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The index witnessed a strong breakthrough, aligning with expectations as it rebounded from its 20-DEMA support zone around 24700. The weekly close above 24830, coming post the RBI’s crucial monetary policy announcement, highlights the prevailing optimism in the market. If the index manages to deliver a follow-through close above 25,180 during the early part of this week, it could amplify its up move further, paving the way towards the upper end of the channel pattern, placed around 25555 to 25630.On the flip side, a sustained breakdown below 24700 would indicate a failure of the current recovery, potentially dragging the index lower toward 24300, which coincides with the 50-DEMA. Options data reflects significant unwinding along with fresh base building at 24500 and 24800 strikes, while a clear upward shift in positioning is evident in the 25200 to 25500 range, signaling expectations of a bullish move in the near term. Given the 'Rising Three' pattern on the weekly chart, traders may look at aggressive long positions with a strict stop-loss placed below 24650. However, any failure to hold above the 24800 zone in the early part of the week would warrant caution, and aggressive trades should be avoided under such conditions. The ability of the index to sustain above key resistance levels early in the week will be crucial in determining the strength and continuation of this upward move.

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