Nifty 50: Consolidation with Upward Bias – Index Poised for a Move Toward 25,700

Nifty 50: Consolidation with Upward Bias – Index Poised for a Move Toward 25,700 Nifty 50 has been trading in a consolidation phase following a strong rally in recent weeks, suggesting a healthy pause before the next directional move. The index has consistently held above the crucial 24,900–25,000 support zone, where strong buying interest has emerged on every dip, indicating that market participants remain confident in the broader uptrend. On the higher side, resistance is seen around 25,500, and a decisive breakout above this level could signal the start of the next leg higher. From a technical standpoint, momentum indicators such as RSI and MACD reflect a neutral-to-positive bias, suggesting that while short-term momentum has cooled slightly, the underlying trend remains bullish. The index continues to trade above key moving averages, reinforcing market strength and stability. Additionally, steady domestic inflows and sectoral rotation have supported overall sentiment, helping the market absorb global volatility. Going forward, Nifty is likely to resume its upward momentum once it clears the 25,500 resistance zone decisively. A sustained move above this level could lead the index toward 25,700 in the near term. On the downside, 24,900 will act as a strong support base, and any pullback toward this level is likely to attract fresh buying. Overall, the outlook remains positive, with Nifty expected to move higher as long as it sustains above its key support zone.