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On Friday, NIFTY opened on a negative note and slipped below the 25,400 mark in early trade. It began forming lower tops and lower bottoms on the intraday chart. Selling pressure intensified in the last hour as the index fell below 25,300, tested 25,150, and eventually closed below 25,200.

NIFTY has now moved below the 200-DEMA, placed near 25,250, which signals increasing short-term weakness. The index may test 25,100 in the near term, and a sustained move below this level could extend the decline towards 24,900.

On the upside, the 25,400–25,500 zone will act as an important resistance area. Fresh long positions should be considered only on a decisive breakout above 25,500.