The Nifty index remained largely sideways during the session, keeping investors alert. Market watchers are keen to see if the rally will continue or if the index will consolidate at current levels. Rajesh Bhosale from Angel One said, “So, last Tuesday we saw a strong gap-up opening of more than around 1,200 points and post that, as you highlighted, the index has been trading in a range. But Nifty held onto its key moving averages and if we see last week’s candlestick formation, it was a very strong engulfing pattern.” He added, “And today we are seeing a follow-up with a strong bullish gap. So, the direction of the gap itself indicates that the market is in a strong uptrend, but due to indicators being in an overbought zone, we are seeing choppy upside.” Bhosale advised to “maintain a buy approach where any dip should be considered as a buying opportunity.” He identified 25,700 as immediate support and expects Nifty to reach 26,000 to 26,100 levels soon. Summing up, Bhosale said, “So, bias is positive. Consider dips towards 25,700 as a buying opportunity, expecting levels of around 26,000 to 26,100 levels.” Investors now await global cues and the weekly expiry for further market direction. Technical indicators suggest the trend is up but short-term volatility may continue.