The Nifty 50 experienced consolidation on January 1, trading within a narrow range after a prior rally. Experts suggest a decisive break above the 26,200 resistance trendline is necessary for the index to reach record highs near 26,326. Support is noted at 26,050-26,000, with a bullish crossover in momentum indicators and a subdued VIX favoring bulls. A higher bottom reversal pattern at 25,878 suggests potential for further upward movement.