Nifty steady in 25550–25450 range, near 5-DEMA, consolidates -Tradebulls Securities Pvt Ltd

Nifty has remained confined within a narrow range of 25550–25450 for eight consecutive sessions, holding firm near its 5-DEMA and staying within the broader consolidation band of 25000–25700. The 25,400 mark now acts as a crucial midpoint, with any slip below potentially dragging the index towards 25270 (20-DEMA support). A sustained breach below 25230 could trigger further downside, while on the upside, a breakout above the 25640–25730 zone is needed for a move toward 26000. Options data reflects strong support in the 25400–25300 zone and resistance around 25600–26000. Despite the short-term consolidation, the broader trend remains bullish as long as Nifty holds above 25,030 on a weekly close. Technical indicators such as a rising ADX above 28, bullish short-term moving average crossovers, and positive momentum readings suggest strengthening trend dynamics. Until a breakout above 25730 is confirmed, the strategy remains to maintain stock-specific long positions and adopt a buy-on-dips approach, with close attention to the 25030 weekly support level.
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