The market is currently in a sideways-to-range-bound phase within a broader rising channel. After a sharp recent dip toward the lower Bollinger Band, the index has staged a mild recovery and is now consolidating around the middle band near the 25,500 zone. Momentum appears neutral, with price facing overhead resistance near the 26,900–26,000 area, while immediate support is seen around 25,400–25,300. Overall, the trend remains structurally positive in the medium term, but short-term price action suggests consolidation with cautious undertones.