Overview
- Nifty closed above 25,650 after a three-session rebound marked by a bullish daily candle and higher highs.
- Immediate resistance is clustered at 25,800–25,850, and analysts say a decisive break could carry the index toward the recent 26,100 peak.
- Support is outlined at 25,400–25,200, with 25,350 flagged as the level that would negate the short-term recovery.
- Nifty Bank held above short-term EMAs following a flag breakout, with near-term objectives signaled around 58,577 to 59,000.
- Market tone was aided by a firmer rupee at 88.57 and a softer 10-year yield at 6.51, while gains were led by InterGlobe Aviation, Mahindra & Mahindra, Vodafone Idea and Bharat Forge.