Is NIFTY50 entering a sustained uptrend or just range-bound strength?

Trading
1

NIFTY50 has been holding key levels well, with dips getting bought consistently. Price action looks stable with no major breakdowns, but also no strong breakout yet.

Some factors I’m observing:

  • Improving global liquidity sentiment
  • Stable domestic flows (SIPs absorbing dips)
  • Reduced selling pressure from FIIs
  • Relative strength compared to global markets

At the same time, the index is still mostly moving in a range and hasn’t shown a clear expansion move.

How are you interpreting this phase?

  • Early stage of an uptrend?
  • Just consolidation before a move either side?
  • Waiting for a confirmed breakout or breakdown?

Interested to hear different perspectives and what signals others are tracking.

2

When peer indices like KOSPI, Nikkei are hitting ATH, I feel NIFTY bounce back is pretty weak. If global things go down again, Nifty might break previous low. If not, it’s just like a dead fish moving with the water flow… will see recovery but nothing to be proud about.