The Nifty index climbed 373 points this week, moving within a wide range of 1661.80 points before settling higher. Volatility cooled significantly as India VIX dropped about 12%, reflecting easing tensions after a busy phase of events. Despite recent hesitation near its recent highs, the broader market trend stays positive. Nifty is now in a consolidation phase after a strong rise. It holds above key medium-term moving averages but faces selling pressure near 26,000 points. A clear break above recent highs would boost upward momentum. On the downside, supports lie at 25,400 and near 24,850 points, which align with important moving averages. Technical indicators display a neutral to slightly positive outlook. The weekly RSI stays near 53, signaling no strong bullish or bearish signals. The weekly MACD is below its signal line but shows signs of waning downward momentum. Candlestick patterns suggest volatility and indecision rather than strong buying. The weekly chart shows Nifty above its falling trendline support and comfortably above its 50-week and 100-week moving averages. This means the long-term upward trend is intact, but short-term consolidation is likely. In the week ahead, traders are advised to be balanced and selective. Aggressive buying should be avoided until a clear breakout happens, and existing positions should be protected with stop-losses. Stock-specific opportunities will drive gains rather than broad index moves. Looking at Relative Rotation Graphs (RRG) comparing sectors to the CNX500, financial services, IT, Bank Nifty, services, metal, and PSU banks show strong relative performance, though PSU banks are losing some momentum. The Midcap 100, Auto, and Infrastructure sectors are weakening, while Realty and FMCG lag. Energy and Media sectors show improving momentum. Note that RRG charts reflect relative strength and momentum without buy or sell signals. Experts suggest focusing on risk management and watching key support and resistance levels closely during this phase.