Trade Setup For Feb 23: Nifty To Consolidate Within 25,000-26,000 Amid Sideways Bias

As the trading day approaches on February 23, analysts predict that the Nifty 50 index will showcase a consolidation phase, fluctuating between the 25,000 and 26,000 points range. This expected sideways movement indicates a period of stability amid market uncertainties, with investors advised to remain cautious. Factors influencing this trend include recent economic data, global market sentiments, and domestic developments impacting investor confidence. Market participants are keenly observing key indicators that could signal a shift in momentum, with many anticipating that any significant breakout or breakdown from this range could set the tone for future trading sessions. Traders are encouraged to adopt a strategic approach, leveraging technical analyses to navigate this uncertain landscape effectively. Overall, the Nifty's performance will be closely watched as it reflects broader market dynamics and investor sentiment in the current economic context.