neutral-cautious
Recently
Trade setup for Indian markets: Nifty may test 25,700 on profit-booking
Indian markets may consolidate: Nifty could test 25,700 support, with further decline toward 25,500 if profit-booking accelerates.
Analysts suggest the Nifty 50 index may have entered a consolidation phase after its six-day winning streak, as profit-booking kicks in and key support levels are being watched. A decisive break below 25,700 could open a slide toward 25,500, while upside resistance remains near the 26,300 area. Market watchers say that while global cues remain positive, domestic earnings and foreign-investor flows will be crucial for sustaining momentum in the near term.