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Yesterday’s recovery proved short-lived as the index once again slipped below its previous close and drifted toward the 50-DEMA support near 25740. The price action remained subdued through the first half and weakened further toward the end of the session. Ultimately, the index managed to hold around its 50-DEMA and closed close to that zone. Trend indicators continued to reflect a softening structure—RSI dipped below the neutral 50 mark, while ADX eased to 16, indicating fading directional strength. A decisive close below 25800 could further weigh on sentiment and pave the way for a decline toward 25700, with an extended downside potential toward 25440. On the upside, only a sustained move above 26050 would reinstate bullish momentum and realign the index back into a positive structure. Options data shows firm boundaries at 26000 (resistance) and 25800 (support), with notable positioning around 25950. The PCR OI at 1.02 suggests the market is not yet in oversold territory, leaving room for additional downside if selling pressure intensifies. Traders should remain cautious and adopt a long–short combination approach until the index stabilizes above 26050. Fresh averaging is best avoided until clearer directional strength emerges beyond this threshold

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