Nifty 50 Consolidates; Rally Hinges on 26,032 Break

• Nifty 50 ended slightly down on Dec 15, breaking a two-day rally, and is currently in a consolidation phase.
• For an upward rally towards 26,200-26,300, Nifty needs to sustain above 26,032; support is at 25,750-25,700.
• Bank Nifty formed a bullish candle, closing above its resistance trendline and moving averages, indicating improving momentum.
• Experts state Nifty is consolidating between 26,300-25,700, with 26,000 being a critical level for future direction.
• The short-term trend for Nifty remains positive as long as the 25,700 level holds, despite negative FII index positions.

Why It Matters: It offers critical Nifty levels, guiding investors on market direction and potential moves.