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Nifty

Nifty 50 defended the critical pivot near 25400 with a strong rebound at the start of the week, forming a clear Bullish Engulfing pattern on the daily chart that reinforces this zone as a solid demand base. The index also managed to cross the key resistance around 25700 by close; a sustained move above this level can open the path toward 25850, though a heavier supply band in the 25900–26000 region may cap near-term gains. As long as Nifty holds above 25400, the bullish setup remains intact, while a decisive break below would negate the positive structure and warrant trimming trading longs. Fresh aggressive long additions are better positioned on a breakout above 25850 followed by a close above 26000, which would confirm absorption of overhead supply and validate an upside extension toward the 26300–26400 zone for the series.

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SEBI Registration number is INZ000171838