Headline is red, but the internal structure remains resilient.
The defence of the 26,100 Put base today was significant. We are seeing a classic 'Passing of the Baton'—Banking took a breather, so IT (+1.8%) stepped up to defend the index.
As long as the broader market (Midcaps +0.43%) refuses to crack and 26,050 holds, this remains a time-correction, not a trend reversal.
Headline is red, but the internal structure remains resilient.
The defence of the 26,100 Put base today was significant. We are seeing a classic 'Passing of the Baton'—Banking took a breather, so IT (+1.8%) stepped up to defend the index.
As long as the broader market (Midcaps +0.43%) refuses to crack and 26,050 holds, this remains a time-correction, not a trend reversal.