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Nifty

Nifty encountered resistance near its 20-day EMA (25,250) for the third consecutive session, facing persistent selling pressure that dragged the index lower towards 25,100. Despite the decline, the index remains near the lower end of its broader consolidation range of 25,000–25,500. Momentum indicators reflect caution — the ADX is flattening, suggesting waning trend strength, while the RSI continues to hover below the neutral 50 level, indicating a lack of bullish momentum. Derivatives data points to a firm support base around 25,000, with notable resistance building in the 25,300–25,500 zone. In the absence of a decisive breakout or breakdown, the index is likely to remain range-bound between 25,000 and 25,300 in the near term. A stock-specific approach is advisable, with buying opportunities on dips toward 25,000. Fresh aggressive longs should only be considered on a sustained move above 25,550 or a strong reversal signal from the 25,000 zone. A weekly close above 25,030 remains key to maintaining the broader bullish structure.

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