Nifty 50 : Pre Market Opening Commentary

Nifty 50 index formed a small-bodied bullish candle with long upper and lower shadows on the daily chart, indicating indecision at higher levels. A small bullish candle has been formed on the daily chart with gap up opening and with upper and lower shadow. Technically, this market action signals follow-through upmove with volatility. Presently, the market is forming consistent lower highs on the daily chart and there is a possibility of Nifty 50 finding crucial overhead resistance around 25,800 - 25,850 levels in the short term and any weakness from here could find support around 25,550 levels.