Overview
- The Nifty 50 touched 26,011 intraday but slipped on late profit-taking to close flat at 25,879, forming a high‑wave or doji‑like candle that signals indecision.
- Analysts flag near-term support at 25,800–25,700, with stronger footing at 25,300–25,400 that aligns with the 50-day average and a 50% retracement of the prior up move.
- Immediate resistance stands near 26,000–26,200, with a sustained break seen as opening room toward 26,200–26,350, while a drop below 25,800 could slow momentum.
- Options data show heavy call open interest at 26,000 and 26,200 and concentrated puts between 25,500 and 25,900, reinforcing the current resistance and support bands.
- Bank Nifty printed a record intraday high of 58,616 and faces resistance around 58,500–58,600, with support defined by brokers near 57,300–57,100 and scope to 59,000 if a breakout holds.