The Nifty 50 index is experiencing consolidation with a cautious undertone, maintaining a negative bias for the third consecutive day. Experts suggest the index needs to surpass 26,200 to reach new highs, with crucial support at 26,000. Technical indicators like the Doji candlestick pattern, declining RSI, and bearish Stochastic RSI crossover signal near-term range-bound trading before a potential stabilization and rebound.