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Nifty

Fresh breakout momentum was evident in the previous session as the Nifty50 surged past the 25500 zone and closed firmly above the 25700 resistance, confirming a strong price breakout. This decisive close signals renewed conviction for a potential move towards the 26000 zone. Both trend strength indicators continue to trend higher, with the ADX now above 25, indicating improving directional momentum. A sustained move above 25700, especially on rising volumes, could further trigger short covering and open the path towards the 26000–26500 range. On the derivatives front, the options base has shifted higher from 25000 to 25500, suggesting stronger support, while resistance is seen around 26000, a major congestion zone. A close above 25170 has reaffirmed the bullish momentum, and the follow-through breakout above 25500 strengthens the medium-term uptrend. Strategy is to continue to buy on dips, with a momentumbased stop loss below 25470, and targets at 26000–26500 in the near term

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