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Nifty

Nifty formed an 'Inside Bar- Doji' candlestick but closed near its 5-DEMA, confirming a pause in corrective move within the broader 25700–25000 consolidation band. A sustained breach below 25550 has triggered the current leg lower, while resistance at 25730 remains a key level for any meaningful upside resumption. Options data indicates strong support in the 25200–25000 zone, with resistance capping near 25500. A breakout could open room for a retest of 25700. The broader trend remains bullish as long as Nifty holds above 25030 on a weekly closing basis. Rising daily ADX above 25, bullish short-term moving average crossovers, and positive momentum indicators point to strengthening trend dynamics. Strategy to retain stock-specific on the long side as long as Nifty holds above 25030. A break below 25400 could lead to a drift toward 25200. While a breakout above 25730 would be waited for aggressive long additions. Meanwhile investors can consider accumulating on dips within this bullish structure until 25030 holds on weekly closing basis.

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