As per the current technical setup, any sustainable directional move will occur only if Nifty moves past 17,700 levels or slips below 17,100 on a closing basis. A directional bias would be established only if Nifty moves past 17,700 or slips below 17,100 levels. Unless that happens, we will see the market oscillating back and forth in a defined range.
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