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Nifty  

The index began the week on a firm footing, ending the first session with a bullish close. Its movement, however, remained confined within the 5-DEMA and 20-DEMA band of 25820–25650, continuing to trade inside the anticipated consolidation zone of 26050–25650. This range-bound behaviour reflects short-term indecision following a strong 14-session rally.Last week’s close below the 5-DEMA (25850) signals the possibility of a short-term pullback towards the 20-DEMA support near 25650, especially if weakness extends in today’s trade. Momentum indicators—RSI and ADX—remain neutral, indicating the absence of any major reversal signals. A brief consolidation or mild retracement towards 25650–25500 could help establish a stronger base for the next upward leg. As long as Nifty sustains above 25650, the broader bullish structure remains intact. Once the consolidation phase matures, potential upside targets are placed at 26340–26500 on a decisive move above 26050.

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