Trade setup for July 18: Top 15 things to know before the opening bells
Overall, the Nifty 50 still shows sideways action with a negative bias, considering the technical indicators, and may be waiting for a trigger to gain a firm direction. Until it shows a decisive close above the 20-day EMA (around 25,250), the consolidation may continue, with immediate support at 25,000 and then at 24,900 levels.