Indian equity markets showed resilience this week as the Nifty climbed 0.

Indian equity markets showed resilience this week as the Nifty climbed 0.46% to settle at 25,571.25, while the Sensex advanced 0.38% to 82,814.71. However, IT stocks emerged as key drags despite broad-based buying across other sectors. The index traded within a remarkably tight weekly range of 512 points, forming an NR4 pattern with elevated volatility. Technical analysis suggests the Nifty has been consolidating between 26,009 and 25,373 since February 4, with all key moving averages now flattened. This prolonged compression typically precedes a decisive directional move. Following the US Supreme Court's ruling against Trump-era tariffs, markets may open with a notable gap-up of 350 to 400 points. Critical support lies at 25,350, with a breakdown potentially triggering a decline toward 25,000. Resistance is positioned at the 25,950 to 26,000 band.