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Nifty

Nifty continues to face resistance near 25000, constrained by unwinding pressure around its 5-day EMA (~24900). Despite no signs of a major reversal, the index is likely to remain range-bound, with the broader uptrend intact above 24500. Options data indicates strong support between 24700–24500, reinforcing this base, while 25000 remains a near-term ceiling. Technically, the daily RSI oscillates within the 50–60 zone and a rising ADX suggests a potential directional move. A bullish ‘Rising Three’ pattern on the weekly chart signals strength, but confirmation awaits a close above 25180. On the global front, geopolitical tensions in the Middle East linger, though recent remarks from U.S. President Trump hinting at a ceasefire between Israel and Iran have helped ease sentiment. Meanwhile, Brent crude trades above $75/bbl — a four-month high — potentially capping gains. In the near term, expect sideways consolidation with stockspecific moves taking center stage.

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