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Nifty

Nifty closed below its 5 DEMA, confirming a corrective move within the broader 25700–25000 consolidation range. A sustained breach below 25450 triggered this leg lower, while resistance near 25730 remains critical for any upside resumption. Options data highlights strong support at 25400–25000 and resistance near 25500, with further upside potential towards 25700.The broader trend remains bullish as long as Nifty holds above 25030 on a weekly close. Daily ADX rising above 25, bullish short-term moving average crossovers, and positive momentum indicators all signal strengthening underlying momentum. Traders should stay stock-specific on the long side above 25030. A break below 25400 may lead to further downside toward 25300. Investors can consider accumulating on dips within this bullish setup.

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