Key support is seen in the 54,800–54,900 zone, near the 21-day moving average, followed by 54,000, which aligns with recent swing lows. On the upside, immediate resistance is placed at 56,500 (50-DMA), with stronger hurdles at 57,200 (200-DMA) and 58,000 (100-DMA). Structurally, the index remains in a pullback within a broader consolidation band, and a sustained move above 56,500 is needed to revive bullish momentum. Until then, the near-term outlook remains range-bound to slightly bearish.
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