NIFTY doesn’t look convincing on the surface ahead of tomorrow’s critical cycle date. The break below 25,372 on Tuesday has unsettled short-term sentiment and weakened the visual structure. That said, 25,300 remains a critical support zone. As long as this level holds, the broader structure stays intact. However, a sustained move below 25,300 would materially increase the risk of a further 2–3% downside in the immediate term, introducing short-term pain despite the medium-term trend still remaining decisively upward.
On the upside, for NIFTY to decisively emerge from this consolidation, it must break out and sustain above the 25,850 zone. Until that happens, the market remains sideways and range-bound, with price action driven more by consolidation than trend. Ultimately, the near-term direction hinges entirely on tomorrow’s price action.**
gann,insides 