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Nifty

Nifty continues to drift lower toward the lower end of its prevailing range of 26050–25740, reflecting prolonged consolidation with a soft bearish undertone. Although the index is holding above its 50-DEMA, reinforcing a strong base near 25700, a sustained close above 25,950 is required for any meaningful recovery to unfold. A further follow-through above 26050 remains crucial to re-establish bullish trend strength. Until this resistance is decisively breached, the broader structure suggests a corrective pullback within the established range. Momentum indicators remain muted, with RSI below the neutral 50 mark and ADX slipping to 15, highlighting the absence of strong directional conviction. A convincing breakout above 26,050 could improve sentiment and open the path toward 26330. Conversely, a breakdown below 25740 would weaken the setup and may expose the index to further downside toward 25440. Given the current setup, traders are advised to remain cautious and adopt a long–short combination strategy, avoiding fresh averaging until clearer directional strength emerges above key resistance.

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