The Indian stock market sentiment is cautiously positive, with the Nifty 50 index holding above immediate support levels at 26,000 and the 50-day Exponential Moving Average (DEMA) at 25,900. Near-term direction depends on a decisive breakout above key resistance. Trading is expected to be selective, focusing on stock-specific opportunities as companies begin reporting December-quarter earnings. A sustained hold above support could lead the Nifty towards 26,500.