Over the past three consecutive weeks, Nifty has exhibited a strong bullish rally and has now approached a crucial weekly resistance zone around 25,850. Considering the current momentum and with only a couple of weeks remaining in this month’s expiry, the probability of further significant upside appears limited. At this stage, the risk–reward ratio for long positions is relatively unfavorable, and the market is more likely to witness a phase of mean reversion or consolidation over the next few weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.