Nifty 50 witnessed a mild corrective move in today’s session, ending lower by around 0.45% near the 25,935 mark as investors booked profits after a steady upward run. The sentiment turned cautious following the U.S. Federal Reserve’s recent rate decision, which, while cutting rates as expected, hinted at limited scope for further easing tempering global risk appetite.Sectorally, FMCG, pharma, and metals dragged the index, while financials and select auto stocks provided some cushion. Technically, Nifty faced resistance near the 26,100–26,150 zone, triggering intraday profit booking. The overall structure, however, remains constructive as long as the index holds above the 25,800–25,750 support zone.A decisive move below 25,750 could invite further weakness toward 25,600, while a rebound above 26,150 may revive bullish momentum, opening the path toward 26,300–26,450. For the near term, traders can adopt a buy-on-dips approach with a cautious tone, keeping key supports in focus.
