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Most known factors, such as the expectation of a 25 basis point rate cut by the Federal Reserve, have already been priced into the market, and the domestic market lacks new catalysts, leading to consolidation. Mixed global signals suggest that the market needs a healthy consolidation period to return to more comfortable valuation levels
From a technical perspective, small candlesticks on the daily chart and directionless activity on intraday charts indicate that the market is currently in a state of indecision between bulls and bears. The current market structure has no clear direction, and traders may be waiting for the market to break through key levels
From a technical perspective, small candlesticks on the daily chart and directionless activity on intraday charts indicate that the market is currently in a state of indecision between bulls and bears. The current market structure has no clear direction, and traders may be waiting for the market to break through key levels
The Nifty 50 faces strong resistance around the 25,300-point level; only a breakout above this level could trigger a rebound towards the 25,500-point area. Conversely, a drop below 25,200 points could lead to intraday adjustments, with the market potentially testing further support around 25,000 points
