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Nifty has slipped below its narrow consolidation band and breached the 20 DEMA, signaling short-term weakness. The ongoing pullback may extend toward 24930, which aligns with the 61.8% Fibonacci retracement of the 24474–25669 rally. The index is likely to remain corrective as long as it trades below 25500, with 25360 acting as interim resistance. A break below 24,930 could intensify selling, while a decisive move above 25550 would reinstate the bullish trend. Until then, expect a sideways range between 25000– 25500. Options data indicates strong support at 25000, with resistance building between 25300–25500. Despite short-term weakness, the broader structure stays bullish as long as Nifty holds above 25030 on a weekly close. Technical indicators support this caution— ADX is flattening, indicating reduced trend strength, while RSI below 50 signals waning momentum. Strategy is to continue a stockspecific, buy-on-dips approach. Aggressive longs should be considered only on a breakout above 25550 or a retest near 25000. Maintain a close watch on the 25030 weekly support to confirm trend direction.

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