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Recently
Market consolidation keeps upside open as Nifty targets higher resistance
Nifty continues to consolidate while holding key supports, keeping the possibility of a move toward 26,500 alive, with metal stocks showing relative outperformance amid a weaker dollar and steady global cues.
Indian equity markets continue to consolidate in a narrow range, with Nifty holding above key support levels and gradually building momentum for a potential breakout toward 26,500. Technical structure remains constructive as higher lows are sustained despite muted volumes. Market participants note improving relative strength in metal stocks, supported by a softer U.S. dollar and stable global commodity prices. Broader sentiment remains cautious but orderly, with sector rotation visible rather than broad-based selling, suggesting consolidation is being used to absorb supply before the next directional move.