Nifty Outlook: Consolidation After Rally; 26,100 Crucial for Dec 16, Global Data

• Nifty closed down 19 points at 26,027 after breaking its two-day gaining streak, recovering from an intraday low of 25,904.
• Experts indicate Nifty is in a consolidation phase, with key resistance between 26,000-26,100 and strong support at 25,900.
• A sustained move above 26,100 could push Nifty towards 26,250-26,400, while 25,700 is crucial for the positive trend.
• Bank Nifty recovered to close 0.12% higher at 59,462, facing resistance at 59,500-59,600 and support at 59,100-59,000.
• Investors are closely watching upcoming US economic data, including non-farm payrolls and retail sales, for global market cues.

Why It Matters: Nifty expert analysis offers crucial support/resistance levels for future trading.