Buy or sell, June 29 -- This week, the Indian equity markets witnessed a significant breakout, ending a prolonged consolidation phase, primarily influenced by rising geopolitical tensions between Iran and Israel. The Nifty 50, after trading in a tight range of 24,500-25,200, closed the week strongly at 25,637, marking a decisive breakout and signaling a bullish continuation. In our previous analysis, we had highlighted the 25,200-25,300 zone as a crucial resistance area, which also coincided with the 78.6% Fibonacci retracement level of the broader market correction.

The index has now successfully breached this barrier, indicating a shift in market momentum toward the upside. From a technical perspective, the broader trend remains strong...