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Nifty 

A bullish marubozu on the daily chart marks a strong shift in momentum, reflecting firm buying conviction and complete control by the bulls through the session. The pattern has decisively engulfed the previous four days of decline in a single move, reinforcing the ongoing uptrend and signalling the potential for a strong directional phase in the weeks ahead. Nifty began the December expiry with strength, clearing the key 26050 barrier and extending the rally toward the 26330–26500 zone. Rollover data at 69%, a six-month low, suggests that traders have refrained from carrying shorts forward—often an early sign of expectations of trend reversal or continuation of upward momentum. The 25840 level remains a crucial structural support. Sustaining above this zone has helped maintain the broader bullish trend while establishing a higher base around 26000. For the December series, options positioning shows a firm base in the 26000–25800 range, while resistance zones are gradually aligning toward 26500, indicating improving bullish sentiment beneath the surface. Traders may continue to hold long positions as long as 25840 remains intact, with near-term upside targets placed at 26330, followed by 26500 for the week.

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