Sharing my personal view on NIFTY50 based on the 4H chart.

After the recent sharp drop, price is moving up in a corrective manner and is currently facing resistance near the 61.8%–78.6% Fibonacci retracement zone (around 25550–25750). This area also aligns with previous support turning into resistance and the 20 EMA, where price is showing hesitation.

RSI (9) is holding around the 45–50 range, which suggests momentum is still weak and not showing strong bullish continuation yet.

As long as price remains below the recent lower high and struggles near this retracement zone, the structure looks like sell-on-rise, with the possibility of further downside after some consolidation or choppy movement.

This is only my market perspective, not a trade recommendation.
Sharing for discussion and learning.