MRPL, SAIL, Tata Steel in focus as Nifty signals bottom formation near 25,500: Nagaraj Shetti

Nifty shows early signs of bottoming near 25,500 as buying emerges at lower levels, says Nagaraj Shetti, Technical & Derivative Analyst , HDFC Securities. While volatility persists, technical charts point to a possible rebound towards 26,200–26,300. Metals and oil refinery stocks show strength, with MRPL, SAIL and Tata Steel leading sectoral momentum.