NIFTY 50: Consolidation Continues, Premium Selling Favoured

The brief

Nifty is currently trading inside a well-defined consolidation range after a sharp recovery. Price is respecting both demand and supply zones, indicating a lack of directional conviction. 🟧 Resistance Zone: 24,380 – 24,600 This remains the immediate supply area. A daily close above 24,600 could trigger fresh buying towards 24,850–25,000. 🟩 Support Zone: 23,550 – 23,800 Buyers have repeatedly defended this zone. If this level breaks on a closing basis, the next downside support comes near 23,300, followed by 23,000. Current View Price is moving inside a 23,800–24,500 consolidation box. Until either side is decisively broken, expect choppy price action with frequent reversals. Trading Idea ✔️ Option sellers have the…