Nifty Trades in Consolidation as Market Struggles to Hold Gains

Authored By HDFC SKY | Published at: Feb 26, 2026 04:56 PM IST

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Nifty continued with consolidation movement on Thursday and closed the day higher by 14 points amidst volatility. After opening on a positive note, the market failed to sustain the upside momentum, as it slipped into weakness from the highs in the early-mid part of the session. There was a minor recovery from the lows towards the end and Nifty closed the day off the lows.

NIFTY CHART

A small negative candle was formed on the daily chart with lower shadow. Technically, this market action signals a lack of strength in the market to sustain the highs. Frequent lower highs have been formed recently and the repeated testing of the crucial lower supports was seen around 25400 levels. This is not a good sign.

The underlying trend of Nifty remains choppy. Crucial lower supports to be watched around 25400-25350 levels on any weakness from here. Immediate resistance is placed at 25600.

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The information shared here is intended solely for informational and educational purposes and does not constitute investment recommendations. While we practice strict due diligence in curating daily market data, readers must perform independent research before trading. To flag any real-time data discrepancies or content concerns, please write to us at content@hdfcsec.com.

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