Stock Market Update: Nifty 50, Sensex Poised for a Soft Opening Amid Global Cues

Nifty 50 made a green candle on the daily chart, indicating fresh buying interest near support. Analysts believe the minor correction might be ending, keeping the short-term uptrend intact.

Analysts expect possible retests of the 26,000-26,100 zone, with support being around 25,650-25,600. A breakout above 25,800 would open the potential for further gains, while closing below 25,540 may be cause for concern.

Meanwhile, the volatility index (VIX) rose to 12.50, reflecting increased uncertainty among traders.

Hrishikesh Yedve of Asit C. Mehta Investments said that holding above 25,645 could trigger a relief rally, whereas a sustained drop might push the index toward 25,400-25,450, a key demand zone.