NIFTY UPDATE

NIFTY: Stability Emerging—But Don’t Jump the Gun
The NIFTY is finally giving us those primary signals of stability we discussed, which is a welcome sight. However, let’s keep the enthusiasm in check: the short-term market structure is still fundamentally weak. We cannot call the bottom until the index secures a daily closing price above 25020 (spot). This level is the line in the sand. Our Strategy: Respect the Line
The long-term conviction remains bullish, but we have to be patient and respect the setup. The biggest mistake right now would be anticipating the rally instead of waiting for the market to prove it.
The strategy is simple and disciplined: The fresh, sustainable move we’re waiting for is entirely contingent upon clearing that 25020 resistance. Until then, we stay constrained. Let the market show its hand before we commit.