The Nifty 50 managed to hold crucial support levels during the session, though overall sentiment remained cautious. Intraday volatility persisted as investors booked profits in high-beta sectors.
Banking and FMCG stocks provided partial stability, while IT and midcap counters saw selling pressure. Market experts believe the index is currently in a consolidation phase following its recent upmove.
A sustained move above resistance levels could revive momentum, while failure to hold support may trigger further short-term weakness.
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