Nifty’s move today felt like a clear momentum check. After opening strong near 25,900, the index sold off steadily and closed around 25,800. That kind of candle usually tells you one thing: sellers were in control through the day.
The bigger concern is 26,000. Price has now failed there multiple times, and it’s starting to look like a hard ceiling rather than just resistance.
On the news side, markets clearly didn’t like the inflation uncertainty. With India inflation data around and US CPI due next, it looks like risk was reduced aggressively today. Feels like FIIs didn’t want to take chances going into global macro numbers.
Overall mood right now feels more cautious than bullish.
is this just pre data nervousness, or are we setting up for a deeper pullback?
This is a discussion post for learning and market observation, not trading advice.
