Overview
- NSE Nifty 50 closed up about 181 points at 25,875.8 after a gap-up, marking a third straight advance.
- Analysts see scope for a move into 26,000–26,100 if momentum holds, with a push above 26,000 viewed as opening room toward record highs.
- Immediate cushions are cited at 25,780–25,715 from a bullish gap, with a deeper support zone at 25,600–25,500.
- Weekly options show the largest Call open interest at 26,000, suggesting a near-term 25,500–26,000 trading band, while RSI and MACD trends point to a bullish bias as India VIX eases near 12.
- Some reports linked the gap-up to positive sentiment after Bihar exit polls indicated an NDA lead, a factor that traders view as short-lived compared with technical drivers.