Technically, the Nifty formed a weekly Doji candle, signalling indecision between buyers and sellers. Analysts identified 24,300–24,400 as strong support and 24,700–24,800 as critical resistance, with a breakout above 24,800 potentially opening the path toward 25,000–25,200, while a failure to hold above 24,300 could trigger a slide toward 24,200. Options positioning reinforced this range-bound outlook, suggesting traders preferred caution until clarity emerged on crude prices and geopolitical developments. Overall, the week highlighted consolidation, resilience in select sectors, and persistent global headwinds, leaving the market range-bound with a cautious bias.
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