Overview
- After opening lower on weak global cues, the Nifty recovered to finish at 25,910.05 and the Sensex at 84,562.78.
- Intraday swings saw the Nifty slip below 25,800 and briefly top 26,000 before profit-taking knocked it back.
- Brokerages flagged immediate resistance near 26,000 with supports around 25,800–25,700 and 25,300–25,400, advocating selective buy-on-dips above roughly 25,650–25,700.
- Options positioning showed heavy call open interest at 26,000–26,200 and concentrated puts at 25,500–25,900, reinforcing a ceiling near 26,000 and a floor near 25,800.
- Bank Nifty set a fresh intraday high near 58,616, with analysts eyeing a move toward 59,000 if a sustained breakout above ~58,600 holds.