Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan, said the index oscillated around the key hourly moving averages and the 20-DMA. “Ultimately, it formed an Inside Bar pattern on the daily chart. The overall structure shows that the index is in short-term consolidation since the last couple of weeks and that is likely to continue going ahead,” he said.
Nifty ends flat as resistance holds; cautious optimism likely for coming week
Nifty traded range-bound, closing nearly flat despite an RBI rate cut, as resistance near 26,300 capped gains. Weak market breadth and muted broader indices signal
December 6, 2025