!Nifty

NIFTY ended the previous session with cautious sentiment as global developments and commodity price movements kept investors on the defensive. The index continues to trade within a defined range, suggesting that the next directional move will likely depend on breakout confirmation. Market Structure: • Index showing consolidation near key support levels • Volatility elevated due to global geopolitical developments and crude oil sensitivity • Sector rotation visible with selective participation Bullish Scenario: If NIFTY sustains above the immediate resistance zone, momentum buying may push the index towards higher levels driven by banking and metal stocks. Bearish Scenario: Failure to hold the support zone could invite fresh selling pressure and lead to a deeper correction. Strategy for Monday: • Watch the opening range before taking positions • Breakout or breakdown of key levels may define the trend for the day • Avoid aggressive positions during early volatility Trader’s Approach: Focus on confirmation-based trades rather than anticipating moves in a volatile environment.