Nifty 50 closed above the 26,000 psychological mark with a mild positive undertone, reinforcing the market’s underlying resilience despite intraday volatility. The index witnessed early weakness and once again took strong support near the last two sessions’ low around 25,900, clearly establishing this zone as a critical demand base. A steady recovery in the second half helped Nifty close marginally higher, keeping the broader structure intact. The 26,100–26,300 zone continues to act as a stiff overhead resistance belt, with consistent selling pressure emerging on every rise. As long as Nifty remains below this band, the market is likely to stay in a consolidation phase with a positive bias.
On the downside, 25,900 remains the key short-term support, and only a decisive breakdown below t

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Nicki Swift