!Nifty

The index continues to trade in a range-bound structure after the recent rally, indicating a phase of consolidation before the next directional move. Market Setup • Buying interest is visible on dips, showing underlying bullish sentiment. • However, resistance near the recent highs is restricting immediate upside. • Sector rotation between Banking, Auto, and PSU stocks is keeping the index stable. Key Levels to Watch • Resistance: 22,450 – 22,500 A decisive breakout above this zone could trigger fresh momentum towards 22,700+. • Support: 22,150 – 22,200 Holding this support keeps the short-term trend positive. Trading Strategy • Buy on dips near support zones • Momentum trades only after a confirmed breakout above resistance Market Insight Volatility may remain elevated as traders track global cues, crude oil movement, and institutional flows.