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Nifty

Nifty continued to trade higher and has reclaimed its 5-DEMA support, indicating that the recovery phase remains intact, although the week is likely to end on a tepid note as the index oscillates within the 26050-26220 range. The successful sustenance of the Breakaway Gap near 26050 marks an important shift in the support structure, while the daily RSI’s positive crossover above the 50 mark reinforces the gradual improvement in momentum and increases the likelihood of an eventual directional move. A sustained follow-through above 26330 would meaningfully strengthen the ongoing uptrend and open higher potential, whereas the 26000-26050 zone remains crucial to preserve trend strength; a breakdown below 25940 would weaken the setup and expose the index to corrective pressure. Given the current technical configuration, traders may consider adding aggressive fresh positions as long as the index sustains above 26050, with review and profit-booking zones placed in the 26330–26550 range for the final week of the current series.

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