IGI Logo

Nifty

Nifty continues to trade within its declining range of 26050–25740, reflecting persistent consolidation with a soft undertone. While the index has managed to hold above 26000, thereby reinforcing a strong base near 25740, a sustained close above 26050 remains critical for any meaningful revival in trend strength. Until this level is decisively crossed, the broader structure suggests a corrective pullback within the established range. Momentum indicators remain subdued, with RSI below the neutral 50 mark and ADX slipping to 15, underscoring the lack of strong directional conviction. A convincing breakout above 26050 could improve sentiment and open the path toward the 26330 zone. 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 until the index stabilises above 26050. Fresh averaging should be avoided until clearer directional strength emerges beyond this key resistance.

Please refer disclaimer at https://www.tradebulls.in/disclaimer

SEBI Registration number is INZ000171838