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Nifty  

Nifty commenced the November series on a firm note but remained capped below the previous day’s Doji high at 26050, a key resistance zone. The index continues to trade within a consolidation range of 26050–25850, reflecting short-term indecision after a strong 14-session bullish streak. Despite this pause, Nifty continues to hold comfortably above its 5-DEMA support at 25929, which serves as an important pivot for sustaining demand within the current phase. A decisive close below 25929 may trigger a short-term correction towards the 20-DEMA support near 25650. Momentum indicators RSI and ADX remain neutral, indicating the absence of any major reversal signals. Near-term consolidation or a mild retracement towards 25650–25500 could help the index form a higher base before resuming its next leg higher. As long as Nifty sustains above 25650, the broader bullish structure remains intact, with potential upside targets at 26340–26500 once the consolidation matures. The overall stance remains “buy on dips”, favoring medium-term strength and higher levels ahead

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