On the technical front, immediate support is at the 21-DMA near 57,565, followed by the 200-DMA around 57,480. A decisive breach below these levels could expose the index to the 50-DMA near 56,975, while stronger support is positioned near the 100-DMA at 55,734. On the upside, immediate resistance is seen around 58,000, followed by the recent swing high zone near 58,400–58,600. The index continues to consolidate after its recent recovery, and a sustained move above the resistance zone could revive bullish momentum. However, with mixed global cues and cautious investor sentiment ahead of key domestic and global macro developments, traders should expect stock-specific action. On the other hand, the index remains within its current consolidation range.
