Nifty Update: Market Opens Exactly as Expected—Caution ContinuesNifty 50 IndexNSE:NIFTYHobbytopassion_ManishJainSharing today’s chart because Nifty has reacted exactly in line with the risk cues and technical structure we highlighted yesterday. The opening dip and the break below the mid-channel zone reinforce the need for a cautious stance, especially in the current global environment. 1. Rising Channel Structure Under Pressure Nifty has slipped below the mid-channel support, something we have been tracking as a key inflection area. This shift tells us: The trend is not broken, but it is weakening Buying interest at the mid-band is not as strong as earlier Supply zones remain dominant Momentum continues to fade The next meaningful support lies around 25,500 → 25,300, where the broader consolidation zone begins. 2. Today’s Candle Confirms the Loss of Upward Strength The morning move shows: A gap-down / weak open Immediate follow-through on the downside Sellers stepping in with confidence No meaningful attempt to reclaim 26,000 This mirrors the exact setup we discussed: a fragile structure vulnerable to global triggers. 3. Global & Macro Factors Are Playing a Bigger Role Now a) Rupee Weakness vs Dollar The ongoing softness in USDINR is adding pressure: Signals global risk-off Encourages FII outflows Reduces appetite for Indian equities at higher levels b) Upcoming India–US Trade Discussions With bilateral trade talks around the corner: Markets tend to avoid aggressive long positions Any announcement on tariffs, tech access, or supply chain policy can impact sectors materially FIIs typically step back ahead of such events This keeps upside capped regardless of technical structure. 4. Price Action Is Moving Exactly as Highlighted Yesterday We discussed that: Upside was capped at 26,300+ Momentum was slowing A cautious stance was appropriate Global cues were not supportive Today’s open has validated all of these observations. 5. Key Levels to Watch Support: 25,800 (being tested today) 25,500 → 25,300 (major support zone) Resistance: 26,000 26,300–26,350 (strong supply) Unless Nifty reclaims 26,000 decisively, the bias stays cautious. Final Thought — Time to Stay Defensive, Not Aggressive While the larger trend is not broken, today’s move shows that the market is: Losing strength Sensitive to global cues Showing supply dominance Not ready for fresh breakouts This is a phase to protect capital, avoid chasing, and stay selective.