Nifty Consolidates Near 26,000 as Market Trades in a Narrow Range
By Prime Research | Updated at: Feb 11, 2026 06:24 PM IST
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Choppy movement continued in the market for the third consecutive sessions on Thursday and Nifty closed the day higher by 18 points amidst a range bound action. After opening with a positive note, the market shifted into a narrow range movement of around 110 points for the entire session.
A small negative candle was formed on the daily chart with minor lower shadow. Technically, this market action indicates a consolidation movement in the market at the crucial hurdle of around 26000 levels (resistance of mid part of long red candle that formed on 3rd Feb). The opening upside gap of 3rd Feb and 9th Feb remains open/partially filled and this is positive indication.
The underlying trend of Nifty continues to be positive. A sustainable move above the resistance of 26000 could pull Nifty towards the next resistance of 26350-26400 levels in the near term. Immediate support is placed at 25800 levels.
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