The index opened with strong optimism, breaking above the previous three-day high, yet spent the entire session circling around 26,000. Nifty defending both the 50-DEMA and closing above the 20-DEMA adds a neutral-to-positive tone—but the lack of momentum raises questions.
Metals and Commodities led the day, while FMCG and Defense showed clear weakness.
Tonight, Neel Parekh decodes whether this tight consolidation is the calm before a breakout—or a sign of hesitation.
