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Daily Technical View on Nifty

* Nifty 50 extended its record run to sixth session on September 26 aided by late surge.

* At close, Nifty was up 0.81% or 211.9 points at 26216.1.

* Cash market volumes on the NSE were 15% higher than the previous day.

* Broad market indices ended in the negative even as the advance decline ratio remained almost flat at 0.70:1.

* Nifty broke out upwards out of the recent range on the monthly F&O expiry day and formed a long bull candle.

* Renewed buying in metal shares and buying in Auto shares contributed to this surge.

* Nifty could now aim for 26475 on the upside in the near term while the supports have shifted up to the 25956-26033 band.

* 61.8% Fibonacci extension level is placed at 26240, above which next resistance comes at 26878 positionally.

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