Market Analysis: NIFTY50Nifty 50 IndexNSE:NIFTYTradeMingNIFTY At present, the market is trading within a tight intraday range, reflecting a phase of consolidation under resistance after a sharp upward recovery move. The structure shows that price is currently hovering near the Resistance/Sharp Fall zone between 25,714 – 25,704, which has acted as a key barrier over the last few sessions. This area has consistently triggered profit booking and short-term selling, making it a critical region to monitor. The Major Resistance at 25,731.50 remains the ceiling for the current move, and as long as the market continues to trade below this level, the short-term bias remains cautious to mildly bearish. Any repeated rejection here could trigger a corrective phase back toward lower supports. On the downside, 25,668.65 stands as the 1st Support, providing the immediate buffer zone for intraday pullbacks. A sustained break below this level could accelerate momentum toward the Next Support at 25,611.55, which aligns with a structural base formed during the previous impulsive leg. If this support also gives way, the market may extend its decline toward the Major Low support at 25,566.10, which serves as a key level where buyers might attempt to absorb selling pressure. From a broader structural view, Nifty currently appears to be forming a short-term distribution zone between 25,705 – 25,668, suggesting indecision after testing upper resistances. A decisive breakout above 25,731 would invalidate this range and potentially invite a fresh upward move, while failure to hold above 25,668 could confirm weakness and initiate a corrective leg toward 25,611 and 25,566 respectively. 🧭 Summary: Major Resistance: 25,731.50 Resistance / Sharp Fall Zone: 25,714.75 – 25,704.70 1st Support: 25,668.65 Next Support: 25,611.55 Low / Major Support: 25,566.10 Market Tone: Neutral-to-bearish; rangebound consolidation under key resistance. Bias: Bearish below 25,705; potential recovery only if price reclaims and sustains above 25,731. Key Focus: Watching how price behaves within the 25,668 – 25,714 band — a breakout or breakdown from this zone will define the next short-term directional leg.