The Nifty index exhibited a mildly consolidative bias over the week, closing with a gain of 99.60 points (+0.42%). Trading within a narrow range of 587.85 points, the index reflects a lack of strong directional conviction. Volatility increased slightly, with the India VIX declining by 6.35% to 18.46, indicating reduced hedging activity. As the Nifty hovers around the 23,900–24,000 zone, it faces immediate resistance at 24,350 and 24,550, while support levels are set at 23,900 and 23,500. The weekly Relative Strength Index (RSI) stands at 44.16, suggesting a neutral momentum, while the Moving Average Convergence Divergence (MACD) remains below its signal line, indicating weak broader momentum. Traders are advised to adopt a cautious approach, focusing on stock-specific opportunities and protecting existing gains, as the market continues to oscillate within defined boundaries. The Relative Rotation Graphs reveal that sectors such as Media, Pharma, and Energy are positioned to outperform, while the PSU Bank and IT sectors are expected to underperform.