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Nifty

After six weeks of narrow-range consolidation, the index appears poised for a directional surge. A firm close near the 26330-mark last week provided price confirmation, while improving relative strength had already been signaling this emerging setup. The daily RSI is now establishing a trending structure, ADX remains well below its 25 level, and the expanding options band collectively point to early-stage momentum build-up. The filling of the Breakaway Gap near 26000, accompanied by a ‘Morning Star’ candlestick formation, further complements the improving price trend and confirms a higher base shift to 26000 from 25740. Options data reflects confident writing at 26200, while the upper range could expand further if the 26300 zone witnesses unwinding early in the week due to expiry-related pressures. A sustained follow-through above 26330 would significantly strengthen the uptrend and open upside potential toward 26920. On the downside, the 26000-26050 zone remains critical to preserve trend strength; a breakdown below 25940 would weaken the structure and invite corrective pressure. Given the current technical configuration, traders may consider adding aggressive fresh positions as long as the index sustains above 26050, with periodic review and profit-booking zones placed between 26550 and 26920 for the current series

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