Nifty 50 is approaching a favourable buy zone near the key support band of 25,900–25,700, which coincides with the November 12 bullish gap, the 50-day EMA, and the lower band of the rising channel, making it a strong demand area for positional longs. Despite the recent 0.86% fall and a bearish candle, the broader higher-high–higher-low structure remains intact as long as 25,700 holds, so dips into 25,900–25,800 can be used to build long positions with a tight stop below 25,700. On the upside, any bounce sustaining above 26,000–26,060 can open room towards 26,200–26,325, offering a favourable risk–reward for buy-on-dip traders.
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