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QUANT SECTION: 6th AUGUST 2026
The index has been consolidating in the 56,500–58,500 range since early June
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The index has been consolidating in the 56,500–58,500 range since early June
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Sustained FII buying in the cash market continues to strengthen market internals
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The index has delivered a decisive breakout after nearly two months of consolidation by clearing the 24,400–24,500 resistance zone
Market internals strengthened sharply over the past week
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The Nifty is once again approaching the crucial 24,400–24,500 resistance zone
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The Fed's decision to hold rates was overshadowed by a more hawkish policy message.
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Nifty remained range-bound during the monthly F&O expiry, reflecting consolidation after Monday's strong rebound.
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Leadership continues to rotate in favor of Realty, Pharma, and Media
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Nifty50: The index is attempting to stabilize after five days of losses
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Nifty has opened with a gap-down below the crucial 23,800 support zone, shifting the immediate support to 23,600.