Nifty formed a Doji candle near its all-time high, indicating short-term hesitation ahead of the US Fed meeting. A breakout of the 25292-25442 band could lead to a sharper move. OI data shows highest call and put open interest at 25,400 and 25,300 strike prices, respectively.
Tech view: Nifty breaks 25,500 resistance, forms long bull candle. How to trade on Monday
Nifty’s short-term trend is strongly bullish after Friday’s significant surge. A brief consolidation or pause is possible before further upward movement. The next upside target,