Indian markets continue to hover around the psychologically important 25,000 mark, showing signs of consolidation. According to market experts, Nifty remains largely range-bound, awaiting a decisive breakout.

Market strategist Rajesh Palviya in an interview to ET Now noted that call writers remain confident at the 25,000 strike, indicating that a meaningful move will require significant volume.

“Still in today’s intraday perspective we have also seen major call writing activities happening at 25,000 strikes only. So, this level needs to cross with volume action and once we are able to give breakout above 25,000 on a decisive manner, then we could see some short covering to trigger and then possible rally can extend further,” Palviya explained.

Banking stocks are also drawing attention. Bank Nifty is holding comfortably above the 54,500 level while negotiating its 20-day moving average supply zone. Palviya highlighted, “54,750 to 54,800 is the immediate hurdle for Bank Nifty. If at all Bank Nifty crosses above 54,800, I think banking stocks may take charge and we could see some support from banking stocks as well as Bank Nifty can show some upward momentum from here onwards.”

For traders, Palviya recommends a near-term Nifty target of 25,150–25,200, while a strict stop-loss level should be maintained at 24,850. Bank Nifty’s immediate range is projected between 54,500 and 54,800, with either-side breakouts likely to dictate the next directional move.

On the stock-specific front, Palviya pointed to sectors showing resilience despite limited Nifty participation. “Though Nifty is not participating today, sectors like capital goods, power, oil and gas, even banking space, all these spaces are showing signs of strength. So, one needs to remain on the stocks front, stock specific action one can play out in this kind of market.”Among individual picks, Hindustan Aeronautics Limited (HAL) and CG Power stood out. “If we analyse the structure, there is a breakout of the falling channel on HAL on the daily chart and from the oversold trajectory there is a sign of reversal on the HAL. So, we believe that HAL may extend its gain, 4720 we are projecting a target for near-term perspective, on the downside 4550 needs to be kept as a stop loss,” Palviya said.Power sector stock CG Power has shown robust momentum in recent weeks. “A very strong buying action in the last couple of weeks and stock managed to give breakout on daily as well as on the weekly chart. This is the fourth consecutive week where the stock is making higher high-low formation. So, we are projecting a target of 810 for CG Power, one can buy and accumulate with the stop loss of 768,” he added.

As Nifty negotiates the key 25,000 mark, traders and investors are advised to watch volume action and stock-specific opportunities, particularly in sectors showing resilience.