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Nifty remained range-bound, closing above the crucial 25030 mark while forming a bullish hammer candlestick pattern—typically a short-term reversal signal. Despite this positive price action, the index continues to trade below its 5- and 20-day exponential moving averages, suggesting that the current recovery could be a mean-reversion bounce rather than a definitive trend reversal. Immediate resistance is placed at 25300, with a more decisive breakout level at 25500. A sustained move above 25550 would confirm the return of bullish momentum, while a breakdown below 24930—the 50-day EMA—could trigger renewed selling pressure. Technical indicators remain cautious: the ADX is flattening, indicating weakening trend strength, while the RSI stays below the 50 mark, reflecting subdued momentum. Options data indicates strong support at 25000 and a resistance band in the 25300–25500 zone. Until a clear breakout or breakdown occurs, Nifty is likely to trade sideways within the 25150–25350 range for the day. The strategy should remain stock-specific, with a preference for a buy-on-dips approach near 25000, while aggressive longs are better suited above 25550 or on a confirmed rebound from the 25000 level. A weekly close above 25030 remains critical for sustaining the broader bullish structure.

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