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Nifty

In line with expectation, Nifty50 retained its gap-up opening and extended its upward momentum towards 25355, confirming the breakout from last week’s Inside Bar consolidation. The uptrend remains firmly anchored as the index sustains above its 5-DEMA at 25166, with the 25000 zone now acting as a strong cushion for momentum to stretch higher towards 25555. On the derivatives front, the Put OI base has shifted upward from 25000 to 25200, reflecting stronger conviction among market participants in line with the ongoing price action. Sustained trade above 25350 could trigger additional short covering and accelerate the rally. Momentum indicators also remain constructive, with ADX trending at 30, confirming strengthening trend traction. On the upside, 25355 is the immediate resistance. A decisive breakout above this level could unlock the next leg higher towards 25500–25620 in the near term.

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