Nifty Flat, But Charts Hint at Breakout Above 26,200

• Nifty closed at 26,146, extending its winning streak, holding above 26,100 despite a near-flat finish.
• ITC tumbled 9% due to increased excise duty on tobacco products, acting as the biggest drag on the Nifty.
• Auto, Realty, and Metal sectors led gains, while FMCG, Pharma, and Healthcare sectors closed lower.
• Technical analysts predict Nifty is consolidating and expect a sharp breakout above 26,200-26,240 towards 26,300-26,400.
• Immediate support levels are identified between 26,050 and 25,900, with 26,200-26,240 as key resistance.

Why It Matters: Nifty shows consolidation near 26,100, with technicals pointing to an imminent breakout above 26,200.