Nifty to Stay in Pause Mode Ahead of Expiry Week

After a strong run, the Nifty rally seems to be losing steam and has now slipped into consolidation mode. With the monthly derivatives expiry coming up next week, the market is likely to remain range-bound.

Options data suggests that Nifty has carved out a trading range between 24,500 and 25,100. Until we see a decisive move beyond either end of this 600-point band, don’t expect a strong directional trend.

A clear breakout above 25,100 could reignite bullish momentum, while a breach below 24,500 might invite fresh selling pressure. Until then, it’s all about sideways action and expiry-driven volatility.