Nifty Slips Below 26000 Again: Experts Predict Sideways Trend, Key Support Levels

• Nifty closed at 25,860, down 167 points, failing to hold 26,000 for the second consecutive session.
• Market saw broad-based selling; Midcap and Smallcap indices also declined significantly.
• Rupee hit a new record low of 91.08 against the dollar, weakening for the fifth straight day due to FII selling.
• Experts predict a sideways trend for Nifty, with immediate support at 25,790-25,700 and strong resistance at 26,000.
• Investors await key US economic data (non-farm payrolls, unemployment, retail sales) for market direction.

Why It Matters: Nifty faces bearish sentiment, with experts forecasting a sideways trend and critical support levels around 25,700.