The Indian benchmark index may be entering a consolidation phase, with near-term support around 25,700 and next shelf at 25,500. Recent profit-booking and small-cap pressure suggest a pause in upward momentum. Analysts point to the dense earnings calendar, upcoming macro prints, and global cues (especially from U.S. and China) as the next catalysts. Fund-flows into mutual funds remain strong, but rotational breadth is weak. Traders are advised to manage risk by maintaining stops and monitoring delivery volumes and options open interest for confirmation of next moves.