
The Nifty closed at a lifetime high, gaining 1.10% last week while consolidating. Despite a bullish technical setup, the index shows signs of fatigue near the upper Bollinger band. The coming week anticipates a steady start with a positive bias but a cautious undertone, with key resistance at 26,500 and supports at 26,000. Volatility remains at subdued levels, though market breadth needs to broaden for a sustained up-move.
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