The Nifty technical outlook suggests a potential consolidation phase before a decisive move.

The Nifty ended the session with a 0.14 percent gain at 25,418 points, while the Sensex ended with a 0.11 percent gain at 83,079 points.

The markets had started on a positive note but quickly dipped, recovered within half an hour, only to fall again.

Federal Reserve's rate-cut decision is expected tomorrow night, which could impact future market movements; India's inflation and trade data are expected today

Nifty technical outlook based on the market closing on Monday, September 16

After opening with modest gains, the market indices gradually climbed to record levels

Despite Friday's marginal decline, traders expect to gain on Monday; focus on the US Fed's decision on rates; gold updates all previous records.

However, the formation of a black candle on the daily chart and the close below the previous day's level signal a potential consolidation phase.

As the indices decline, mid- and-small caps outperform; Kalyan Jewellers stock jumps over 7% and hits a new record high for the third da day in a row

Record highs bring profit-taking pressure; foreign funds remain major buyers; hopes rise on rate cuts; crude, metals, and gold surge