt a long–short combination strategy until the index stabilises above 26050. Fresh averaging should be avoided until clearer directional strength emerges beyond this key threshold.

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