#Nifty50 (Weekly)
The Nifty 50 is in a long-term bullish trend, forming higher highs and higher lows from the major swing low near 21,736. Price has rallied strongly and is currently consolidating near a key resistance/supply zone around 26,200–26,300, indicating a possible pause or short-term exhaustion.
This zone appears to be the completion area of Wave (B), from where a corrective move (Wave C) is possible toward the 25,300 level or deeper into the 23,900–23,400 demand zone. Such a pullback would still be healthy within the broader uptrend.
A sustained breakout above 26,300 would confirm b