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Nifty

Nifty began the week on a weak note in line with global cues, but staged a meaningful recovery to close above the 26000 mark. A decisive hold above 26000 has reinforced the base near 25740; however, a sustained close above 26050 remains crucial for a clear revival in trend strength. Until then, the overall structure continues to exhibit a soft undertone. Momentum indicators remain muted, with RSI staying below the neutral 50 level and ADX easing to 16, highlighting the absence of a strong directional trend. A convincing breakout above 26050 could improve sentiment and pave the way for a move toward the 26330 zone. On the downside, a breach below 25740 would weaken the setup and could drag the index toward 25440. Given the prevailing setup, traders are advised to stay 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 resistance.

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