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Nifty 50 expected to consolidate after 1,500-point four-week rally
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Nifty 50 likely to consolidate between 25,600–26,100 after a strong rally, with analysts advising cautious optimism ahead of earnings and macro data releases.
Analysts predict Nifty 50 may consolidate between 25,600 and 26,100 as traders await key corporate earnings. The index has surged 1,500 points in the past month, driven by banking and IT gains. Technical experts highlight support at 25,750 and resistance at 26,277, advising caution amid overbought conditions. Broking firms including Bajaj Broking and Choice Broking forecast sideways movement with bullish bias into November, supported by healthy FII inflows and optimism around upcoming macroeconomic data.