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The index continued to witness profit-booking pressure following the formation of a 'Bearish Belt Hold' pattern on the daily chart. It failed to sustain higher levels and slipped during Monday’s session, signalling a pause in momentum and the possibility of short-term consolidation. Even yesterday it continued to drift lower as it closed in between its 5 & 20 DEMA supports. The 25940 level remains a crucial structural support for momentum-based trades. A dip toward the 26100 zone is likely to offer opportunities to accumulate fresh long positions. On the upside, a sustained move above 26330 would again trigger bullish momentum, helping the index maintain its higher base near the 26000 mark. Options data for the December series indicates a strong put base in the 26000–25800 range, while resistance is gradually shifting toward 26500, reflecting improving underlying sentiment. Overall, traders may continue to hold long positions as long as 25940 is protected, with near-term upside targets placed at 26330 and 26500 for the week.

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