Nifty eyes breakout to 25,200 as markets await RBI policy decision

With markets awaiting the Reserve Bank of India's policy decision on Friday, analysts expect the Nifty index to trade within a defined range unless it sees a decisive breakout. Caution prevails as the Nifty index consolidates below a key trendline. They see a potential for a breakout to 25,000 to 25,200 if resistance is breached.